Jefferies Financial Group Boosts Huntington Bancshares (NASDAQ:HBAN) Price Target to $20.00

Huntington Bancshares (NASDAQ:HBAN) had its target price upped by Jefferies Financial Group from $19.00 to $20.00 in a research note issued to investors on Friday,MarketScreener reports. The brokerage currently has a “buy” rating on the bank’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 21.95% from the company’s previous close.

A number of other research analysts have also weighed in on HBAN. Argus boosted their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Royal Bank Of Canada dropped their price objective on Huntington Bancshares from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 7th. Morgan Stanley cut their price objective on Huntington Bancshares from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday. Weiss Ratings restated a “buy (b-)” rating on shares of Huntington Bancshares in a research note on Thursday, January 22nd. Finally, DA Davidson lowered their target price on Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, March 16th. One 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 given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.08.

Huntington Bancshares Trading Down 2.6%

NASDAQ:HBAN opened at $16.40 on Friday. The company’s 50 day moving average is $16.31 and its 200-day moving average is $16.71. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.73. Huntington Bancshares has a 12 month low of $14.19 and a 12 month high of $19.45. The firm has a market cap of $33.41 billion, a price-to-earnings ratio of 12.62, a P/E/G ratio of 0.73 and a beta of 0.95.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Thursday, April 23rd. The bank reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.21. Huntington Bancshares had a net margin of 16.63% and a return on equity of 11.42%. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the prior year, the firm earned $0.34 EPS. Equities analysts anticipate that Huntington Bancshares will post 1.61 EPS for the current year.

Insider Activity at Huntington Bancshares

In related news, Director Gary Torgow acquired 14,200 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was acquired at an average price of $17.81 per share, with a total value of $252,902.00. Following the completion of the transaction, the director owned 943,341 shares of the company’s stock, valued at approximately $16,800,903.21. This represents a 1.53% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Prashant Nateri sold 10,171 shares of Huntington Bancshares stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $15.50, for a total value of $157,650.50. Following the sale, the insider directly owned 83,819 shares in the company, valued at approximately $1,299,194.50. This trade represents a 10.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have purchased 27,700 shares of company stock worth $540,401 and have sold 98,986 shares worth $1,600,958. 0.67% of the stock is owned by company insiders.

Institutional Trading of Huntington Bancshares

Institutional investors and hedge funds have recently modified their holdings of the company. Keybank National Association OH raised its stake in shares of Huntington Bancshares by 8.4% in the first quarter. Keybank National Association OH now owns 151,635 shares of the bank’s stock valued at $2,373,000 after purchasing an additional 11,729 shares in the last quarter. RKL Wealth Management LLC acquired a new stake in Huntington Bancshares during the first quarter worth $168,000. Argent Advisors Inc. increased its holdings in Huntington Bancshares by 197.4% in the 1st quarter. Argent Advisors Inc. now owns 54,993 shares of the bank’s stock valued at $861,000 after buying an additional 36,503 shares during the period. USS Investment Management Ltd increased its holdings in Huntington Bancshares by 3.6% in the 1st quarter. USS Investment Management Ltd now owns 250,575 shares of the bank’s stock valued at $3,920,000 after buying an additional 8,745 shares during the period. Finally, IFM Investors Pty Ltd raised its stake in shares of Huntington Bancshares by 46.4% in the 1st quarter. IFM Investors Pty Ltd now owns 411,736 shares of the bank’s stock valued at $6,444,000 after buying an additional 130,465 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors.

Key Huntington Bancshares News

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

• Positive Sentiment: Q1 results beat expectations: HBAN reported adjusted EPS of $0.37 and revenue roughly in line with estimates, driven by higher net interest income and fee income — a clear near-term earnings positive. Huntington Bancshares Incorporated Reports 2026 First-Quarter Earnings
• Positive Sentiment: Dividend maintained and declared: Board approved a quarterly dividend (0.155/share) supporting yield (~3.8%), which tends to underpin investor confidence in payout sustainability. Huntington Bancshares Maintains Quarterly Common and Preferred Dividends
• Positive Sentiment: Strategic focus on AI led from the CFO — management highlights AI initiatives and digital strategy as drivers of efficiency and growth, a medium-term positive for margins and competitive positioning. At Huntington Bancshares, the CFO is also the AI strategist
• Positive Sentiment: Analyst momentum: Piper upgraded HBAN to Neutral citing increasing positives, which may attract some buyers. Huntington Bancshares upgraded to Neutral at Piper
• Neutral Sentiment: FY2027 guidance in line with consensus: Company set EPS guidance of $1.900–1.930, essentially matching street estimates — removes surprise upside but reduces downside risk from guidance revisions.
• Neutral Sentiment: Shareholder vote reaffirmed board/governance direction at the annual meeting, providing governance stability but limited immediate market impact. Huntington Bancshares Shareholders Reaffirm Board and Governance Direction
• Neutral Sentiment: Short-interest report is effectively zero/garbled for April 24 (data shows 0 shares), so there’s no meaningful short squeeze dynamic to amplify moves today.
• Negative Sentiment: Morgan Stanley trimmed its price target from $21 to $20 (still Overweight) — a downward revision to analyst upside that can pressure the stock and feeds into today’s selling. Morgan Stanley trims price target on Huntington Bancshares to $20 from $21

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.