Huntington Bancshares (NASDAQ:HBAN) Given New $20.00 Price Target at Royal Bank Of Canada

Huntington Bancshares (NASDAQ:HBAN) had its target price upped by Royal Bank Of Canada from $19.00 to $20.00 in a research note issued to investors on Friday morning, Marketbeat reports. Royal Bank Of Canada currently has an outperform rating on the bank’s stock.

A number of other analysts have also recently issued reports on HBAN. Stephens increased their price objective on Huntington Bancshares from $18.00 to $19.00 in a report on Friday, October 17th. Weiss Ratings reissued a “buy (b-)” rating on shares of Huntington Bancshares in a report on Wednesday, October 8th. Zacks Research lowered shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Huntington Bancshares from $18.00 to $18.50 and gave the company an “overweight” rating in a research note on Friday, October 10th. Finally, Morgan Stanley increased their target price on shares of Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, September 29th. Two research analysts have 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.92.

Huntington Bancshares Stock Performance

Shares of HBAN stock opened at $17.69 on Friday. The firm’s 50 day moving average is $16.20 and its 200 day moving average is $16.62. The stock has a market capitalization of $25.82 billion, a P/E ratio of 12.37, a PEG ratio of 0.66 and a beta of 0.96. Huntington Bancshares has a 12 month low of $11.91 and a 12 month high of $18.03. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Monday, December 1st. The bank reported $0.67 earnings per share (EPS) for the quarter. The business had revenue of $580.00 million for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. On average, sell-side analysts anticipate that Huntington Bancshares will post 1.39 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Thursday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.5%. Huntington Bancshares’s dividend payout ratio is presently 43.36%.

Insider Activity at Huntington Bancshares

In other news, Director John C. Inglis purchased 6,506 shares of the stock in a transaction on Tuesday, November 4th. The shares were acquired at an average price of $15.30 per share, for a total transaction of $99,541.80. Following the completion of the transaction, the director directly owned 89,831 shares of the company’s stock, valued at approximately $1,374,414.30. This trade represents a 7.81% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Helga Houston sold 64,587 shares of Huntington Bancshares stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $15.38, for a total value of $993,348.06. Following the sale, the insider directly owned 534,640 shares of the company’s stock, valued at approximately $8,222,763.20. This trade represents a 10.78% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 87,863 shares of company stock worth $1,396,634. Corporate insiders own 0.89% of the company’s stock.

Hedge Funds Weigh In On Huntington Bancshares

Large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Huntington Bancshares by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 176,980,819 shares of the bank’s stock worth $3,056,459,000 after buying an additional 680,601 shares during the last quarter. Boston Partners lifted its holdings in shares of Huntington Bancshares by 3.9% in the 3rd quarter. Boston Partners now owns 63,302,953 shares of the bank’s stock worth $1,091,615,000 after acquiring an additional 2,363,905 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Huntington Bancshares by 1.5% in the 3rd quarter. Invesco Ltd. now owns 59,062,922 shares of the bank’s stock valued at $1,020,017,000 after purchasing an additional 861,263 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Huntington Bancshares by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 39,450,879 shares of the bank’s stock valued at $658,541,000 after purchasing an additional 640,852 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Huntington Bancshares by 15.7% in the 3rd quarter. Victory Capital Management Inc. now owns 34,230,988 shares of the bank’s stock worth $594,054,000 after purchasing an additional 4,640,302 shares during the period. 80.72% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Huntington Bancshares

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

• Positive Sentiment: Jefferies raised its price target to $22 (from $20) and keeps a “buy” rating — implying ~24.5% upside from the current price; this is the most bullish analyst action and likely the biggest near-term driver of demand. Jefferies adjusts price target to $22 TickerReport: Jefferies note
• Positive Sentiment: RBC raised its price target to $20 (from $19) and maintains an “outperform” rating — roughly ~13% upside; another credible bank upgrade supporting the move. Benzinga RBC raises price target to $20 The Fly: RBC note
• Positive Sentiment: Stephens lifted its target to $20 (from $19) and keeps an “equal weight” rating — another upward revision that consolidates analyst optimism around HBAN. Stephens raises price target to $20
• Positive Sentiment: Unusually large options activity — ~97,130 calls traded (≈2,098% above average) — suggests aggressive bullish positioning or hedging ahead of catalysts, which can amplify intraday moves. (source: trade data)
• Positive Sentiment: Earnings preview coverage indicates analysts expect a significant double‑digit jump in Q4 earnings; a strong print would validate upgrades and could push the stock higher. Barchart earnings preview
• Positive Sentiment: MarketBeat highlighted HBAN as a sub-$20 dividend stock (yield ~3.5%) with a consensus price target near $19.6, reinforcing interest from income-minded investors. MarketBeat dividend feature
• Neutral Sentiment: Head‑to‑head survey with United Bancorp was published; useful for peer comparisons but unlikely to be a major catalyst. American Banking News survey
• Neutral Sentiment: Capstone Partners’ middle‑market survey provides macro/context on business sentiment — relevant to regional banking exposure but not a direct HBAN-specific driver. PR Newswire: Capstone survey

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.