Keefe, Bruyette & Woods Has Lowered Expectations for Huntington Bancshares (NASDAQ:HBAN) Stock Price

Huntington Bancshares (NASDAQ:HBAN) had its target price cut by equities research analysts at Keefe, Bruyette & Woods from $20.00 to $19.50 in a research report issued on Friday,Benzinga reports. The firm currently has a “market perform” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 12.23% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the company. TD Cowen boosted their price objective on Huntington Bancshares from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Raymond James Financial reissued a “strong-buy” rating and issued a $20.00 price target (down previously from $21.00) on shares of Huntington Bancshares in a research report on Monday, October 20th. Weiss Ratings restated a “buy (b-)” rating on shares of Huntington Bancshares in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Finally, DA Davidson reissued a “buy” rating and set a $21.00 target price on shares of Huntington Bancshares in a report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.05.

Huntington Bancshares Trading Down 1.5%

NASDAQ:HBAN opened at $17.38 on Friday. Huntington Bancshares has a 12 month low of $11.91 and a 12 month high of $18.91. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.80. The firm’s 50 day moving average is $17.28 and its 200 day moving average is $16.88. The stock has a market capitalization of $27.36 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 0.65 and a beta of 0.95.

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

Insider Activity

In related news, Director John C. Inglis purchased 6,506 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were purchased at an average price of $15.30 per share, with a total value of $99,541.80. Following the acquisition, the director directly 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kendall A. Kowalski sold 2,481 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $17.80, for a total value of $44,161.80. Following the sale, the insider owned 71,566 shares in the company, valued at $1,273,874.80. The trade was a 3.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 97,863 shares of company stock worth $1,581,634. Company insiders own 0.89% of the company’s stock.

Institutional Trading of Huntington Bancshares

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Huntington Bancshares during the 2nd quarter valued at approximately $374,474,000. Junto Capital Management LP bought a new stake in Huntington Bancshares in the third quarter worth $85,690,000. Victory Capital Management Inc. boosted its stake in Huntington Bancshares by 15.7% during the third quarter. Victory Capital Management Inc. now owns 34,230,988 shares of the bank’s stock worth $594,054,000 after buying an additional 4,640,302 shares during the period. Fisher Asset Management LLC increased its position in Huntington Bancshares by 1,700.0% during the second quarter. Fisher Asset Management LLC now owns 3,351,087 shares of the bank’s stock valued at $56,164,000 after acquiring an additional 3,164,915 shares during the last quarter. Finally, Squarepoint Ops LLC increased its position in Huntington Bancshares by 48.0% during the third quarter. Squarepoint Ops LLC now owns 9,676,829 shares of the bank’s stock valued at $167,119,000 after acquiring an additional 3,138,669 shares during the last quarter. 80.72% of the stock is owned by institutional investors.

More 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.