Huntington Bancshares (NASDAQ:HBAN) Price Target Raised to $20.00

Huntington Bancshares (NASDAQ:HBAN) had its price target raised by Stephens from $19.00 to $20.00 in a research note published on Thursday,MarketScreener reports. Stephens currently has an equal weight rating on the bank’s stock.

Several other equities analysts have also recently weighed in on the stock. Jefferies Financial Group raised their target price on shares of Huntington Bancshares from $20.00 to $22.00 and gave the company a “buy” rating in a research note on Friday. Citigroup increased their price target on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Truist Financial boosted their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. Evercore ISI started coverage on shares of Huntington Bancshares in a report on Tuesday, October 21st. They issued an “outperform” rating and a $18.00 target price on the stock. Finally, Cowen reiterated a “buy” rating on shares of Huntington Bancshares in a research note on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.92.

Huntington Bancshares Stock Performance

HBAN opened at $17.69 on Thursday. Huntington Bancshares has a 52-week low of $11.91 and a 52-week high of $18.03. The firm has a market capitalization of $25.82 billion, a PE ratio of 12.37, a PEG ratio of 0.66 and a beta of 0.96. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 0.92. The business’s 50-day simple moving average is $16.20 and its 200 day simple moving average is $16.62.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Monday, December 1st. The bank reported $0.67 earnings per share for the quarter. The firm had revenue of $580.00 million during the quarter. Huntington Bancshares had a return on equity of 12.14% and a net margin of 18.06%. As a group, sell-side analysts expect that Huntington Bancshares will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Thursday, December 18th. Huntington Bancshares’s payout ratio is currently 43.36%.

Insider Transactions at Huntington Bancshares

In other news, Director John C. Inglis acquired 6,506 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were purchased at an average cost of $15.30 per share, with a total value of $99,541.80. Following the acquisition, the director directly owned 89,831 shares in the company, valued at $1,374,414.30. This represents a 7.81% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Helga Houston sold 64,587 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $15.38, for a total value of $993,348.06. Following the transaction, the insider owned 534,640 shares in the company, valued at $8,222,763.20. The trade was a 10.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 87,863 shares of company stock worth $1,396,634 over the last three months. Company insiders own 0.89% of the company’s stock.

Hedge Funds Weigh In On Huntington Bancshares

Several institutional investors and hedge funds have recently modified their holdings of HBAN. Family Legacy Financial Solutions LLC acquired a new stake in Huntington Bancshares in the 2nd quarter worth about $25,000. MTM Investment Management LLC bought a new position in shares of Huntington Bancshares during the second quarter worth approximately $25,000. Palisade Asset Management LLC acquired a new stake in shares of Huntington Bancshares in the third quarter valued at approximately $26,000. South Plains Financial Inc. boosted its stake in shares of Huntington Bancshares by 116.3% in the third quarter. South Plains Financial Inc. now owns 1,536 shares of the bank’s stock valued at $27,000 after buying an additional 826 shares during the period. Finally, Quarry LP boosted its stake in shares of Huntington Bancshares by 73.0% in the first quarter. Quarry LP now owns 1,929 shares of the bank’s stock valued at $29,000 after buying an additional 814 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Key Huntington Bancshares News

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

• Positive Sentiment: Jefferies raised its price target to $22 (from $20) and keeps a “buy” rating — implying ~24.5% upside from the current price; this is the most bullish analyst action and likely the biggest near-term driver of demand. Jefferies adjusts price target to $22 TickerReport: Jefferies note
• Positive Sentiment: RBC raised its price target to $20 (from $19) and maintains an “outperform” rating — roughly ~13% upside; another credible bank upgrade supporting the move. Benzinga RBC raises price target to $20 The Fly: RBC note
• Positive Sentiment: Stephens lifted its target to $20 (from $19) and keeps an “equal weight” rating — another upward revision that consolidates analyst optimism around HBAN. Stephens raises price target to $20
• Positive Sentiment: Unusually large options activity — ~97,130 calls traded (≈2,098% above average) — suggests aggressive bullish positioning or hedging ahead of catalysts, which can amplify intraday moves. (source: trade data)
• Positive Sentiment: Earnings preview coverage indicates analysts expect a significant double‑digit jump in Q4 earnings; a strong print would validate upgrades and could push the stock higher. Barchart earnings preview
• Positive Sentiment: MarketBeat highlighted HBAN as a sub-$20 dividend stock (yield ~3.5%) with a consensus price target near $19.6, reinforcing interest from income-minded investors. MarketBeat dividend feature
• Neutral Sentiment: Head‑to‑head survey with United Bancorp was published; useful for peer comparisons but unlikely to be a major catalyst. American Banking News survey
• Neutral Sentiment: Capstone Partners’ middle‑market survey provides macro/context on business sentiment — relevant to regional banking exposure but not a direct HBAN-specific driver. PR Newswire: Capstone survey

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.