Huntington Bancshares Incorporated (NASDAQ:HBAN) Stock Has Average Target Price of $19.43 According to Analysts

Key Points

• Analyst sentiment is moderately bullish: Twenty-two analysts give Huntington Bancshares an average “Moderate Buy” rating, with an average 12-month price target of $19.43 versus the stock’s $15.33 opening price.
• Institutional ownership is substantial: Institutional investors and hedge funds own 80.72% of HBAN shares, while recent activity included major stake increases by Victory Capital, Dimensional Fund Advisors and Amundi.
• The bank maintains a 4% dividend yield: Huntington pays a quarterly dividend of $0.155 per share, or $0.62 annualized, with a payout ratio of 48.06%; its latest quarter met EPS expectations at $0.39 and slightly exceeded revenue estimates.

Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Get Free Report) have earned an average recommendation of "Moderate Buy" from the twenty-two ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, thirteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $19.43.

A number of analysts recently issued reports on HBAN shares. Wells Fargo & Company lowered their price target on shares of Huntington Bancshares from $23.00 to $21.00 and set an "overweight" rating on the stock in a report on Wednesday, September 16th. Robert W. Baird lifted their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Friday, July 24th. JPMorgan Chase & Co. decreased their price objective on shares of Huntington Bancshares from $19.50 to $17.50 and set an "overweight" rating for the company in a research report on Friday, October 2nd. Stephens dropped their target price on Huntington Bancshares from $19.00 to $18.00 in a research report on Tuesday, September 22nd. Finally, UBS Group set a $18.00 price target on Huntington Bancshares in a report on Tuesday.

Insider Activity

In other news, insider Kendall Kowalski sold 27,971 shares of the 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.67% of the stock is owned by company insiders.

Hedge Funds Weigh In On Huntington Bancshares

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Huntington Bancshares in the second quarter valued at about $3,134,426,000. Victory Capital Management Inc. raised its position in shares of Huntington Bancshares by 9.3% during the 4th quarter. Victory Capital Management Inc. now owns 37,412,989 shares of the bank's stock worth $649,115,000 after purchasing an additional 3,182,001 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Huntington Bancshares by 27.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 23,480,601 shares of the bank's stock worth $367,388,000 after purchasing an additional 5,026,894 shares during the last quarter. Amundi lifted its stake in Huntington Bancshares by 30.7% in the 1st quarter. Amundi now owns 19,502,547 shares of the bank's stock valued at $305,215,000 after buying an additional 4,578,566 shares in the last quarter. Finally, Bank of America Corp DE purchased a new position in Huntington Bancshares in the 2nd quarter valued at about $256,772,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Stock Up 0.3%

Shares of HBAN stock opened at $15.33 on Wednesday. The stock has a 50 day moving average of $16.66 and a 200 day moving average of $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. The stock has a market cap of $30.97 billion, a P/E ratio of 11.88, a P/E/G ratio of 0.93 and a beta of 0.95. Huntington Bancshares has a twelve month low of $14.82 and a twelve month high of $19.45.

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, hitting the consensus estimate of $0.39. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.84 billion. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.During the same quarter in the prior year, the firm posted $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 1.55 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Thursday, September 17th were paid a dividend of $0.1550 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Thursday, September 17th. Huntington Bancshares's dividend payout ratio is presently 48.06%.

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 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.

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