Raymond James Financial Issues Positive Forecast for Huntington Bancshares (NASDAQ:HBAN) Stock Price

Huntington Bancshares (NASDAQ:HBAN) had its price target increased by equities researchers at Raymond James Financial from $20.00 to $21.00 in a research note issued on Friday,MarketScreener reports. The firm presently has a “strong-buy” rating on the bank’s stock. Raymond James Financial’s price objective points to a potential upside of 20.86% from the company’s previous close.

HBAN has been the topic of a number of other research reports. Wall Street Zen cut Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Piper Sandler boosted their target price on Huntington Bancshares from $16.00 to $17.00 and gave the stock an “underweight” rating in a research report on Thursday. Royal Bank Of Canada restated an “outperform” rating and set a $21.00 target price on shares of Huntington Bancshares in a research report on Monday, January 12th. TD Cowen boosted their target price on shares of Huntington Bancshares from $22.00 to $23.00 and gave the company a “buy” rating in a report on Tuesday, October 28th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Huntington Bancshares from $18.00 to $18.50 and gave the company an “overweight” rating in a research note on Friday, October 10th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Huntington Bancshares currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.05.

Huntington Bancshares Price Performance

Shares of Huntington Bancshares stock opened at $17.38 on Friday. Huntington Bancshares has a twelve month low of $11.91 and a twelve month high of $18.91. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 0.80. The firm has a market cap of $27.36 billion, a PE ratio of 12.50, a P/E/G ratio of 0.66 and a beta of 0.95. The business has a 50-day moving average price of $17.28 and a 200 day moving average price of $16.88.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, January 22nd. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.03). Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.21 billion. During the same period last year, the firm posted $0.34 earnings per share. Sell-side analysts predict that Huntington Bancshares will post 1.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Huntington Bancshares

In other Huntington Bancshares news, insider Kendall A. Kowalski sold 2,481 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $17.80, for a total transaction of $44,161.80. Following the completion of the transaction, the insider directly owned 71,566 shares in the company, valued at $1,273,874.80. This represents a 3.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John C. Inglis purchased 6,506 shares of Huntington Bancshares stock in a transaction on Tuesday, November 4th. The stock was purchased at an average price of $15.30 per share, for a total transaction of $99,541.80. Following the completion of the transaction, the director owned 89,831 shares of the company’s stock, valued at approximately $1,374,414.30. This represents a 7.81% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold 97,863 shares of company stock worth $1,581,634 over the last quarter. Insiders own 0.89% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC raised its stake in Huntington Bancshares by 26.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 167,515 shares of the bank’s stock worth $2,808,000 after buying an additional 35,014 shares during the period. FineMark National Bank & Trust raised its holdings in Huntington Bancshares by 59.2% during the second quarter. FineMark National Bank & Trust now owns 175,144 shares of the bank’s stock worth $2,935,000 after acquiring an additional 65,144 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Huntington Bancshares in the 3rd quarter valued at $3,746,000. Commerzbank Aktiengesellschaft FI grew its stake in shares of Huntington Bancshares by 43.4% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 94,979 shares of the bank’s stock worth $1,592,000 after buying an additional 28,739 shares during the last quarter. Finally, Shoker Investment Counsel Inc. grew its stake in Huntington Bancshares by 1,706.3% during the second quarter. Shoker Investment Counsel Inc. now owns 200,566 shares of the bank’s stock worth $3,361,000 after purchasing an additional 189,462 shares during the period. Institutional investors own 80.72% of the company’s stock.

Key Huntington Bancshares News

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

• Positive Sentiment: Board keeps quarterly common dividend at $0.155 (annualized yield ~3.5%), signaling capital stability and supporting income investors. PR Newswire: Dividend Declaration
• Positive Sentiment: Morgan Stanley cut its price target to $21 but kept an “overweight” rating — implying ~21% upside from current levels and institutional confidence in longer-term upside. TickerReport: Morgan Stanley PT
• Positive Sentiment: Management emphasizes continued organic and digital growth, including opening branches nearly every two weeks as part of expansion into the South — a growth narrative that can support revenue/margin expansion over time. Fortune: Growth Strategy
• Positive Sentiment: Media and commentator support (e.g., Jim Cramer) highlights confidence in the franchise and long-term prospects, which can help sentiment among retail investors. Yahoo Finance: Jim Cramer
• Neutral Sentiment: Huntington is preparing a debt offering ahead of the Cadence Bank merger — a routine financing step for M&A but one to watch for size/terms that could affect leverage and funding cost. TipRanks: Debt Offering
• Neutral Sentiment: Keefe, Bruyette & Woods trimmed its price target to $19.50 and moved to “market perform” — a modest adjustment that still implies upside but signals more cautious expectations. Benzinga: KBW PT
• Negative Sentiment: Q4 results missed consensus: reported $0.37 EPS vs. ~$0.40 expected, revenue slightly below estimates, and a notable year-over-year rise in expenses/credit provisions — the primary catalyst for intraday weakness. MarketBeat: Q4 Results
• Negative Sentiment: Piper Sandler raised its target to $17 but kept an “underweight” rating, and that stance plus the earnings miss reinforces bearish analyst positioning for near-term performance. MarketScreener: Piper Sandler PT

Huntington Bancshares Company Profile

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.