Huntington Bancshares (NASDAQ:HBAN) Price Target Lowered to $18.00 at Stephens

Huntington Bancshares (NASDAQ:HBAN) had its target price decreased by investment analysts at Stephens from $19.00 to $18.00 in a report issued on Tuesday. Stephens’ target price points to a potential upside of 16.93% from the company’s current price.

A number of other brokerages have also commented on HBAN. Wells Fargo & Company dropped their target price on Huntington Bancshares from $23.00 to $21.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 16th. Jefferies Financial Group decreased their price objective on shares of Huntington Bancshares from $18.00 to $17.00 and set a “hold” rating for the company in a research note on Thursday. Robert W. Baird upped their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $21.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, August 18th. Finally, Truist Financial decreased their target price on shares of Huntington Bancshares from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Huntington Bancshares presently has an average rating of “Moderate Buy” and a consensus price target of $19.84.

Huntington Bancshares Trading Up 0.1%

NASDAQ HBAN opened at $15.39 on Tuesday. Huntington Bancshares has a 12-month low of $14.89 and a 12-month high of $19.45. The company has a fifty day simple moving average of $17.11 and a two-hundred day simple moving average of $16.69. 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 stock has a market cap of $31.10 billion, a P/E ratio of 11.93, a P/E/G ratio of 0.90 and a beta of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.84 billion. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.During the same period in the prior year, the firm earned $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, analysts forecast that Huntington Bancshares will post 1.53 earnings per share for the current year.

Insider Activity

In related news, insider Kendall Kowalski sold 27,971 shares of the business’s 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 transaction, the insider directly owned 70,025 shares in the company, valued at $1,204,430. The trade was a 28.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.67% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Huntington Bancshares in the second quarter worth about $3,134,426,000. Geode Capital Management LLC increased its stake in shares of Huntington Bancshares by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 43,171,993 shares of the bank’s stock valued at $746,257,000 after purchasing an additional 3,074,673 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of 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 position in Huntington Bancshares in the 4th quarter worth about $432,584,000. Finally, Dimensional Fund Advisors LP boosted its position in Huntington Bancshares by 27.2% during the first quarter. Dimensional Fund Advisors LP now owns 23,480,601 shares of the bank’s stock worth $367,388,000 after purchasing an additional 5,026,894 shares in the last quarter. Hedge funds and other 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 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.