Huntington Bancshares' (HBAN) "Outperform" Rating Reiterated at Royal Bank Of Canada

Key Points

• Royal Bank of Canada reiterated an “outperform” rating on Huntington Bancshares and maintained a $21 price target, implying approximately 17% upside from the reported $17.95 share price.
• Analyst sentiment remains favorable overall, with a “Moderate Buy” consensus rating and an average price target of $20.24, despite some firms lowering their targets.
• Huntington met quarterly earnings expectations at $0.39 per share and slightly exceeded revenue estimates, while insiders have sold substantially more shares than they purchased over the past three months.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report)'s stock had its "outperform" rating reiterated by Royal Bank Of Canada in a research note issued to investors on Tuesday,Benzinga reports. They currently have a $21.00 price objective on the bank's stock. Royal Bank Of Canada's target price would suggest a potential upside of 16.99% from the company's current price.

Several other equities analysts have also recently commented on HBAN. Morgan Stanley reiterated an "equal weight" rating and set a $19.00 target price (down from $21.00) on shares of Huntington Bancshares in a research note on Friday, July 24th. Bank of America reaffirmed a "neutral" rating and set a $18.50 target price (down from $20.00) on shares of Huntington Bancshares in a report on Monday, July 27th. Jefferies Financial Group set a $18.00 price objective on shares of Huntington Bancshares in a report on Thursday, July 23rd. Evercore restated an "outperform" rating and issued a $21.00 price target on shares of Huntington Bancshares in a research report on Monday, July 6th. Finally, Piper Sandler raised Huntington Bancshares from a "strong sell" rating to a "hold" rating and set a $18.00 target price for the company in a report on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $20.24.

Huntington Bancshares Stock Performance

NASDAQ HBAN opened at $17.95 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.63. Huntington Bancshares has a fifty-two week low of $14.89 and a fifty-two week high of $19.45. The business has a fifty day moving average of $17.59 and a 200-day moving average of $16.88. The stock has a market cap of $36.27 billion, a price-to-earnings ratio of 13.91, a price-to-earnings-growth ratio of 0.85 and a beta of 0.94.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, meeting analysts' consensus estimates of $0.39. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates 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 previous year, the business posted $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. As a group, analysts predict that Huntington Bancshares will post 1.61 earnings per share for the current fiscal year.

Insider Transactions at Huntington Bancshares

In other news, Director James D. Rollins III sold 223,522 shares of the company's stock in a transaction on Friday, June 12th. The shares were sold at an average price of $17.35, for a total value of $3,878,106.70. Following the transaction, the director directly owned 612,155 shares of the company's stock, valued at approximately $10,620,889.25. This represents a 26.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Marcy C. Hingst sold 10,568 shares of the firm's stock in a transaction on 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 in the company, valued at $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. Over the last three months, insiders purchased 22,000 shares of company stock valued at $401,219 and sold 262,061 shares valued at $4,549,432. 0.67% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HBAN. First Bancorp Inc ME bought a new stake in Huntington Bancshares during the 2nd quarter worth approximately $389,000. MV Capital Management Inc. acquired a new stake in shares of Huntington Bancshares in the fourth quarter valued at approximately $25,000. Palisade Asset Management LLC bought a new position in Huntington Bancshares in the 3rd quarter worth approximately $26,000. Centennial Bank AR acquired a new position in Huntington Bancshares during the 4th quarter worth $28,000. Finally, Trust Co. of Vermont acquired a new position in Huntington Bancshares during the 2nd quarter worth $29,000. 80.72% of the stock is owned by institutional investors.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated NASDAQ: HBAN is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company's operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington's product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.

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