Huntington Bancshares (NASDAQ:HBAN) Stock Price Target Lowered at JPMorgan Chase & Co.

Huntington Bancshares (NASDAQ:HBAN – Get Free Report) had its price target reduced by investment analysts at JPMorgan Chase & Co. from $19.50 to $17.50 in a report issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the bank’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 14.49% from the company’s current price.

A number of other analysts also recently weighed in on HBAN. Morgan Stanley reissued an “equal weight” rating and set a $19.00 target price (down from $21.00) on shares of Huntington Bancshares in a research report on Friday, July 24th. UBS Group lifted their target price on shares of Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Truist Financial cut their price target on shares of Huntington Bancshares from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Wednesday, September 23rd. Bank of America reiterated a “neutral” rating and set a $18.50 price target (down from $20.00) on shares of Huntington Bancshares in a report on Monday, July 27th. Finally, Jefferies Financial Group dropped their price objective on Huntington Bancshares from $18.00 to $17.00 and set a “hold” rating on the stock in a research note on Thursday, September 24th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Huntington Bancshares currently has an average rating of “Moderate Buy” and an average price target of $19.69.

Check Out Our Latest Report on HBAN

Huntington Bancshares Trading Up 0.6%

Shares of Huntington Bancshares stock traded up $0.10 during trading on Friday, hitting $15.29. The company’s stock had a trading volume of 8,850,703 shares, compared to its average volume of 27,374,135. The stock has a market cap of $30.88 billion, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 0.93 and a beta of 0.95. Huntington Bancshares has a 52 week low of $14.82 and a 52 week high of $19.45. The stock has a 50-day moving average price of $16.78 and a two-hundred day moving average price of $16.67. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.92 and a quick ratio of 0.91.

Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the previous year, the company posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Equities research analysts anticipate that Huntington Bancshares will post 1.54 EPS for the current fiscal year.

Insider Activity at Huntington Bancshares

In other news, insider Kendall Kowalski sold 27,971 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $17.20, for a total transaction of $481,101.20. Following the completion of the sale, the insider owned 70,025 shares in the company, valued at $1,204,430. The trade was a 28.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Values First Advisors Inc. increased its holdings in Huntington Bancshares by 3.0% in the first quarter. Values First Advisors Inc. now owns 20,564 shares of the bank’s stock valued at $322,000 after buying an additional 604 shares in the last quarter. Henrickson Nauta Wealth Advisors Inc. increased its stake in shares of Huntington Bancshares by 6.1% in the 2nd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 10,613 shares of the bank’s stock valued at $190,000 after purchasing an additional 608 shares in the last quarter. MCF Advisors LLC raised its holdings in Huntington Bancshares by 12.6% in the 4th quarter. MCF Advisors LLC now owns 5,438 shares of the bank’s stock worth $95,000 after purchasing an additional 609 shares during the period. Vestor Capital LLC boosted its position in Huntington Bancshares by 13.0% during the first quarter. Vestor Capital LLC now owns 5,636 shares of the bank’s stock worth $88,000 after purchasing an additional 648 shares in the last quarter. Finally, Balboa Wealth Partners boosted its position in Huntington Bancshares by 2.5% during the first quarter. Balboa Wealth Partners now owns 27,042 shares of the bank’s stock worth $423,000 after purchasing an additional 662 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company’s stock.

About Huntington Bancshares

(Get Free Report)

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides consumer, small-business and commercial banking services through branch offices, digital banking channels and automated teller machines.

The company offers deposit accounts, residential and commercial mortgages, home equity lending, auto loans, personal lending, credit cards and other consumer financial products. Its business banking operations provide lending, treasury management, payment processing and capital markets services, while its wealth management and insurance businesses serve individuals, families and institutions.

Founded in 1866, Huntington has developed a banking franchise across the Midwest, with a presence in states including Ohio, Michigan, Pennsylvania, Indiana, West Virginia, Kentucky, Illinois and Wisconsin.

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