Huntington Bancshares (NASDAQ:HBAN) Price Target Raised to $17.00 at Piper Sandler

Huntington Bancshares (NASDAQ:HBAN) had its price objective boosted by investment analysts at Piper Sandler from $16.00 to $17.00 in a research note issued to investors on Thursday,MarketScreener reports. The firm presently has an “underweight” rating on the bank’s stock. Piper Sandler’s price target would indicate a potential downside of 3.63% from the stock’s current price.

Several other brokerages have also recently weighed in on HBAN. JPMorgan Chase & Co. raised their target price on Huntington Bancshares from $18.00 to $18.50 and gave the company an “overweight” rating in a research note on Friday, October 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Huntington Bancshares in a research note on Wednesday, October 8th. Morgan Stanley raised their price objective on Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Deutsche Bank Aktiengesellschaft upped their target price on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a report on Tuesday, September 30th. Finally, Jefferies Financial Group boosted their price objective on Huntington Bancshares from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $20.11.

Huntington Bancshares Stock Performance

Shares of NASDAQ HBAN opened at $17.64 on Thursday. Huntington Bancshares has a 12-month low of $11.91 and a 12-month high of $18.91. The company has a market cap of $27.78 billion, a PE ratio of 12.34, a P/E/G ratio of 0.70 and a beta of 0.95. The stock has a 50 day simple moving average of $17.24 and a 200-day simple moving average of $16.88. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, January 22nd. The bank reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). Huntington Bancshares had a return on equity of 12.14% and a net margin of 18.06%.The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same quarter last year, the firm posted $0.34 EPS. On average, equities research analysts forecast that Huntington Bancshares will post 1.39 EPS for the current year.

Insider Activity at Huntington Bancshares

In other news, Director John C. Inglis acquired 6,506 shares of the company’s stock in a transaction dated Tuesday, November 4th. The stock was bought at an average price of $15.30 per share, with a total value of $99,541.80. Following the completion of the acquisition, the director owned 89,831 shares in the company, valued at approximately $1,374,414.30. This represents a 7.81% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Amit Dhingra sold 10,000 shares of the business’s stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $18.50, for a total value of $185,000.00. Following the completion of the transaction, the insider directly owned 155,634 shares in the company, valued at approximately $2,879,229. This represents a 6.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 97,863 shares of company stock worth $1,581,634. Insiders own 0.89% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. MTM Investment Management LLC bought a new position in Huntington Bancshares in the second quarter valued at about $25,000. Palisade Asset Management LLC acquired a new position in Huntington Bancshares in the third quarter valued at approximately $26,000. South Plains Financial Inc. grew its holdings in Huntington Bancshares by 116.3% during the 3rd quarter. South Plains Financial Inc. now owns 1,536 shares of the bank’s stock worth $27,000 after acquiring an additional 826 shares during the period. Accredited Wealth Management LLC lifted its stake in shares of Huntington Bancshares by 374.5% in the 3rd quarter. Accredited Wealth Management LLC now owns 1,675 shares of the bank’s stock valued at $29,000 after purchasing an additional 1,322 shares during the period. Finally, Grey Fox Wealth Advisors LLC bought a new position in Huntington Bancshares during the third quarter worth about $31,000. 80.72% of the stock is currently owned by institutional investors.

Key Huntington Bancshares News

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

• Positive Sentiment: Board reaffirmed capital return — Huntington declared an unchanged quarterly common dividend of $0.155 per share (payable Apr 1; record/ex-dividend Mar 18), supporting yield (~3.5%) and signaling capital stability. PR Newswire
• Positive Sentiment: Management highlighted growth and momentum on the Q4 call (accelerating organic growth, expanded margin, and good credit metrics), which supports the outlook for continued NII and franchise expansion (including Southern U.S. efforts). TipRanks Earnings Call Summary
• Positive Sentiment: Prominent market commentator Jim Cramer publicly praised Huntington, which can boost retail sentiment and trading interest. Yahoo Finance
• Neutral Sentiment: Analyst target trimmed — Keefe, Bruyette & Woods cut its target from $20 to $19.50 and kept a “market perform” rating; the new target still implies upside from current levels but reflects more cautious near-term expectations. Benzinga
• Neutral Sentiment: Full Q4 earnings call transcripts and summaries are available (MSN, Seeking Alpha, Yahoo) for investors who want detail on guidance, margin drivers, and credit trends. Useful for modelling near-term results and capital planning. MSN Transcript
• Negative Sentiment: Q4 missed consensus — reported EPS $0.37 vs. ~$0.40 consensus and revenue $2.19B vs. ~$2.21B; some outlets emphasize a year-over-year rise in expenses and credit provisions that pressured results and drove near-term share weakness. MarketBeat / Press Release
• Negative Sentiment: Market reaction: coverage notes the stock fell after the miss — investors are weighing the earnings shortfall and rising costs against positive NII and expansion plans, increasing near-term volatility. The Motley Fool

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.