Jefferies Financial Group Has Lowered Expectations for Huntington Bancshares (NASDAQ:HBAN) Stock Price

Huntington Bancshares (NASDAQ:HBAN) had its price target dropped by research analysts at Jefferies Financial Group from $18.00 to $17.00 in a research note issued on Thursday. The brokerage currently has a “hold” rating on the bank’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 10.43% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley restated an “equal weight” rating and issued a $19.00 target price (down from $21.00) on shares of Huntington Bancshares in a report on Friday, July 24th. Wells Fargo & Company decreased their price target on shares of Huntington Bancshares from $23.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday, September 16th. Stephens lowered 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 note on Friday, July 24th. Truist Financial dropped their price objective on Huntington Bancshares from $20.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on Huntington Bancshares from $18.50 to $19.50 and gave the stock an “overweight” rating in a research report on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.84.

Huntington Bancshares Trading Up 0.1%

Shares of HBAN opened at $15.39 on Thursday. Huntington Bancshares has a fifty-two week low of $14.89 and a fifty-two week high of $19.45. The company has a market capitalization of $31.10 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 0.90 and a beta of 0.92. The stock has a fifty day moving average of $17.11 and a two-hundred day moving average of $16.69. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 0.92.

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

Insider Activity

In other news, insider Kendall Kowalski sold 27,971 shares of the 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 sale, the insider owned 70,025 shares of the company’s stock, valued at $1,204,430. This represents a 28.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.67% of the stock is owned by insiders.

Institutional Trading of Huntington Bancshares

A number of institutional investors have recently added to or reduced their stakes in the business. Values First Advisors Inc. grew its stake in shares of Huntington Bancshares by 3.0% during the 1st 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 second quarter. Henrickson Nauta Wealth Advisors Inc. now owns 10,613 shares of the bank’s stock worth $190,000 after purchasing an additional 608 shares in the last quarter. MCF Advisors LLC boosted its holdings in Huntington Bancshares by 12.6% during the fourth quarter. MCF Advisors LLC now owns 5,438 shares of the bank’s stock worth $95,000 after purchasing an additional 609 shares during the last quarter. Vestor Capital LLC grew its position in Huntington Bancshares by 13.0% in the first quarter. Vestor Capital LLC now owns 5,636 shares of the bank’s stock valued at $88,000 after purchasing an additional 648 shares in the last quarter. Finally, Balboa Wealth Partners increased 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 valued at $423,000 after buying an additional 662 shares during the last quarter. 80.72% of the stock is owned by hedge funds and other institutional investors.

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.