Huntington Bancshares’ (HBAN) Neutral Rating Reaffirmed at Bank of America

Bank of America reiterated their neutral rating on shares of Huntington Bancshares (NASDAQ:HBAN) in a research note released on Monday, Marketbeat.com reports. The brokerage currently has a $18.50 price target on the bank’s stock, down from their prior price target of $20.00.

A number of other research firms have also recently commented on HBAN. Robert W. Baird upped their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Friday. Piper Sandler upgraded Huntington Bancshares from a “strong sell” rating to a “hold” rating and set a $18.00 target price on the stock in a report on Thursday, April 23rd. JPMorgan Chase & Co. boosted their target price on Huntington Bancshares from $18.50 to $19.50 and gave the company an “overweight” rating in a research note on Monday, July 6th. UBS Group increased their price target on Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Finally, The Goldman Sachs Group dropped their price target on Huntington Bancshares from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Huntington Bancshares has an average rating of “Moderate Buy” and an average target price of $20.07.

Huntington Bancshares Stock Down 1.2%

Shares of NASDAQ HBAN opened at $17.16 on Monday. The stock has a market cap of $34.79 billion, a P/E ratio of 13.30, a P/E/G ratio of 0.78 and a beta of 0.93. The firm has a 50 day moving average price of $17.16 and a 200 day moving average price of $16.92. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.91 and a current ratio of 0.92. Huntington Bancshares has a 52-week low of $14.89 and a 52-week high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last issued its earnings results on Thursday, July 23rd. The bank reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.84 billion. Huntington Bancshares had a net margin of 16.64% and a return on equity of 11.19%. During the same quarter in the prior year, the firm earned $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Analysts expect that Huntington Bancshares will post 1.62 EPS for the current year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 17th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Thursday, September 17th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 48.06%.

Insider Buying and Selling at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 10,568 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $18.00, for a total value of $190,224.00. Following the sale, the executive vice president directly owned 267,859 shares of the company’s stock, valued at approximately $4,821,462. The trade was a 3.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Rollins III sold 223,522 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $17.35, for a total transaction of $3,878,106.70. Following the completion of the transaction, the director directly owned 612,155 shares of the company’s stock, valued at approximately $10,620,889.25. The trade was a 26.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders purchased a total of 22,000 shares of company stock worth $401,219 over the last ninety days. 0.67% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HBAN. Trust Asset Management LLC raised its position in Huntington Bancshares by 33.8% in the 2nd quarter. Trust Asset Management LLC now owns 21,614 shares of the bank’s stock valued at $383,000 after buying an additional 5,459 shares during the last quarter. Northside Capital Management LLC boosted its position in Huntington Bancshares by 1.9% during the 2nd quarter. Northside Capital Management LLC now owns 605,045 shares of the bank’s stock worth $10,727,000 after acquiring an additional 11,572 shares during the last quarter. Tema ETFs LLC boosted its position in Huntington Bancshares by 10.3% during the 2nd quarter. Tema ETFs LLC now owns 29,510 shares of the bank’s stock worth $523,000 after acquiring an additional 2,755 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of Huntington Bancshares by 15.8% during the 2nd quarter. Handelsbanken Fonder AB now owns 614,273 shares of the bank’s stock worth $10,891,000 after acquiring an additional 83,706 shares in the last quarter. Finally, Focus Financial Network Inc. grew its stake in shares of Huntington Bancshares by 8.1% during the 2nd quarter. Focus Financial Network Inc. now owns 21,298 shares of the bank’s stock worth $381,000 after acquiring an additional 1,588 shares in the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

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.