Raymond James Financial Forecasts Strong Price Appreciation for Huntington Bancshares (NASDAQ:HBAN) Stock

Huntington Bancshares (NASDAQ:HBAN) had its target price upped by equities research analysts at Raymond James Financial from $20.00 to $21.00 in a research report issued on Friday,MarketScreener reports. The brokerage presently has a “strong-buy” rating on the bank’s stock. Raymond James Financial’s price target would suggest a potential upside of 20.86% from the company’s previous close.

Several other equities analysts have also issued reports on HBAN. Barclays upped their price target on Huntington Bancshares from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Monday, January 5th. DA Davidson restated a “buy” rating and set a $21.00 target price on shares of Huntington Bancshares in a research note on Tuesday, October 28th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $21.00 price target on shares of Huntington Bancshares in a research note on Monday, January 12th. Jefferies Financial Group raised their price target on Huntington Bancshares from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Huntington Bancshares from $20.00 to $19.50 and set a “market perform” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.05.

Huntington Bancshares Price Performance

HBAN opened at $17.38 on Friday. The firm has a market capitalization of $27.36 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 0.65 and a beta of 0.95. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.93 and a quick ratio of 0.91. The business’s 50-day moving average is $17.28 and its two-hundred day moving average is $16.88. Huntington Bancshares has a 1 year low of $11.91 and a 1 year high of $18.91.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Thursday, January 22nd. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.21 billion. Huntington Bancshares had a net margin of 17.71% and a return on equity of 11.98%. During the same quarter in the prior year, the business posted $0.34 earnings per share. Research analysts anticipate that Huntington Bancshares will post 1.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Huntington Bancshares news, insider Helga Houston sold 64,587 shares of Huntington Bancshares stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $15.38, for a total transaction of $993,348.06. Following the completion of the sale, the insider directly owned 534,640 shares in the company, valued at approximately $8,222,763.20. The trade was a 10.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Amit Dhingra sold 10,000 shares of the stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $18.50, for a total transaction of $185,000.00. Following the completion of the sale, the insider owned 155,634 shares in the company, valued at $2,879,229. The trade was a 6.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 97,863 shares of company stock worth $1,581,634 in the last quarter. 0.89% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Huntington Bancshares

Institutional investors and hedge funds have recently modified their holdings of the stock. MTM Investment Management LLC purchased a new position in Huntington Bancshares during the second quarter valued at approximately $25,000. Palisade Asset Management LLC purchased a new position in Huntington Bancshares in the third quarter valued at $26,000. South Plains Financial Inc. increased its holdings in Huntington Bancshares by 116.3% in the third quarter. South Plains Financial Inc. now owns 1,536 shares of the bank’s stock valued at $27,000 after buying an additional 826 shares in the last quarter. Accredited Wealth Management LLC boosted its stake in shares of Huntington Bancshares by 374.5% during the 3rd quarter. Accredited Wealth Management LLC now owns 1,675 shares of the bank’s stock worth $29,000 after acquiring an additional 1,322 shares in the last quarter. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of Huntington Bancshares during the 2nd quarter worth about $30,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

Key Huntington Bancshares News

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

• Positive Sentiment: Board keeps quarterly common dividend at $0.155 (annualized yield ~3.5%), signaling capital stability and supporting income investors. PR Newswire: Dividend Declaration
• Positive Sentiment: Morgan Stanley cut its price target to $21 but kept an “overweight” rating — implying ~21% upside from current levels and institutional confidence in longer-term upside. TickerReport: Morgan Stanley PT
• Positive Sentiment: Management emphasizes continued organic and digital growth, including opening branches nearly every two weeks as part of expansion into the South — a growth narrative that can support revenue/margin expansion over time. Fortune: Growth Strategy
• Positive Sentiment: Media and commentator support (e.g., Jim Cramer) highlights confidence in the franchise and long-term prospects, which can help sentiment among retail investors. Yahoo Finance: Jim Cramer
• Neutral Sentiment: Huntington is preparing a debt offering ahead of the Cadence Bank merger — a routine financing step for M&A but one to watch for size/terms that could affect leverage and funding cost. TipRanks: Debt Offering
• Neutral Sentiment: Keefe, Bruyette & Woods trimmed its price target to $19.50 and moved to “market perform” — a modest adjustment that still implies upside but signals more cautious expectations. Benzinga: KBW PT
• Negative Sentiment: Q4 results missed consensus: reported $0.37 EPS vs. ~$0.40 expected, revenue slightly below estimates, and a notable year-over-year rise in expenses/credit provisions — the primary catalyst for intraday weakness. MarketBeat: Q4 Results
• Negative Sentiment: Piper Sandler raised its target to $17 but kept an “underweight” rating, and that stance plus the earnings miss reinforces bearish analyst positioning for near-term performance. MarketScreener: Piper Sandler PT

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.