Stephens Has Lowered Expectations for Huntington Bancshares (NASDAQ:HBAN) Stock Price

Huntington Bancshares (NASDAQ:HBAN) had its target price dropped by equities researchers at Stephens from $19.00 to $18.00 in a research note issued to investors on Tuesday. Stephens’ price objective suggests a potential upside of 17.82% from the company’s current price.

Several other research analysts also recently weighed in on the stock. Wells Fargo & Company cut their target price on shares of Huntington Bancshares from $23.00 to $21.00 and set an “overweight” rating for the company in a research note on Wednesday, September 16th. Evercore restated an “outperform” rating and set a $21.00 target price on shares of Huntington Bancshares in a research report on Monday, July 6th. Truist Financial cut their price target on Huntington Bancshares from $20.00 to $19.00 and set a “buy” rating for the company in a report on Wednesday. Robert W. Baird upped their target price on Huntington Bancshares from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Finally, Jefferies Financial Group lowered their price target on Huntington Bancshares from $18.00 to $17.00 and set a “hold” rating for the company in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Huntington Bancshares currently has an average rating of “Moderate Buy” and a consensus target price of $19.84.

Huntington Bancshares Price Performance

Shares of NASDAQ:HBAN opened at $15.28 on Tuesday. Huntington Bancshares has a 52 week low of $14.89 and a 52 week high of $19.45. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average price of $17.11 and a 200 day moving average price of $16.69. The company has a market cap of $30.87 billion, a P/E ratio of 11.89, a PEG ratio of 0.90 and a beta of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings results on Thursday, July 23rd. The bank reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%.During the same quarter last year, the business posted $0.34 earnings per share. Huntington Bancshares has set its FY 2026 guidance at 1.900-1.930 EPS. Research analysts predict that Huntington Bancshares will post 1.53 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Kendall Kowalski sold 27,971 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $17.20, for a total transaction of $481,101.20. Following the completion of the sale, the insider directly owned 70,025 shares of the company’s stock, valued at approximately $1,204,430. This represents a 28.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.67% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HBAN. Values First Advisors Inc. grew its position in shares of Huntington Bancshares by 3.0% in the 1st quarter. Values First Advisors Inc. now owns 20,564 shares of the bank’s stock valued at $322,000 after purchasing an additional 604 shares during the period. Henrickson Nauta Wealth Advisors Inc. raised its holdings in Huntington Bancshares by 6.1% during the 2nd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 10,613 shares of the bank’s stock worth $190,000 after buying an additional 608 shares during the period. MCF Advisors LLC lifted its stake in Huntington Bancshares by 12.6% in the fourth quarter. MCF Advisors LLC now owns 5,438 shares of the bank’s stock valued at $95,000 after buying an additional 609 shares in the last quarter. Vestor Capital LLC boosted its holdings in shares of Huntington Bancshares by 13.0% in the first quarter. Vestor Capital LLC now owns 5,636 shares of the bank’s stock valued at $88,000 after buying an additional 648 shares during the period. Finally, Balboa Wealth Partners boosted its holdings in shares of Huntington Bancshares by 2.5% in the first quarter. Balboa Wealth Partners now owns 27,042 shares of the bank’s stock valued at $423,000 after buying an additional 662 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated is a regional bank holding company headquartered in Columbus, Ohio. Its principal subsidiary, The Huntington National Bank, provides banking and financial services to consumers, businesses, institutions and government entities.

The company offers consumer and commercial deposit accounts, lending products, mortgage banking, wealth management, investment services, insurance, payment solutions and treasury management. Its lending activities include residential mortgages, auto loans, consumer credit, small-business financing and commercial loans.

Founded in 1866, Huntington serves customers through branches, digital banking channels and business offices across the Midwest and other selected markets.