Investment Analysts’ Weekly Ratings Changes for Huntington Bancshares (HBAN)

Several analysts have recently updated their ratings and price targets for Huntington Bancshares (NASDAQ: HBAN):

• 1/21/2025 – Huntington Bancshares had its price target lowered by analysts at Piper Sandler from $17.50 to $17.00. They now have an “underweight” rating on the stock.
• 1/21/2025 – Huntington Bancshares had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $20.00 price target on the stock.
• 1/21/2025 – Huntington Bancshares had its “equal weight” rating reaffirmed by analysts at Stephens. They now have a $18.50 price target on the stock.
• 1/21/2025 – Huntington Bancshares had its price target raised by analysts at Truist Financial Co. from $19.00 to $21.00. They now have a “buy” rating on the stock.
• 1/7/2025 – Huntington Bancshares is now covered by analysts at Truist Financial Co.. They set a “buy” rating and a $19.00 price target on the stock.
• 1/6/2025 – Huntington Bancshares had its price target raised by analysts at Barclays PLC from $17.00 to $19.00. They now have an “equal weight” rating on the stock.
• 12/23/2024 – Huntington Bancshares had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $20.00 price target on the stock.
• 12/12/2024 – Huntington Bancshares had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $20.00 price target on the stock.
• 12/12/2024 – Huntington Bancshares was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.

Huntington Bancshares Price Performance

NASDAQ:HBAN traded up $0.15 during trading hours on Tuesday, reaching $16.99. 12,537,977 shares of the company traded hands, compared to its average volume of 19,013,309. The stock has a market cap of $24.68 billion, a P/E ratio of 13.81, a P/E/G ratio of 1.42 and a beta of 1.07. The firm’s 50-day moving average is $16.93 and its 200-day moving average is $15.76. Huntington Bancshares Incorporated has a 1-year low of $12.05 and a 1-year high of $18.44. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, January 17th. The bank reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same quarter in the prior year, the company earned $0.27 earnings per share. Equities research analysts expect that Huntington Bancshares Incorporated will post 1.4 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares’s dividend payout ratio is presently 50.41%.

Insider Activity

In other news, VP Scott D. Kleinman sold 28,600 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total transaction of $505,362.00. Following the completion of the transaction, the vice president now directly owns 496,076 shares of the company’s stock, valued at $8,765,662.92. This trade represents a 5.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Zachary Jacob Wasserman sold 8,644 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total value of $152,393.72. Following the sale, the chief financial officer now directly owns 259,943 shares of the company’s stock, valued at $4,582,795.09. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Huntington Bancshares

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc boosted its holdings in Huntington Bancshares by 120.6% during the fourth quarter. IFP Advisors Inc now owns 4,503 shares of the bank’s stock worth $73,000 after purchasing an additional 2,462 shares during the last quarter. Midwest Capital Advisors LLC purchased a new position in Huntington Bancshares in the 4th quarter worth approximately $37,000. Atlantic Family Wealth LLC purchased a new stake in shares of Huntington Bancshares in the 4th quarter valued at $204,000. Pinnacle Financial Partners Inc boosted its stake in shares of Huntington Bancshares by 59.8% in the 4th quarter. Pinnacle Financial Partners Inc now owns 19,770 shares of the bank’s stock valued at $322,000 after purchasing an additional 7,397 shares in the last quarter. Finally, Bell Bank increased its holdings in Huntington Bancshares by 11.0% during the 4th quarter. Bell Bank now owns 558,470 shares of the bank’s stock valued at $9,086,000 after purchasing an additional 55,163 shares during the period. 80.72% of the stock is owned by institutional investors and hedge funds.

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.