Huntington Bancshares (NASDAQ:HBAN) Given New $19.00 Price Target at Robert W. Baird

Huntington Bancshares (NASDAQ:HBAN) had its target price cut by equities researchers at Robert W. Baird from $21.00 to $19.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the bank’s stock. Robert W. Baird‘s target price suggests a potential upside of 21.33% from the stock’s current price.

Several other equities research analysts also recently commented on HBAN. TD Cowen began coverage on shares of Huntington Bancshares in a report on Thursday, October 8th. They set a “buy” rating and a $18.00 price objective on the stock. Bank of America reissued a “neutral” rating and issued a $18.50 price target (down from $20.00) on shares of Huntington Bancshares in a research report on Monday, July 27th. JPMorgan Chase & Co. cut their price objective on shares of Huntington Bancshares from $19.50 to $17.50 and set an “overweight” rating for the company in a report on Friday, October 2nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Huntington Bancshares in a research note on Friday, October 2nd. Finally, Jefferies Financial Group lowered their target price on shares of Huntington Bancshares from $18.00 to $17.00 and set a “hold” rating on the stock in a report on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.10.

Huntington Bancshares Stock Performance

HBAN opened at $15.66 on Friday. Huntington Bancshares has a 1-year low of $14.82 and a 1-year high of $19.45. The company has a market cap of $31.64 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 1.00 and a beta of 0.95. The company’s fifty day moving average price is $16.16 and its two-hundred day moving average price is $16.66. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.63.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Thursday, October 22nd. The bank reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.82 billion. Huntington Bancshares had a return on equity of 11.19% and a net margin of 16.64%. During the same quarter in the previous year, the business earned $0.41 EPS. On average, analysts expect that Huntington Bancshares will post 1.54 EPS for the current fiscal year.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, insider Kendall Kowalski sold 27,971 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $17.20, for a total transaction of $481,101.20. Following the sale, the insider directly owned 70,025 shares in the company, valued at approximately $1,204,430. The trade was a 28.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.67% of the company’s stock.

Hedge Funds Weigh In On Huntington Bancshares

Several hedge funds have recently added to or reduced their stakes in HBAN. Gibbs Wealth Management boosted its holdings in Huntington Bancshares by 42.2% in the third quarter. Gibbs Wealth Management now owns 19,205 shares of the bank’s stock valued at $293,000 after acquiring an additional 5,695 shares during the last quarter. Yousif Capital Management LLC grew its stake in shares of Huntington Bancshares by 1.0% in the third quarter. Yousif Capital Management LLC now owns 199,152 shares of the bank’s stock valued at $3,039,000 after buying an additional 2,056 shares in the last quarter. MBL Wealth LLC raised its position in Huntington Bancshares by 62.6% during the third quarter. MBL Wealth LLC now owns 21,689 shares of the bank’s stock worth $331,000 after acquiring an additional 8,347 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Huntington Bancshares in the third quarter valued at $99,000. Finally, E. Ohman J or Asset Management AB grew its position in shares of Huntington Bancshares by 51.6% in the 3rd quarter. E. Ohman J or Asset Management AB now owns 81,260 shares of the bank’s stock valued at $1,240,000 after acquiring an additional 27,660 shares during the period. 80.72% of the stock is currently owned by hedge funds and other institutional investors.

Key Huntington Bancshares News

Here are the key news stories impacting Huntington Bancshares this week:

• Positive Sentiment: Third-quarter adjusted earnings of $0.38 per share matched the consensus estimate. Net interest income increased 1% sequentially to $2.069 billion, while net interest margin expanded to 3.25% from 3.21%, supported by higher fee income and improved spread income. Huntington Q3 Earnings Match Estimates as NII & Fee Income Rise Y/Y
• Positive Sentiment: The board maintained the quarterly common dividend at $0.155 per share, equivalent to $0.62 annually and an indicated yield of about 4.0%. Huntington also repurchased $100 million of common stock during the quarter, bringing year-to-date buybacks to $409 million. Huntington Bancshares Maintains Quarterly Common Dividend Payout
• Neutral Sentiment: Deposits rose 0.2% sequentially to $223.8 billion and the CET1 capital ratio was a solid 10.1%, although average loans and leases declined 0.4% to $188.4 billion. Preferred stock dividends were also declared, preserving income distributions across Huntington’s capital securities. Huntington preferred dividend announcement
• Negative Sentiment: Revenue of $2.791 billion missed the $2.82 billion estimate and fell from $2.837 billion in the prior quarter. GAAP net income declined sequentially to $721 million, while noninterest income dropped 8% and expenses, credit costs and worsening credit quality remain investor concerns. Huntington Reports Third-Quarter Revenue and EPS
• Negative Sentiment: Investors reacted negatively to the sequential earnings decline and reduced 2026 outlook, which suggest that rising expenses and weaker credit trends may limit near-term earnings growth despite the bank’s stronger net interest income. Huntington Bancshares falls on sequential decline in Q3 earnings and reduced guidance

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’s offerings include checking and savings accounts, consumer and residential lending, credit cards, auto finance, mortgages, commercial loans, treasury management, investment and wealth management services, insurance, and other financial solutions.