Huntington Bancshares (NASDAQ:HBAN) Price Target Lowered to $19.50 at Keefe, Bruyette & Woods

Huntington Bancshares (NASDAQ:HBAN) had its target price cut by Keefe, Bruyette & Woods from $20.00 to $19.50 in a research note published on Friday morning,Benzinga reports. They currently have a market perform rating on the bank’s stock.

A number of other research analysts also recently commented on HBAN. Raymond James Financial reaffirmed a “strong-buy” rating and set a $20.00 price objective (down previously from $21.00) on shares of Huntington Bancshares in a research report on Monday, October 20th. Evercore ISI started coverage on shares of Huntington Bancshares in a report on Tuesday, October 21st. They set an “outperform” rating and a $18.00 price target for the company. DA Davidson reissued a “buy” rating and issued a $21.00 price objective on shares of Huntington Bancshares in a research note on Tuesday, October 28th. Jefferies Financial Group boosted their price objective on shares of Huntington Bancshares from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Finally, Piper Sandler raised their target price on Huntington Bancshares from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Wednesday, December 10th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

Huntington Bancshares Stock Down 1.5%

NASDAQ HBAN opened at $17.38 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 0.80. The company has a market cap of $27.36 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 0.66 and a beta of 0.95. The company has a 50 day moving average of $17.28 and a 200-day moving average of $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 posted its quarterly earnings data on Thursday, January 22nd. The bank reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.03). The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.21 billion. Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.During the same quarter last year, the business earned $0.34 EPS. On average, equities research analysts expect that Huntington Bancshares will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Wednesday, March 18th. Huntington Bancshares’s dividend payout ratio is presently 43.36%.

Insider Buying and Selling at Huntington Bancshares

In other news, insider Helga Houston sold 64,587 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $15.38, for a total transaction of $993,348.06. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John C. Inglis acquired 6,506 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was acquired at an average price of $15.30 per share, with a total value of $99,541.80. Following the acquisition, the director owned 89,831 shares in the company, valued at $1,374,414.30. The trade was a 7.81% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold a total of 97,863 shares of company stock worth $1,581,634 over the last three months. 0.89% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Huntington Bancshares

Several large investors have recently modified their holdings of the business. Sagespring Wealth Partners LLC grew its stake in shares of Huntington Bancshares by 2.4% in the fourth quarter. Sagespring Wealth Partners LLC now owns 25,217 shares of the bank’s stock worth $438,000 after purchasing an additional 587 shares during the last quarter. Accurate Wealth Management LLC grew its position in shares of Huntington Bancshares by 3.5% in the 2nd quarter. Accurate Wealth Management LLC now owns 18,159 shares of the bank’s stock valued at $319,000 after buying an additional 611 shares during the last quarter. LifeWealth Investments LLC increased its stake in shares of Huntington Bancshares by 2.3% in the second quarter. LifeWealth Investments LLC now owns 28,501 shares of the bank’s stock valued at $478,000 after buying an additional 632 shares during the period. Parcion Private Wealth LLC raised its position in shares of Huntington Bancshares by 6.2% during the third quarter. Parcion Private Wealth LLC now owns 11,081 shares of the bank’s stock worth $191,000 after acquiring an additional 648 shares during the last quarter. Finally, Strategic Planning Inc. lifted its stake in shares of Huntington Bancshares by 0.3% in the third quarter. Strategic Planning Inc. now owns 199,318 shares of the bank’s stock worth $3,442,000 after acquiring an additional 670 shares during the period. Institutional investors own 80.72% of the company’s stock.

Huntington Bancshares News Summary

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

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.