Piper Sandler Issues Positive Forecast for Huntington Bancshares (NASDAQ:HBAN) Stock Price

Huntington Bancshares (NASDAQ:HBAN) had its price objective lifted by Piper Sandler from $16.00 to $17.00 in a report published on Thursday,MarketScreener reports. Piper Sandler currently has an underweight rating on the bank’s stock.

Several other equities analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft upped their target price on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Morgan Stanley boosted their target price on shares of Huntington Bancshares from $19.00 to $23.00 and gave the company an “overweight” rating in a research report on Monday, September 29th. Barclays lifted their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Monday, January 5th. Keefe, Bruyette & Woods lowered their target price on shares of Huntington Bancshares from $20.00 to $19.50 and set a “market perform” rating on the stock in a report on Friday. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $20.00 price target (down previously from $21.00) on shares of Huntington Bancshares in a research note on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.11.

Huntington Bancshares Trading Up 0.0%

HBAN stock traded up $0.00 during midday trading on Thursday, hitting $17.64. 8,852,064 shares of the company’s stock were exchanged, compared to its average volume of 30,571,018. Huntington Bancshares has a one year low of $11.91 and a one year high of $18.91. The stock’s fifty day moving average price is $17.24 and its 200-day moving average price is $16.88. The company has a market cap of $27.79 billion, a PE ratio of 12.35, a price-to-earnings-growth ratio of 0.70 and a beta of 0.95. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Thursday, January 22nd. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). Huntington Bancshares had a return on equity of 12.14% and a net margin of 18.06%.The firm had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period last year, the company earned $0.34 EPS. Research analysts predict that Huntington Bancshares will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, March 18th. Huntington Bancshares’s payout ratio is currently 43.36%.

Insider Buying and Selling at Huntington Bancshares

In related news, insider Amit Dhingra sold 10,000 shares of the stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $18.50, for a total transaction of $185,000.00. Following the sale, the insider owned 155,634 shares of the company’s stock, valued at approximately $2,879,229. This represents a 6.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John C. Inglis purchased 6,506 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were acquired at an average price of $15.30 per share, with a total value of $99,541.80. Following the transaction, the director owned 89,831 shares in the company, valued at approximately $1,374,414.30. The trade was a 7.81% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders sold 97,863 shares of company stock valued at $1,581,634 in the last quarter. Insiders own 0.89% of the company’s stock.

Institutional Trading of Huntington Bancshares

Hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC boosted its holdings in Huntington Bancshares by 5.0% in the first quarter. Empowered Funds LLC now owns 28,888 shares of the bank’s stock worth $434,000 after purchasing an additional 1,366 shares during the last quarter. Woodline Partners LP boosted its stake in shares of Huntington Bancshares by 40.8% in the 1st quarter. Woodline Partners LP now owns 122,821 shares of the bank’s stock worth $1,844,000 after buying an additional 35,574 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Huntington Bancshares by 2.6% in the second quarter. Farther Finance Advisors LLC now owns 29,032 shares of the bank’s stock worth $487,000 after acquiring an additional 731 shares during the period. Park Avenue Securities LLC purchased a new stake in Huntington Bancshares during the second quarter valued at $976,000. Finally, Accurate Wealth Management LLC lifted its holdings in Huntington Bancshares by 3.5% in the second quarter. Accurate Wealth Management LLC now owns 18,159 shares of the bank’s stock valued at $319,000 after acquiring an additional 611 shares during the period. 80.72% of the stock is owned by institutional investors.

Trending Headlines about Huntington Bancshares

Here are the key news stories impacting Huntington Bancshares this week:

• Positive Sentiment: Board reaffirmed capital return — Huntington declared an unchanged quarterly common dividend of $0.155 per share (payable Apr 1; record/ex-dividend Mar 18), supporting yield (~3.5%) and signaling capital stability. PR Newswire
• Positive Sentiment: Management highlighted growth and momentum on the Q4 call (accelerating organic growth, expanded margin, and good credit metrics), which supports the outlook for continued NII and franchise expansion (including Southern U.S. efforts). TipRanks Earnings Call Summary
• Positive Sentiment: Prominent market commentator Jim Cramer publicly praised Huntington, which can boost retail sentiment and trading interest. Yahoo Finance
• Neutral Sentiment: Analyst target trimmed — Keefe, Bruyette & Woods cut its target from $20 to $19.50 and kept a “market perform” rating; the new target still implies upside from current levels but reflects more cautious near-term expectations. Benzinga
• Neutral Sentiment: Full Q4 earnings call transcripts and summaries are available (MSN, Seeking Alpha, Yahoo) for investors who want detail on guidance, margin drivers, and credit trends. Useful for modelling near-term results and capital planning. MSN Transcript
• Negative Sentiment: Q4 missed consensus — reported EPS $0.37 vs. ~$0.40 consensus and revenue $2.19B vs. ~$2.21B; some outlets emphasize a year-over-year rise in expenses and credit provisions that pressured results and drove near-term share weakness. MarketBeat / Press Release
• Negative Sentiment: Market reaction: coverage notes the stock fell after the miss — investors are weighing the earnings shortfall and rising costs against positive NII and expansion plans, increasing near-term volatility. The Motley Fool

About Huntington Bancshares

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.