DA Davidson Issues Optimistic Estimate for HBAN Earnings

Huntington Bancshares Incorporated (NASDAQ:HBAN) – DA Davidson upped their FY2026 earnings estimates for Huntington Bancshares in a research report issued to clients and investors on Tuesday, October 28th. DA Davidson analyst P. Winter now expects that the bank will post earnings of $1.68 per share for the year, up from their prior estimate of $1.67. DA Davidson currently has a “Buy” rating and a $21.00 target price on the stock. The consensus estimate for Huntington Bancshares’ current full-year earnings is $1.39 per share.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share (EPS) for the quarter. Huntington Bancshares had a return on equity of 12.14% and a net margin of 18.06%.The business had revenue of $469.00 million for the quarter.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. upped their price objective on shares of Huntington Bancshares from $18.00 to $18.50 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Stephens upped their price target on shares of Huntington Bancshares from $18.00 to $19.00 in a report on Friday, October 17th. Truist Financial lifted their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Cowen restated a “buy” rating on shares of Huntington Bancshares in a research note on Monday, October 20th. Finally, Wolfe Research upgraded Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Thursday, July 3rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.82.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $15.32 on Wednesday. The company has a market cap of $22.35 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 0.66 and a beta of 0.96. Huntington Bancshares has a fifty-two week low of $11.91 and a fifty-two week high of $18.44. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a fifty day moving average price of $16.92 and a 200-day moving average price of $16.27.

Huntington Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Thursday, December 18th. Huntington Bancshares’s payout ratio is 43.36%.

Insider Transactions at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 41,100 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $739,800.00. Following the completion of the transaction, the executive vice president owned 299,361 shares in the company, valued at $5,388,498. This trade represents a 12.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.89% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Huntington Bancshares

Several institutional investors and hedge funds have recently added to or reduced their stakes in HBAN. MTM Investment Management LLC acquired a new position in shares of Huntington Bancshares during the second quarter worth $25,000. Family Legacy Financial Solutions LLC bought a new position in Huntington Bancshares during the 2nd quarter worth $25,000. Grey Fox Wealth Advisors LLC acquired a new position in Huntington Bancshares during the 3rd quarter worth about $31,000. Catalyst Capital Advisors LLC bought a new stake in shares of Huntington Bancshares in the 2nd quarter valued at about $30,000. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in shares of Huntington Bancshares in the first quarter valued at about $29,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

About Huntington Bancshares

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.