Wells Fargo & Company Cuts Huntington Bancshares (NASDAQ:HBAN) Price Target to $21.00

Key Points

• Wells Fargo lowered its Huntington Bancshares price target to $21 from $23 while maintaining an “overweight” rating, implying about 29% upside from the prior close.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and average price target of $20.15, despite mixed revisions from other firms.
• HBAN shares fell 2.9% to $16.27; the bank recently met quarterly EPS expectations at $0.39 and reported $2.86 billion in revenue, while insiders sold shares and institutional investors owned 80.72% of the stock.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) had its price target lowered by equities research analysts at Wells Fargo & Company from $23.00 to $21.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an "overweight" rating on the bank's stock. Wells Fargo & Company's price target would indicate a potential upside of 29.11% from the stock's previous close.

Several other equities analysts have also recently commented on HBAN. Weiss Ratings raised shares of Huntington Bancshares from a "buy (b-)" rating to a "buy (b)" rating in a research report on Monday, July 6th. Stephens cut their price target on Huntington Bancshares from $20.00 to $19.00 and set an "equal weight" rating on the stock in a report on Friday, July 24th. Robert W. Baird lifted their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Friday, July 24th. Bank of America reissued a "neutral" rating and set a $18.50 price objective (down from $20.00) on shares of Huntington Bancshares in a research report on Monday, July 27th. Finally, UBS Group upped their target price on shares of Huntington Bancshares from $21.00 to $22.00 and gave the stock a "buy" rating in a research note on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Huntington Bancshares presently has an average rating of "Moderate Buy" and an average target price of $20.15.

Huntington Bancshares Trading Down 2.9%

Shares of HBAN stock traded down $0.48 on Wednesday, hitting $16.27. The stock had a trading volume of 35,826,110 shares, compared to its average volume of 26,831,186. The company's 50 day moving average price is $17.36 and its 200-day moving average price is $16.74. Huntington Bancshares has a 1 year low of $14.89 and a 1 year high of $19.45. The firm has a market capitalization of $32.86 billion, a P/E ratio of 12.59, a P/E/G ratio of 0.91 and a beta of 0.92. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.92 and a quick ratio of 0.91.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. The business had revenue of $2.86 billion for the quarter, compared to analysts' expectations 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 company earned $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Analysts anticipate that Huntington Bancshares will post 1.61 earnings per share for the current year.

Insider Activity

In related news, insider Kendall Kowalski sold 27,971 shares of the firm's stock in a transaction that occurred 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 transaction, the insider owned 70,025 shares in the company, valued at $1,204,430. This trade represents a 28.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Marcy Hingst sold 10,568 shares of the business's stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $18.00, for a total value of $190,224.00. Following the completion of the sale, the executive vice president owned 267,859 shares of the company's stock, valued at approximately $4,821,462. This represents a 3.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.67% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Huntington Bancshares

Several hedge funds have recently made changes to their positions in the business. MV Capital Management Inc. acquired a new stake in shares of Huntington Bancshares in the 4th quarter worth $25,000. Centennial Bank AR purchased a new position in shares of Huntington Bancshares in the 4th quarter valued at about $28,000. Trust Co. of Vermont purchased a new position in shares of Huntington Bancshares in the 2nd quarter valued at about $29,000. Johnson Financial Group Inc. purchased a new stake in Huntington Bancshares during the second quarter worth about $31,000. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its holdings 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 News Roundup

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

• Neutral Sentiment: Huntington presented at the Barclays 24th Annual Global Financial Services Conference, giving investors additional insight into its strategy and outlook. Huntington Bancshares Barclays conference presentation
• Neutral Sentiment: The stock was described as heading into the latest session after a flat close, before the earnings-guidance revisions became the focus. Huntington Bancshares stock heads into the open
• Negative Sentiment: Huntington lowered its fiscal 2026 EPS guidance to $1.52–$1.54, below the $1.60 analyst consensus. The cut signals that expected profitability is weaker than previously anticipated. Huntington Bancshares shares fall after guidance cut
• Negative Sentiment: The company also forecast fiscal 2027 EPS of $1.75–$1.83, below the $1.88 consensus estimate. The below-consensus outlook may weigh on valuation and analyst expectations for future earnings. Huntington Bancshares revises 2027 adjusted earnings outlook
• Negative Sentiment: Traders bought 6,134 HBAN put options, more than double the average daily volume of 2,910. Although options activity is not definitive, the surge suggests increased hedging or bearish speculation.

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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