Huntington Bancshares Incorporated (NASDAQ:HBAN) Receives $20.24 Average PT from Brokerages

Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) have earned an average rating of “Moderate Buy” from the twenty-four analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, fifteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $20.2391.

Several analysts have recently weighed in on the stock. Evercore restated an “outperform” rating and set a $21.00 price objective on shares of Huntington Bancshares in a research report on Monday, July 6th. UBS Group raised their price target on Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Jefferies Financial Group set a $18.00 price target on Huntington Bancshares in a research note on Thursday, July 23rd. Robert W. Baird boosted their target price on Huntington Bancshares from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Finally, Piper Sandler upgraded shares of Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 price target on the stock in a research report on Thursday, April 23rd.

Huntington Bancshares Stock Down 0.9%

HBAN stock opened at $17.01 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63. The company’s 50 day moving average is $17.61 and its 200 day moving average is $16.88. The stock has a market cap of $34.37 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 0.81 and a beta of 0.94. Huntington Bancshares has a 1-year low of $14.89 and a 1-year high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last announced 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. 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 for the quarter, compared to the consensus estimate of $2.84 billion. During the same period last year, the firm posted $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Sell-side analysts predict that Huntington Bancshares will post 1.61 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th will be paid a $0.155 dividend. The ex-dividend date of this dividend is Thursday, September 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.6%. Huntington Bancshares’s dividend payout ratio is 48.06%.

Insider Activity

In related news, insider Kendall A. 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 transaction of $481,101.20. Following the transaction, the insider owned 70,025 shares of the company’s stock, valued at approximately $1,204,430. This trade represents a 28.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James D. Rollins III sold 223,522 shares of Huntington Bancshares stock in a transaction on Friday, June 12th. The stock was sold at an average price of $17.35, for a total transaction of $3,878,106.70. Following the completion of the transaction, the director owned 612,155 shares in the company, valued at approximately $10,620,889.25. The trade was a 26.75% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders acquired 22,000 shares of company stock valued at $401,219 and sold 262,061 shares valued at $4,549,432. 0.67% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Huntington Bancshares

Several institutional investors and hedge funds have recently bought and sold shares of the stock. MV Capital Management Inc. bought a new stake in Huntington Bancshares in the fourth quarter valued at approximately $25,000. Palisade Asset Management LLC purchased a new position in shares of Huntington Bancshares in the third quarter worth $26,000. Centennial Bank AR bought a new stake in Huntington Bancshares during the 4th quarter valued at $28,000. Trust Co. of Vermont purchased a new stake in Huntington Bancshares during the 2nd quarter valued at $29,000. Finally, Johnson Financial Group Inc. purchased a new stake in Huntington Bancshares during the 2nd quarter valued at $31,000. 80.72% of the stock is currently owned by institutional investors.

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.