Brokerages Set Huntington Bancshares Incorporated (NASDAQ:HBAN) PT at $20.20

Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) have received an average recommendation of “Moderate Buy” from the twenty-three research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $20.1136.

Several research analysts have commented on the company. Weiss Ratings upgraded Huntington Bancshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, July 6th. Piper Sandler upgraded Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 target price for the company in a report on Thursday, April 23rd. Robert W. Baird upped their target price on Huntington Bancshares from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. JPMorgan Chase & Co. increased their price target on Huntington Bancshares from $18.50 to $19.50 and gave the stock an “overweight” rating in a research report on Monday, July 6th. Finally, 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 note on Tuesday, July 7th.

Insider Activity

In related news, Director James D. Rollins III sold 223,522 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $17.35, for a total value of $3,878,106.70. Following the completion of the transaction, the director owned 612,155 shares of the company’s stock, valued at $10,620,889.25. The trade was a 26.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Marcy C. Hingst sold 10,568 shares of the stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $18.00, for a total value of $190,224.00. Following the sale, the executive vice president directly owned 267,859 shares in the company, valued at $4,821,462. This trade represents a 3.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders bought 22,000 shares of company stock valued at $401,219. Company insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On Huntington Bancshares

Institutional investors have recently added to or reduced their stakes in the stock. MV Capital Management Inc. purchased a new stake in shares of Huntington Bancshares during the fourth quarter valued at about $25,000. Palisade Asset Management LLC bought a new position in shares of Huntington Bancshares during the 3rd quarter worth approximately $26,000. Centennial Bank AR bought a new position in shares of Huntington Bancshares during the 4th quarter worth approximately $28,000. Johnson Financial Group Inc. lifted its position in Huntington Bancshares by 48.8% during the first quarter. Johnson Financial Group Inc. now owns 2,157 shares of the bank’s stock valued at $34,000 after acquiring an additional 707 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its stake in Huntington Bancshares by 80.7% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,226 shares of the bank’s stock valued at $35,000 after acquiring an additional 994 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares Price Performance

Huntington Bancshares stock opened at $17.30 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.92 and a quick ratio of 0.91. The stock has a market cap of $35.07 billion, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 0.79 and a beta of 0.93. The firm has a 50-day moving average of $17.19 and a two-hundred day moving average of $16.91. Huntington Bancshares has a 1 year low of $14.89 and a 1 year high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.84 billion. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. During the same period last year, the company posted $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. On average, research analysts forecast that Huntington Bancshares will post 1.6 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

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 issued a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.6%. The ex-dividend date is Thursday, September 17th. Huntington Bancshares’s dividend payout ratio is presently 48.06%.

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.