Royal Bank Of Canada Reiterates Outperform Rating for Huntington Bancshares (NASDAQ:HBAN)

Huntington Bancshares (NASDAQ:HBAN)‘s stock had its “outperform” rating reissued by equities researchers at Royal Bank Of Canada in a report released on Tuesday,Benzinga reports. They currently have a $21.00 target price on the bank’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 16.99% from the stock’s current price.

HBAN has been the subject of several other research reports. Wall Street Zen raised shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Robert W. Baird lifted 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. Jefferies Financial Group set a $18.00 price target on Huntington Bancshares in a report on Thursday, July 23rd. Piper Sandler raised shares of Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 price target on the stock in a research note on Thursday, April 23rd. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.24.

Huntington Bancshares Trading Up 0.2%

NASDAQ HBAN opened at $17.95 on Tuesday. Huntington Bancshares has a 12 month low of $14.89 and a 12 month high of $19.45. The stock has a 50-day simple moving average of $17.59 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 0.63. The company has a market capitalization of $36.27 billion, a PE ratio of 13.91, a P/E/G ratio of 0.85 and a beta of 0.94.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. The business had revenue of $2.86 billion for the quarter, compared to the consensus estimate 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. Research analysts forecast that Huntington Bancshares will post 1.61 EPS for the current year.

Insider Buying and Selling

In related news, EVP Marcy C. Hingst sold 10,568 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The stock was 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 represents a 3.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kendall A. Kowalski sold 27,971 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $17.20, for a total transaction 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have bought 22,000 shares of company stock worth $401,219 and have sold 262,061 shares worth $4,549,432. 0.67% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. MV Capital Management Inc. bought a new position in shares of Huntington Bancshares during the 4th quarter worth approximately $25,000. Palisade Asset Management LLC bought a new stake in Huntington Bancshares in the third quarter valued at $26,000. Centennial Bank AR acquired a new position in shares of Huntington Bancshares during the fourth quarter valued at about $28,000. Trust Co. of Vermont bought a new position in shares of Huntington Bancshares during the 2nd quarter worth about $29,000. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Huntington Bancshares in the 2nd quarter valued at about $31,000. 80.72% of the stock is owned by institutional investors.

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.