Huntington Bancshares (NASDAQ:HBAN) Price Target Raised to $22.00
by Amy Steele · The Cerbat GemHuntington Bancshares (NASDAQ:HBAN – Free Report) had its price objective increased by Jefferies Financial Group from $20.00 to $22.00 in a research report report published on Friday morning,MarketScreener reports. The brokerage currently has a buy rating on the bank’s stock.
A number of other equities analysts have also recently issued reports on HBAN. Citigroup boosted their price objective on Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, September 19th. TD Cowen lifted their target price on Huntington Bancshares from $22.00 to $23.00 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. JPMorgan Chase & Co. upped their price target on shares of Huntington Bancshares from $18.00 to $18.50 and gave the stock an “overweight” rating in a report on Friday, October 10th. DA Davidson reiterated a “buy” rating and set a $21.00 price objective on shares of Huntington Bancshares in a report on Tuesday, October 28th. Finally, Evercore ISI started coverage on shares of Huntington Bancshares in a research report on Tuesday, October 21st. They issued an “outperform” rating and a $18.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $19.92.
Get Our Latest Research Report on Huntington Bancshares
Huntington Bancshares Price Performance
HBAN stock opened at $17.69 on Friday. The stock has a market cap of $25.82 billion, a PE ratio of 12.37, a P/E/G ratio of 0.66 and a beta of 0.96. Huntington Bancshares has a 12 month low of $11.91 and a 12 month high of $18.03. The company has a 50-day moving average price of $16.20 and a 200 day moving average price of $16.63. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89.
Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last announced its quarterly earnings data on Monday, December 1st. The bank reported $0.67 earnings per share (EPS) for the quarter. The business had revenue of $580.00 million during the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. Equities research analysts anticipate that Huntington Bancshares will post 1.39 earnings per share for the current year.
Huntington Bancshares Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 18th will be issued a $0.155 dividend. The ex-dividend date is Thursday, December 18th. This represents a $0.62 annualized dividend and a dividend yield of 3.5%. Huntington Bancshares’s payout ratio is currently 43.36%.
Insider Buying and Selling at Huntington Bancshares
In related news, Director John C. Inglis bought 6,506 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were acquired at an average price of $15.30 per share, with a total value of $99,541.80. Following the transaction, the director owned 89,831 shares of the company’s stock, valued at $1,374,414.30. The trade was a 7.81% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Marcy C. Hingst sold 12,832 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $18.00, for a total value of $230,976.00. Following the completion of the transaction, the executive vice president directly owned 239,473 shares of the company’s stock, valued at approximately $4,310,514. The trade was a 5.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 87,863 shares of company stock valued at $1,396,634 in the last ninety days. Company insiders own 0.89% of the company’s stock.
Hedge Funds Weigh In On Huntington Bancshares
A number of large investors have recently added to or reduced their stakes in HBAN. Family Legacy Financial Solutions LLC purchased a new position in shares of Huntington Bancshares in the 2nd quarter worth approximately $25,000. MTM Investment Management LLC acquired a new stake in Huntington Bancshares in the second quarter valued at approximately $25,000. Palisade Asset Management LLC acquired a new stake in Huntington Bancshares in the third quarter valued at approximately $26,000. South Plains Financial Inc. grew 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 worth $27,000 after purchasing an additional 826 shares during the last quarter. Finally, Quarry LP increased its position in shares of Huntington Bancshares by 73.0% during the first quarter. Quarry LP now owns 1,929 shares of the bank’s stock worth $29,000 after purchasing an additional 814 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: Jefferies raised its price target to $22 (from $20) and keeps a “buy” rating — implying ~24.5% upside from the current price; this is the most bullish analyst action and likely the biggest near-term driver of demand. Jefferies adjusts price target to $22 TickerReport: Jefferies note
- Positive Sentiment: RBC raised its price target to $20 (from $19) and maintains an “outperform” rating — roughly ~13% upside; another credible bank upgrade supporting the move. Benzinga RBC raises price target to $20 The Fly: RBC note
- Positive Sentiment: Stephens lifted its target to $20 (from $19) and keeps an “equal weight” rating — another upward revision that consolidates analyst optimism around HBAN. Stephens raises price target to $20
- Positive Sentiment: Unusually large options activity — ~97,130 calls traded (≈2,098% above average) — suggests aggressive bullish positioning or hedging ahead of catalysts, which can amplify intraday moves. (source: trade data)
- Positive Sentiment: Earnings preview coverage indicates analysts expect a significant double‑digit jump in Q4 earnings; a strong print would validate upgrades and could push the stock higher. Barchart earnings preview
- Positive Sentiment: MarketBeat highlighted HBAN as a sub-$20 dividend stock (yield ~3.5%) with a consensus price target near $19.6, reinforcing interest from income-minded investors. MarketBeat dividend feature
- Neutral Sentiment: Head‑to‑head survey with United Bancorp was published; useful for peer comparisons but unlikely to be a major catalyst. American Banking News survey
- Neutral Sentiment: Capstone Partners’ middle‑market survey provides macro/context on business sentiment — relevant to regional banking exposure but not a direct HBAN-specific driver. PR Newswire: Capstone survey
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.
Read More
- Five stocks we like better than Huntington Bancshares
- How Long Will $1M Last in Retirement?
- GOLD ALERT
- Bitcoin is down but your income is about to explode
- This 40-year cover-up is ending
- How the Rich Retire