Huntington Bancshares Incorporated (HBAN) – What Are Researchers Saying About This Stock?

Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) have been assigned a consensus rating of “Moderate Buy” from the twenty-two analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, thirteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $19.19.

A number of brokerages have weighed in on HBAN. JPMorgan Chase & Co. decreased their target price on shares of Huntington Bancshares from $19.50 to $17.50 and set an “overweight” rating for the company in a research note on Friday, October 2nd. Royal Bank Of Canada reissued an “outperform” rating and issued a $21.00 price objective on shares of Huntington Bancshares in a report on Tuesday, August 18th. Keefe, Bruyette & Woods reduced their target price on shares of Huntington Bancshares from $19.50 to $18.00 and set a “market perform” rating for the company in a report on Tuesday, October 6th. DA Davidson cut their price objective on shares of Huntington Bancshares from $22.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, September 21st. Finally, Jefferies Financial Group reduced their price objective on Huntington Bancshares from $18.00 to $17.00 and set a “hold” rating for the company in a research note on Thursday, September 24th.

Huntington Bancshares Price Performance

HBAN stock opened at $15.32 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 0.92. The firm has a market capitalization of $30.95 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 0.97 and a beta of 0.95. The firm has a 50 day moving average price of $16.56 and a 200-day moving average price of $16.67. Huntington Bancshares has a 52-week low of $14.82 and a 52-week high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period last year, the business earned $0.34 EPS. 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 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Thursday, September 17th were issued a $0.1550 dividend. This represents a $0.62 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Thursday, September 17th. Huntington Bancshares’s dividend payout ratio is currently 48.06%.

Insider Buying and Selling at Huntington Bancshares

In other news, insider Kendall Kowalski sold 27,971 shares of the stock in a transaction 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 completion of the sale, the insider directly owned 70,025 shares of the company’s stock, valued at $1,204,430. This represents a 28.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.67% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Huntington Bancshares

Several institutional investors and hedge funds have recently modified their holdings of the stock. MV Capital Management Inc. purchased a new position in Huntington Bancshares in the fourth quarter valued at about $25,000. Centennial Bank AR acquired a new position in Huntington Bancshares during the 4th quarter worth $28,000. Trust Co. of Vermont bought a new stake in shares of Huntington Bancshares in the 2nd quarter worth about $29,000. Johnson Financial Group Inc. acquired a new position in Huntington Bancshares in the second quarter worth about $31,000. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Huntington Bancshares by 80.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,226 shares of the bank’s stock worth $35,000 after buying an additional 994 shares during the last quarter. Institutional investors own 80.72% of the company’s stock.

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.