Huntington Bancshares (NASDAQ:HBAN – Free Report) had its price target trimmed by Robert W. Baird from $21.00 to $19.00 in a report published on Friday morning, MarketBeat.com reports. The firm currently has an outperform rating on the bank’s stock.
Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. cut their price target on Huntington Bancshares from $19.50 to $17.50 and set an “overweight” rating for the company in a report on Friday, October 2nd. Jefferies Financial Group cut their target price on shares of Huntington Bancshares from $18.00 to $17.00 and set a “hold” rating for the company in a research note on Thursday, September 24th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $21.00 target price on shares of Huntington Bancshares in a report on Tuesday, August 18th. DA Davidson reduced their target price on shares of Huntington Bancshares from $22.00 to $20.00 and set a “buy” rating for the company in a report on Monday, September 21st. Finally, Wells Fargo & Company decreased their price target on shares of Huntington Bancshares from $23.00 to $21.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $19.00.
Read Our Latest Analysis on HBAN
Huntington Bancshares Price Performance
HBAN stock opened at $15.73 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $31.78 billion, a P/E ratio of 13.00, a P/E/G ratio of 1.00 and a beta of 0.95. Huntington Bancshares has a fifty-two week low of $14.82 and a fifty-two week high of $19.45. The business has a 50-day moving average of $16.12 and a 200-day moving average of $16.66.
Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last announced its earnings results on Thursday, October 22nd. The bank reported $0.38 EPS for the quarter, hitting the consensus estimate of $0.38. The business had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.82 billion. Huntington Bancshares had a net margin of 16.28% and a return on equity of 10.93%. During the same quarter in the prior year, the company posted $0.41 earnings per share. On average, sell-side analysts anticipate that Huntington Bancshares will post 1.54 earnings per share for the current fiscal year.
Huntington Bancshares Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 4th. Investors of record on Friday, December 18th will be given a dividend of $0.1550 per share. This represents a $0.62 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, December 18th. Huntington Bancshares’s dividend payout ratio is currently 51.24%.
Insider Buying and Selling at Huntington Bancshares
In other Huntington Bancshares news, insider Kendall Kowalski sold 27,971 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $17.20, for a total value of $481,101.20. Following the sale, the insider owned 70,025 shares in the company, valued at $1,204,430. This trade represents a 28.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.67% of the company’s stock.
Hedge Funds Weigh In On Huntington Bancshares
Hedge funds and other institutional investors have recently bought and sold shares of the company. Randolph Co Inc bought a new position in shares of Huntington Bancshares in the third quarter worth $28,443,000. Citizens Financial Group Inc. RI raised its stake in shares of Huntington Bancshares by 44.7% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 39,335 shares of the bank’s stock valued at $604,000 after purchasing an additional 12,149 shares during the period. Gibbs Wealth Management raised its stake in shares of Huntington Bancshares by 42.2% during the 3rd quarter. Gibbs Wealth Management now owns 19,205 shares of the bank’s stock valued at $293,000 after purchasing an additional 5,695 shares during the period. Yousif Capital Management LLC lifted its holdings in Huntington Bancshares by 1.0% during the 3rd quarter. Yousif Capital Management LLC now owns 199,152 shares of the bank’s stock worth $3,039,000 after purchasing an additional 2,056 shares in the last quarter. Finally, MBL Wealth LLC lifted its holdings in Huntington Bancshares by 62.6% during the 3rd quarter. MBL Wealth LLC now owns 21,689 shares of the bank’s stock worth $331,000 after purchasing an additional 8,347 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.
Key Stories Impacting Huntington Bancshares
Here are the key news stories impacting Huntington Bancshares this week:
- Positive Sentiment: Huntington reported third-quarter adjusted earnings of $0.38 per share, matching analyst expectations. Net interest income rose 1% sequentially to $2.069 billion, while the net interest margin improved to 3.25% from 3.21%. Fee income and net interest income also increased year over year. Huntington Q3 Earnings Match Estimates as NII & Fee Income Rise Y/Y
- Positive Sentiment: The board maintained the quarterly common dividend at $0.155 per share, equivalent to $0.62 annually and a yield of approximately 3.9%. The bank also repurchased $100 million of common stock during the quarter, bringing year-to-date repurchases to $409 million. Huntington Bancshares Maintains Quarterly Common Dividend Payout
- Positive Sentiment: Robert W. Baird retained an “outperform” rating, indicating confidence in the shares’ longer-term potential despite lowering its price target from $21 to $19. Robert W. Baird stock recommendations
- Neutral Sentiment: Capital and funding metrics remained solid: the CET1 ratio was 10.1%, average deposits edged higher and the bank continued returning capital to shareholders.
- Negative Sentiment: Quarterly revenue of $2.79 billion fell short of the $2.82 billion consensus and declined from $2.837 billion in the prior quarter. GAAP earnings per share were $0.33, down from $0.41 a year earlier, while average loans and leases decreased 0.4% sequentially.
- Negative Sentiment: Investors remain concerned about rising expenses, worsening credit quality and reduced 2026 guidance. Noninterest income declined 8% sequentially, offsetting some of the benefit from stronger net interest income. Huntington Bancshares falls on sequential decline in Q3 earnings and reduced 2026 guidance
About Huntington Bancshares
Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides banking and financial services to consumers, businesses, institutions and government entities.
The company’s offerings include checking and savings accounts, consumer and residential lending, credit cards, auto finance, mortgages, commercial loans, treasury management, investment and wealth management services, insurance, and other financial solutions.
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