Huntington Bancshares (NASDAQ:HBAN) Price Target Cut to $17.00 by Analysts at Jefferies Financial Group

Key Points

• Jefferies cut Huntington Bancshares’ price target from $18 to $17 and maintained a “hold” rating, implying roughly 10.4% upside from the prior close.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $19.84, despite several recent target reductions.
• Huntington reported quarterly EPS of $0.39, in line with estimates, while revenue of $2.86 billion exceeded expectations; the stock opened at $15.39 and has traded between $14.89 and $19.45 over the past year.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) had its price target reduced by research analysts at Jefferies Financial Group from $18.00 to $17.00 in a research note issued to investors on Thursday. The firm currently has a "hold" rating on the bank's stock. Jefferies Financial Group's target price points to a potential upside of 10.43% from the stock's previous close.

HBAN has been the subject of a number of other research reports. DA Davidson reduced their price objective on shares of Huntington Bancshares from $22.00 to $20.00 and set a "buy" rating for the company in a research report on Monday. UBS Group boosted their target price on Huntington Bancshares from $21.00 to $22.00 and gave the stock a "buy" rating in a research report on Tuesday, July 7th. Bank of America reissued a "neutral" rating and issued a $18.50 price target (down from $20.00) on shares of Huntington Bancshares in a report on Monday, July 27th. Truist Financial dropped their price objective on Huntington Bancshares from $20.00 to $19.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, Wells Fargo & Company reduced their target price on Huntington Bancshares from $23.00 to $21.00 and set an "overweight" rating for the company in a report on Wednesday, September 16th. 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 given a Sell rating to the stock. Based on data from MarketBeat.com, Huntington Bancshares presently has a consensus rating of "Moderate Buy" and an average price target of $19.84.

Huntington Bancshares Trading Up 0.1%

NASDAQ:HBAN opened at $15.39 on Thursday. Huntington Bancshares has a 12-month low of $14.89 and a 12-month high of $19.45. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63. The stock's 50 day simple moving average is $17.11 and its 200-day simple moving average is $16.69. The firm has a market cap of $31.10 billion, a P/E ratio of 11.94, a PEG ratio of 0.90 and a beta of 0.92.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 earnings per share (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 company had revenue of $2.86 billion for the quarter, compared to analysts' expectations of $2.84 billion. During the same period in the previous year, the company posted $0.34 EPS. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Equities analysts anticipate that Huntington Bancshares will post 1.53 EPS for the current year.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, insider Kendall Kowalski sold 27,971 shares of the business's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $17.20, for a total transaction of $481,101.20. Following the sale, the insider directly owned 70,025 shares in the company, valued at approximately $1,204,430. The trade was a 28.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.67% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. MV Capital Management Inc. purchased a new position in Huntington Bancshares during the 4th quarter valued at about $25,000. Centennial Bank AR acquired a new stake in shares of Huntington Bancshares in the fourth quarter valued at approximately $28,000. Trust Co. of Vermont purchased a new position in shares of Huntington Bancshares during the 2nd quarter worth approximately $29,000. Johnson Financial Group Inc. acquired a new position in shares of Huntington Bancshares during the 2nd quarter worth approximately $31,000. Finally, Annis Gardner Whiting Capital Advisors LLC increased its position in Huntington Bancshares by 80.7% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 2,226 shares of the bank's stock worth $35,000 after buying an additional 994 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company's stock.

Huntington Bancshares Company Profile

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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