Royal Bank Of Canada Cuts Huntington Bancshares (NASDAQ:HBAN) Price Target to $20.00

10 Apr 2026, 02:42 by Amy Steele · The Cerbat Gem

Huntington Bancshares (NASDAQ:HBAN – Free Report) had its price objective trimmed by Royal Bank Of Canada from $21.00 to $20.00 in a report released on Tuesday,MarketScreener reports. The brokerage currently has an outperform rating on the bank’s stock.

A number of other research analysts have also recently commented on HBAN. Jefferies Financial Group dropped their target price on shares of Huntington Bancshares from $22.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, March 5th. Stephens increased their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Thursday, December 18th. Morgan Stanley dropped their target price on shares of Huntington Bancshares from $23.00 to $21.00 and set an “overweight” rating for the company in a report on Tuesday, March 31st. Barclays increased their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Monday, January 5th. Finally, Evercore dropped their target price on shares of Huntington Bancshares from $21.00 to $19.00 and set an “outperform” rating for the company in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $20.13.

Read Our Latest Report on Huntington Bancshares

Huntington Bancshares Trading Up 1.5%

HBAN opened at $16.59 on Tuesday. The stock has a market capitalization of $33.80 billion, a price-to-earnings ratio of 11.94, a P/E/G ratio of 0.70 and a beta of 0.95. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.80. Huntington Bancshares has a twelve month low of $12.42 and a twelve month high of $19.45. The company has a 50-day simple moving average of $16.66 and a 200 day simple moving average of $16.75.

Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last posted its earnings results 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 $1.61 billion during 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 period last year, the company posted $0.34 EPS. Analysts predict that Huntington Bancshares will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th were given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Wednesday, March 18th. Huntington Bancshares’s dividend payout ratio is currently 44.60%.

Insider Buying and Selling at Huntington Bancshares

In other news, Director Gary Torgow bought 14,200 shares of the firm’s stock in a transaction on 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 transaction, the director owned 943,341 shares of the company’s stock, valued at $16,800,903.21. This trade represents a 1.53% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James D. Rollins III bought 1,127 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were purchased at an average cost of $25.39 per share, with a total value of $28,614.53. Following the transaction, the director directly owned 4,000 shares in the company, valued at approximately $101,560. This trade represents a 39.23% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have acquired 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

Large investors have recently modified their holdings of the stock. Altrius Capital Management Inc acquired a new stake in shares of Huntington Bancshares during the 3rd quarter worth approximately $4,894,000. Vanguard Group Inc. grew its position in shares of Huntington Bancshares by 0.4% during 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 period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Huntington Bancshares during the 3rd quarter worth approximately $3,746,000. Midwest Trust Co grew its position in shares of Huntington Bancshares by 12.7% during the 3rd quarter. Midwest Trust Co now owns 1,510,977 shares of the bank’s stock worth $26,095,000 after buying an additional 170,240 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Huntington Bancshares by 3.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,238,142 shares of the bank’s stock worth $159,543,000 after buying an additional 314,544 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

About Huntington Bancshares

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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.