Huntington Bancshares (NASDAQ:HBAN) Price Target Cut to $20.00 by Analysts at Morgan Stanley

Key Points

• Morgan Stanley cut its price target on Huntington Bancshares to $20 (from $21) but kept an "overweight" rating, implying roughly a 20.7% upside from the current share price of $16.58.
• Other analysts have trimmed targets as well, yet the MarketBeat average target sits near $20.13 and the consensus rating is a "Moderate Buy".
• Huntington beat Q1 estimates with adjusted EPS of $0.37 (vs. $0.16 expected) and $2.59B revenue, and the board maintained a quarterly dividend of $0.155 (about a 3.7% yield).

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) had its target price lowered by research analysts at Morgan Stanley from $21.00 to $20.00 in a research report issued on Friday,MarketScreener reports. The firm currently has an "overweight" rating on the bank's stock. Morgan Stanley's target price would indicate a potential upside of 20.66% from the company's current price.

Other analysts also recently issued research reports about the stock. Truist Financial decreased their target price on shares of Huntington Bancshares from $21.00 to $19.00 and set a "buy" rating for the company in a research report on Friday, March 13th. Weiss Ratings reissued a "buy (b-)" rating on shares of Huntington Bancshares in a research report on Thursday, January 22nd. Jefferies Financial Group decreased their target price on shares of Huntington Bancshares from $22.00 to $21.00 and set a "buy" rating for the company in a research report on Thursday, March 5th. Keefe, Bruyette & Woods decreased their target price on shares of Huntington Bancshares from $20.00 to $19.50 and set a "market perform" rating for the company in a research report on Friday, January 23rd. Finally, The Goldman Sachs Group decreased their target price on shares of Huntington Bancshares from $21.00 to $20.00 and set a "buy" rating for the company in a research report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $20.13.

Huntington Bancshares Trading Down 1.5%

Shares of HBAN stock traded down $0.26 on Friday, hitting $16.58. The company had a trading volume of 777,610 shares, compared to its average volume of 31,802,746. Huntington Bancshares has a twelve month low of $14.19 and a twelve month high of $19.45. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.92 and a current ratio of 0.93. The firm has a market cap of $33.77 billion, a P/E ratio of 11.96, a P/E/G ratio of 0.72 and a beta of 0.95. The stock's 50-day moving average is $16.33 and its two-hundred day moving average is $16.72.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The bank reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.21. Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.The company had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the previous year, the firm earned $0.34 earnings per share. On average, equities research analysts anticipate that Huntington Bancshares will post 1.61 earnings per share for the current fiscal year.

Insider Activity at Huntington Bancshares

In other news, VP Scott D. Kleinman sold 65,530 shares of the firm's stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $15.28, for a total transaction of $1,001,298.40. Following the completion of the sale, the vice president owned 481,676 shares of the company's stock, valued at $7,360,009.28. This trade represents a 11.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Gary Torgow acquired 14,200 shares of Huntington Bancshares stock in a transaction dated Thursday, February 19th. The shares were bought at an average cost of $17.81 per share, with a total value of $252,902.00. Following the transaction, the director owned 943,341 shares in the company, valued at approximately $16,800,903.21. This trade represents a 1.53% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have acquired 27,700 shares of company stock worth $540,401 and have sold 98,986 shares worth $1,600,958. Corporate insiders own 0.67% of the company's stock.

Institutional Trading of Huntington Bancshares

Large investors have recently modified their holdings of the stock. MV Capital Management Inc. acquired a new stake in shares of Huntington Bancshares during the 4th quarter worth approximately $25,000. Palisade Asset Management LLC bought a new position in shares of Huntington Bancshares in the 3rd quarter worth $26,000. South Plains Financial Inc. lifted its holdings in shares of Huntington Bancshares by 116.3% in the 3rd quarter. South Plains Financial Inc. now owns 1,536 shares of the bank's stock worth $27,000 after purchasing an additional 826 shares in the last quarter. Centennial Bank AR bought a new position in shares of Huntington Bancshares in the 4th quarter worth $28,000. Finally, Accredited Wealth Management LLC lifted its holdings in shares of Huntington Bancshares by 374.5% in the 3rd quarter. Accredited Wealth Management LLC now owns 1,675 shares of the bank's stock worth $29,000 after purchasing an additional 1,322 shares in the last quarter. Institutional investors and hedge funds own 80.72% of the company's stock.

More Huntington Bancshares News

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

• Positive Sentiment: Q1 earnings beat and strong metrics: Huntington reported adjusted EPS of $0.37 and revenue of $2.59B, topping expectations; management highlighted higher net interest income and fee income with healthy margins and ROE, which is driving positive investor sentiment. PR Newswire Q1 Release
• Positive Sentiment: Dividend maintained and quarterly cash payout: The board declared a $0.155 quarterly dividend (ex‑dividend June 17; payable July 1) implying an ~3.7% yield — supports income investors and signals confidence in capital. Dividend/Board Notice
• Neutral Sentiment: FY‑2027 EPS guidance in line with consensus: Huntington updated FY‑2027 EPS guidance to $1.900–$1.930, essentially matching the Street — reduces uncertainty but provides little upside surprise. (Guidance update released 4/24/2026)
• Neutral Sentiment: Strategic AI focus spotlighted: CFO Zachary Wasserman is leading Huntington’s AI effort, positioning the bank to extract efficiencies and revenue opportunities long term; beneficial strategically but timing/near‑term financial impact is unclear. Fortune: CFO/AI
• Neutral Sentiment: Shareholder vote reaffirms board/governance direction: At the April 22 meeting shareholders reaffirmed the board and governance slate — confirms continuity but is not a material operational catalyst. TipRanks: Shareholder Meeting
• Neutral Sentiment: Analyst movement mixed: Piper upgraded Huntington to Neutral citing increased positives, which may temper downside but is not a strong buy signal. Seeking Alpha: Piper Upgrade
• Negative Sentiment: Earlier JPMorgan price‑target cut: JPMorgan trimmed its PT to $19 (from $21) in early April — a modest headwind that caps upside in analyst-driven valuation. InsiderMonkey: JPMorgan PT Cut

About Huntington Bancshares

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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