Jefferies Financial Group Cuts Huntington Bancshares (NASDAQ:HBAN) Price Target to $17.00

Huntington Bancshares (NASDAQ:HBAN) had its price objective lowered by Jefferies Financial Group from $18.00 to $17.00 in a report released on Thursday morning. Jefferies Financial Group currently has a hold rating on the bank’s stock.

Other research analysts have also recently issued research reports about the company. Evercore reaffirmed an “outperform” rating and set a $21.00 target price on shares of Huntington Bancshares in a research note on Monday, July 6th. UBS Group upped their price target on shares of Huntington Bancshares from $21.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Stephens reduced their price objective on shares of Huntington Bancshares from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Friday, July 24th. Royal Bank Of Canada restated an “outperform” rating and set a $21.00 price objective on shares of Huntington Bancshares in a research report on Tuesday, August 18th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Huntington Bancshares from $18.50 to $19.50 and gave the stock an “overweight” rating in a report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.84.

Huntington Bancshares Price Performance

Shares of NASDAQ:HBAN opened at $15.64 on Thursday. Huntington Bancshares has a 12 month low of $14.89 and a 12 month high of $19.45. The stock has a market cap of $31.60 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 0.89 and a beta of 0.92. The stock’s 50 day moving average price is $17.00 and its 200 day moving average price is $16.67. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.92 and a quick ratio of 0.91.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.The firm had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period last year, the company posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Equities research analysts anticipate that Huntington Bancshares will post 1.54 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

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

Insider Buying and Selling at Huntington Bancshares

In related news, insider Kendall Kowalski sold 27,971 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $17.20, for a total value of $481,101.20. Following the completion of the transaction, the insider owned 70,025 shares in the company, valued at $1,204,430. This trade represents a 28.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.67% of the stock is owned by company insiders.

Institutional Trading of Huntington Bancshares

A number of hedge funds have recently bought and sold shares of the company. Values First Advisors Inc. increased its position in shares of Huntington Bancshares by 3.0% in the first quarter. Values First Advisors Inc. now owns 20,564 shares of the bank’s stock worth $322,000 after acquiring an additional 604 shares in the last quarter. Henrickson Nauta Wealth Advisors Inc. lifted its position in shares of Huntington Bancshares by 6.1% in the 2nd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 10,613 shares of the bank’s stock valued at $190,000 after acquiring an additional 608 shares in the last quarter. MCF Advisors LLC lifted its position in shares of Huntington Bancshares by 12.6% in the 4th quarter. MCF Advisors LLC now owns 5,438 shares of the bank’s stock valued at $95,000 after acquiring an additional 609 shares in the last quarter. Vestor Capital LLC boosted its stake in Huntington Bancshares by 13.0% in the 1st quarter. Vestor Capital LLC now owns 5,636 shares of the bank’s stock worth $88,000 after purchasing an additional 648 shares during the period. Finally, Balboa Wealth Partners boosted its stake in Huntington Bancshares by 2.5% in the 1st quarter. Balboa Wealth Partners now owns 27,042 shares of the bank’s stock worth $423,000 after purchasing an additional 662 shares during the period. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Company Profile

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.