DA Davidson Lowers Huntington Bancshares (NASDAQ:HBAN) Price Target to $20.00

Key Points

• DA Davidson lowered Huntington Bancshares’ price target from $22 to $20 while maintaining a “buy” rating, implying roughly 25.9% upside from the prior close.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $20.11.
• Huntington reported quarterly EPS of $0.39, in line with estimates, and revenue of $2.86 billion, slightly above expectations. The stock opened at $15.88, compared with a 12-month range of $14.89 to $19.45.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) had its price target decreased by research analysts at DA Davidson from $22.00 to $20.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the bank's stock. DA Davidson's price objective points to a potential upside of 25.94% from the stock's previous close.

Several other brokerages have also weighed in on HBAN. Royal Bank Of Canada reiterated an "outperform" rating and issued a $21.00 price objective on shares of Huntington Bancshares in a research report on Tuesday, August 18th. Weiss Ratings upgraded shares of Huntington Bancshares from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday, July 6th. Truist Financial lifted their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, July 28th. Jefferies Financial Group set a $18.00 target price on shares of Huntington Bancshares in a research note on Thursday, July 23rd. Finally, Stephens lowered their price target on Huntington Bancshares from $20.00 to $19.00 and set an "equal weight" rating for the company in a report on Friday, July 24th. One research analyst has 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. Based on data from MarketBeat.com, Huntington Bancshares currently has a consensus rating of "Moderate Buy" and an average target price of $20.11.

Huntington Bancshares Stock Performance

HBAN opened at $15.88 on Monday. The firm has a market capitalization of $32.08 billion, a PE ratio of 12.31, a PEG ratio of 0.91 and a beta of 0.92. Huntington Bancshares has a twelve month low of $14.89 and a twelve month high of $19.45. The firm's 50-day moving average price is $17.25 and its 200 day moving average price is $16.71. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, meeting analysts' consensus estimates of $0.39. The company had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.84 billion. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. During the same quarter in the prior year, the firm earned $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. As a group, sell-side analysts expect that Huntington Bancshares will post 1.53 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Kendall A. Kowalski sold 27,971 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $17.20, for a total value of $481,101.20. Following the sale, the insider directly owned 70,025 shares of the company's stock, valued at approximately $1,204,430. This represents a 28.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Marcy C. Hingst sold 10,568 shares of the firm's stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $18.00, for a total transaction of $190,224.00. Following the transaction, the executive vice president owned 267,859 shares of the company's stock, valued at $4,821,462. This trade represents a 3.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.67% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. MV Capital Management Inc. purchased a new position in Huntington Bancshares during the fourth quarter worth $25,000. Centennial Bank AR acquired a new stake in shares of Huntington Bancshares during the fourth quarter valued at $28,000. Trust Co. of Vermont purchased a new stake in Huntington Bancshares during the 2nd quarter worth about $29,000. Johnson Financial Group Inc. acquired a new position in Huntington Bancshares in the 2nd quarter valued at about $31,000. Finally, N.E.W. Advisory Services LLC purchased a new position in Huntington Bancshares in the 2nd quarter valued at about $35,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

About Huntington Bancshares

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides banking and financial services to consumers, businesses, institutions and government entities.

The company offers consumer and commercial deposit accounts, lending products, mortgage banking, wealth management, investment services, insurance, payment solutions and treasury management. Its lending activities include residential mortgages, auto loans, consumer credit, small-business financing and commercial loans.

Founded in 1866, Huntington serves customers through branches, digital banking channels and business offices across the Midwest and other selected markets.

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