Huntington Bancshares Incorporated (NASDAQ:HBAN) Stock Has Average Price Target of $19.43 According to Analysts

Huntington Bancshares Incorporated (NASDAQ:HBAN) has received an average rating of “Moderate Buy” from the twenty-two research firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $19.19.

A number of research analysts have recently commented on HBAN shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $21.00 price target on shares of Huntington Bancshares in a research note on Tuesday, August 18th. Truist Financial reduced their price target on Huntington Bancshares from $20.00 to $19.00 and set a “buy” rating on the stock in a report on Wednesday, September 23rd. Stephens dropped their price objective on shares of Huntington Bancshares from $19.00 to $18.00 in a report on Tuesday, September 22nd. TD Cowen began coverage on shares of Huntington Bancshares in a report on Thursday. They set a “buy” rating and a $18.00 target price on the stock. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Huntington Bancshares from $19.50 to $18.00 and set a “market perform” rating on the stock in a report on Tuesday.

Insider Buying and Selling at Huntington Bancshares

In related news, insider Kendall Kowalski sold 27,971 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $17.20, for a total value of $481,101.20. Following the completion of the sale, the insider directly owned 70,025 shares in the company, valued at $1,204,430. This represents a 28.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Huntington Bancshares

Institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LP acquired a new stake in shares of Huntington Bancshares during the second quarter worth $21,187,000. Equitable Holdings Inc. bought a new position in Huntington Bancshares during the second quarter worth $1,093,000. Bank of America Corp DE acquired a new position in Huntington Bancshares in the second quarter valued at $256,772,000. Hsbc Holdings PLC lifted its holdings in Huntington Bancshares by 25.4% in the fourth quarter. Hsbc Holdings PLC now owns 8,161,085 shares of the bank’s stock valued at $141,625,000 after buying an additional 1,652,464 shares during the period. Finally, OMERS ADMINISTRATION Corp bought a new stake in Huntington Bancshares during the second quarter valued at $16,579,000. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Trading Down 0.3%

Shares of Huntington Bancshares stock opened at $15.32 on Wednesday. The firm’s 50 day moving average is $16.56 and its 200 day moving average is $16.66. The firm has a market capitalization of $30.95 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95. Huntington Bancshares has a 1 year low of $14.82 and a 1 year high of $19.45. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63.

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

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th were issued a dividend of $0.1550 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Thursday, September 17th. Huntington Bancshares’s payout ratio is 48.06%.

About Huntington Bancshares

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.