Brokerages Set Huntington Bancshares Incorporated (NASDAQ:HBAN) Price Target at $20.24

Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) have earned a consensus recommendation of “Moderate Buy” from the twenty-four ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, fifteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $20.1522.

A number of research firms have weighed in on HBAN. Jefferies Financial Group set a $18.00 target price on shares of Huntington Bancshares in a research note on Thursday, July 23rd. Royal Bank Of Canada reissued an “outperform” rating and issued a $21.00 price target on shares of Huntington Bancshares in a research report on Tuesday, August 18th. Bank of America reissued a “neutral” rating and set a $18.50 price objective (down from $20.00) on shares of Huntington Bancshares in a report on Monday, July 27th. Robert W. Baird increased their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Finally, Stephens lowered their target price on Huntington Bancshares from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Friday, July 24th.

Key Huntington Bancshares News

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

• Positive Sentiment: Huntington raised its prime rate from 6.75% to 7.00%. Higher lending rates could support net interest income and banking margins, depending on deposit costs and loan demand. Huntington Bancshares Increases its Prime Rate
• Positive Sentiment: Wells Fargo lowered its HBAN price target to $21 from $23 but maintained an “overweight” rating, implying substantial potential upside from current trading levels. The target reduction reflects more cautious expectations but the retained rating remains supportive.
• Neutral Sentiment: Huntington presented at the Barclays 24th Annual Global Financial Services Conference, giving investors additional information about its strategy and operating outlook. No major new catalyst was identified in the conference update. Huntington Bancshares Barclays Conference Presentation
• Negative Sentiment: Huntington cut its FY 2026 EPS guidance to $1.52–$1.54, below the $1.60 consensus estimate, and reduced FY 2027 guidance to $1.75–$1.83 versus an $1.88 consensus. The lowered outlook raises concerns about earnings momentum and was the primary reason for the pressure on the stock. Huntington Bancshares Shares Fall After Lowering Earnings Guidance
• Negative Sentiment: Options activity became unusually bearish, with traders purchasing 6,134 put options—111% above the average daily volume. This signals increased demand for downside protection or speculative bets against HBAN.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, EVP Marcy Hingst sold 10,568 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $18.00, for a total value of $190,224.00. Following the completion of the transaction, the executive vice president owned 267,859 shares in the company, valued at approximately $4,821,462. This represents a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kendall Kowalski sold 27,971 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $17.20, for a total transaction of $481,101.20. Following the completion of the transaction, the insider owned 70,025 shares of the company’s stock, valued at $1,204,430. This represents a 28.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.67% of the company’s stock.

Institutional Trading of Huntington Bancshares

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of Huntington Bancshares during the second quarter valued at approximately $3,134,426,000. Geode Capital Management LLC grew its stake in Huntington Bancshares by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 43,171,993 shares of the bank’s stock worth $746,257,000 after buying an additional 3,074,673 shares during the period. Victory Capital Management Inc. increased its holdings in Huntington Bancshares by 9.3% in the 4th quarter. Victory Capital Management Inc. now owns 37,412,989 shares of the bank’s stock valued at $649,115,000 after purchasing an additional 3,182,001 shares in the last quarter. Norges Bank acquired a new stake in shares of Huntington Bancshares in the fourth quarter valued at about $432,584,000. Finally, Dimensional Fund Advisors LP grew its position in Huntington Bancshares by 27.2% in the first quarter. Dimensional Fund Advisors LP now owns 23,480,601 shares of the bank’s stock valued at $367,388,000 after acquiring an additional 5,026,894 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Stock Down 5.6%

HBAN opened at $15.82 on Friday. The company has a 50-day moving average price of $17.33 and a 200 day moving average price of $16.72. Huntington Bancshares has a twelve month low of $14.89 and a twelve month high of $19.45. The company has a market cap of $31.96 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 0.91 and a beta of 0.92. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.63.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.84 billion. 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. Sell-side analysts expect that Huntington Bancshares will post 1.61 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 17th will be given a dividend of $0.155 per share. The ex-dividend date is Thursday, September 17th. This represents a $0.62 annualized dividend and a yield of 3.9%. Huntington Bancshares’s payout ratio is presently 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 banking and financial services to consumers, businesses, institutions and government entities.

The company offers consumer and commercial deposit accounts, lending products, mortgage banking, wealth management, investment services, insurance, payment solutions and treasury management. Its lending activities include residential mortgages, auto loans, consumer credit, small-business financing and commercial loans.

Founded in 1866, Huntington serves customers through branches, digital banking channels and business offices across the Midwest and other selected markets.