Huntington Bancshares (NASDAQ:HBAN) Stock Picked Up by Analysts at TD Cowen

Key Points

• TD Cowen initiated coverage of Huntington Bancshares with a “buy” rating and an $18 price target, implying roughly 18.9% upside from the stock’s $15.14 price. Analysts overall maintain a “Moderate Buy” consensus with an average target of $19.19.
• Huntington’s latest quarterly results were broadly in line with expectations, with EPS of $0.39 versus a $0.39 consensus and revenue of $2.86 billion exceeding estimates of $2.84 billion.
• Despite supportive analyst coverage and strong institutional ownership of 80.72%, the stock faces mixed signals: shares trade below their 50- and 200-day moving averages, an insider sold shares, and Zacks downgraded the stock to “Strong Sell.”

Stock analysts at TD Cowen started coverage on shares of Huntington Bancshares (NASDAQ:HBAN - Get Free Report) in a note issued to investors on Thursday, MarketBeat.com reports. The brokerage set a "buy" rating and a $18.00 price target on the bank's stock. TD Cowen's target price would indicate a potential upside of 18.86% from the company's current price.

HBAN has been the topic of a number of other research reports. Truist Financial dropped their target price on Huntington Bancshares from $20.00 to $19.00 and set a "buy" rating on the stock in a report on Wednesday, September 23rd. Keefe, Bruyette & Woods dropped their target price on Huntington Bancshares from $19.50 to $18.00 and set a "market perform" rating on the stock in a research report on Tuesday. Wells Fargo & Company cut their target price on Huntington Bancshares from $23.00 to $21.00 and set an "overweight" rating for the company in a research report on Wednesday, September 16th. UBS Group set a $18.00 price target on Huntington Bancshares in a research note on Tuesday. Finally, Bank of America reaffirmed a "neutral" rating and set a $18.50 price target (down from $20.00) on shares of Huntington Bancshares in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $19.19.

Huntington Bancshares Trading Down 0.2%

Huntington Bancshares stock traded down $0.03 during midday trading on Thursday, hitting $15.14. 794,796 shares of the stock were exchanged, compared to its average volume of 27,288,182. Huntington Bancshares has a fifty-two week low of $14.82 and a fifty-two week high of $19.45. The stock has a market capitalization of $30.60 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 0.93 and a beta of 0.95. The stock's 50-day simple moving average is $16.63 and its 200 day simple moving average is $16.67. 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 results on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.84 billion. 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. On average, equities analysts anticipate that Huntington Bancshares will post 1.55 EPS for the current year.

Insiders Place Their Bets

In other news, insider Kendall Kowalski sold 27,971 shares of the business's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $17.20, for a total transaction of $481,101.20. Following the transaction, the insider directly owned 70,025 shares in the company, valued at $1,204,430. The trade was a 28.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.67% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Values First Advisors Inc. increased its holdings in Huntington Bancshares by 3.0% during the 1st quarter. Values First Advisors Inc. now owns 20,564 shares of the bank's stock worth $322,000 after purchasing an additional 604 shares during the period. Henrickson Nauta Wealth Advisors Inc. lifted its holdings in Huntington Bancshares by 6.1% during the 2nd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 10,613 shares of the bank's stock worth $190,000 after buying an additional 608 shares during the last quarter. Vestor Capital LLC raised its stake in Huntington Bancshares by 13.0% during the 1st quarter. Vestor Capital LLC now owns 5,636 shares of the bank's stock valued at $88,000 after acquiring an additional 648 shares during the last quarter. Balboa Wealth Partners increased its stake in Huntington Bancshares by 2.5% in the 1st quarter. Balboa Wealth Partners now owns 27,042 shares of the bank's stock valued at $423,000 after purchasing an additional 662 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its holdings in Huntington Bancshares by 5.9% in the second quarter. Rehmann Capital Advisory Group now owns 12,151 shares of the bank's stock valued at $215,000 after buying an additional 679 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors.

Huntington Bancshares News Roundup

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

• Positive Sentiment: Huntington’s blockbuster acquisition and aggressive buyback program could improve capital efficiency and create room for dividend growth. However, the company’s quarterly payout has been frozen since late 2021, so any increase remains prospective rather than confirmed. Huntington Bancshares: Can A Midwest Regional Keep Raising Its Payout
• Neutral Sentiment: Brokerages maintain a consensus “Moderate Buy” rating, suggesting that some analysts view HBAN’s valuation and long-term prospects favorably despite recent concerns. A separate comparison with BV Financial provides additional peer context but no clear new catalyst for Huntington shares. Huntington Bancshares Receives Consensus Rating of Moderate Buy
• Negative Sentiment: Zacks Research downgraded Huntington Bancshares from “Hold” to “Strong Sell,” a significant deterioration in analyst sentiment and the clearest near-term pressure on the stock. Huntington Bancshares Stock Bumped Down to Strong Sell by Zacks Research
• Negative Sentiment: HBAN’s fair-value estimate edged lower following mixed analyst revisions, indicating that some market participants see less upside from current levels. Shares are also trading below their 50-day and 200-day moving averages, reinforcing the cautious technical backdrop. Huntington Bancshares Stock Fair Value Edges Lower After Mixed Analyst Revisions

About Huntington Bancshares

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides consumer, small-business and commercial banking services through branch offices, digital banking channels and automated teller machines.

The company offers deposit accounts, residential and commercial mortgages, home equity lending, auto loans, personal lending, credit cards and other consumer financial products. Its business banking operations provide lending, treasury management, payment processing and capital markets services, while its wealth management and insurance businesses serve individuals, families and institutions.

Founded in 1866, Huntington has developed a banking franchise across the Midwest, with a presence in states including Ohio, Michigan, Pennsylvania, Indiana, West Virginia, Kentucky, Illinois and Wisconsin.