Huntington Bancshares (NASDAQ:HBAN) Price Target Raised to $21.00

Huntington Bancshares (NASDAQ:HBAN) had its price objective lifted by Raymond James Financial from $20.00 to $21.00 in a report issued on Friday morning,MarketScreener reports. The firm currently has a strong-buy rating on the bank’s stock.

A number of other research firms have also issued reports on HBAN. Keefe, Bruyette & Woods reduced their target price on shares of Huntington Bancshares from $20.00 to $19.50 and set a “market perform” rating for the company in a research note on Friday. DA Davidson reaffirmed a “buy” rating and set a $21.00 price target on shares of Huntington Bancshares in a report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft boosted their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. JPMorgan Chase & Co. raised their target price on Huntington Bancshares from $18.00 to $18.50 and gave the company an “overweight” rating in a research report on Friday, October 10th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Huntington Bancshares in a research report on Thursday. Two 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 given a Sell rating to the company’s stock. According to MarketBeat.com, Huntington Bancshares presently has an average rating of “Moderate Buy” and a consensus target price of $20.05.

Huntington Bancshares Trading Down 1.5%

NASDAQ:HBAN opened at $17.38 on Friday. The firm has a market capitalization of $27.36 billion, a P/E ratio of 12.50, a P/E/G ratio of 0.65 and a beta of 0.95. The business has a 50 day simple moving average of $17.28 and a 200 day simple moving average of $16.87. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.93 and a quick ratio of 0.92. Huntington Bancshares has a 12-month low of $11.91 and a 12-month high of $18.91.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results 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 return on equity of 11.98% and a net margin of 17.71%.The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.21 billion. During the same period in the prior year, the business earned $0.34 earnings per share. Equities research analysts predict that Huntington Bancshares will post 1.39 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be given a $0.155 dividend. The ex-dividend date is Wednesday, March 18th. This represents a $0.62 annualized dividend and a yield of 3.6%. Huntington Bancshares’s payout ratio is 44.60%.

Insider Buying and Selling

In other news, insider Amit Dhingra sold 10,000 shares of the firm’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $18.50, for a total transaction of $185,000.00. Following the completion of the transaction, the insider owned 155,634 shares in the company, valued at approximately $2,879,229. This trade represents a 6.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Kendall A. Kowalski sold 2,481 shares of Huntington Bancshares stock in a transaction that occurred 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 position. The SEC filing for this sale provides additional information. Insiders sold 97,863 shares of company stock worth $1,581,634 in the last ninety days. Insiders own 0.89% of the company’s stock.

Institutional Investors Weigh In On Huntington Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of HBAN. MTM Investment Management LLC acquired a new position in shares of Huntington Bancshares in the 2nd quarter valued at about $25,000. Palisade Asset Management LLC purchased a new position in Huntington Bancshares during the third quarter valued at approximately $26,000. South Plains Financial Inc. increased its stake in Huntington Bancshares by 116.3% in the 3rd 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. Accredited Wealth Management LLC lifted its position in Huntington Bancshares by 374.5% in the 3rd quarter. Accredited Wealth Management LLC now owns 1,675 shares of the bank’s stock worth $29,000 after buying an additional 1,322 shares in the last quarter. Finally, Grey Fox Wealth Advisors LLC acquired a new stake in shares of Huntington Bancshares during the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Trending Headlines about Huntington Bancshares

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

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.