DA Davidson Boosts Huntington Bancshares (NASDAQ:HBAN) Price Target to $17.50

Huntington Bancshares (NASDAQ:HBAN) had its price target upped by DA Davidson from $16.50 to $17.50 in a report published on Monday, Benzinga reports. The brokerage currently has a buy rating on the bank’s stock. DA Davidson also issued estimates for Huntington Bancshares’ Q4 2024 earnings at $0.30 EPS and FY2025 earnings at $1.34 EPS.

HBAN has been the subject of a number of other research reports. Argus upped their price objective on shares of Huntington Bancshares from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Monday, July 22nd. Piper Sandler upped their price objective on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company an “underweight” rating in a research report on Friday, October 18th. StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Baird R W cut shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, Robert W. Baird cut Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 target price for the company. in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Huntington Bancshares presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.03.

Huntington Bancshares Stock Performance

HBAN stock opened at $15.54 on Monday. The business’s fifty day moving average is $14.64 and its 200-day moving average is $13.96. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.96. The company has a market cap of $22.52 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. Huntington Bancshares has a twelve month low of $9.25 and a twelve month high of $16.03.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the business posted $0.36 EPS. Equities research analysts forecast that Huntington Bancshares will post 1.18 EPS for the current year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 18th will be paid a dividend of $0.155 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.99%. Huntington Bancshares’s dividend payout ratio is 55.86%.

Insider Activity at Huntington Bancshares

In related news, VP Brendan A. Lawlor sold 9,050 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $15.06, for a total value of $136,293.00. Following the completion of the sale, the vice president now directly owns 11,111 shares in the company, valued at approximately $167,331.66. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Huntington Bancshares news, insider Helga Houston sold 11,288 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $15.02, for a total transaction of $169,545.76. Following the completion of the sale, the insider now directly owns 618,832 shares in the company, valued at $9,294,856.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Brendan A. Lawlor sold 9,050 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $15.06, for a total transaction of $136,293.00. Following the sale, the vice president now owns 11,111 shares of the company’s stock, valued at $167,331.66. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Huntington Bancshares

Several hedge funds have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in Huntington Bancshares by 13.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,008,423 shares of the bank’s stock worth $14,763,000 after acquiring an additional 122,423 shares during the last quarter. Lake Street Advisors Group LLC lifted its position in Huntington Bancshares by 5.0% during the third quarter. Lake Street Advisors Group LLC now owns 17,783 shares of the bank’s stock worth $264,000 after acquiring an additional 846 shares during the last quarter. Ballentine Partners LLC increased its holdings in shares of Huntington Bancshares by 17.2% during the third quarter. Ballentine Partners LLC now owns 18,848 shares of the bank’s stock worth $277,000 after purchasing an additional 2,771 shares during the period. Mount Yale Investment Advisors LLC increased its holdings in shares of Huntington Bancshares by 4.7% during the third quarter. Mount Yale Investment Advisors LLC now owns 49,479 shares of the bank’s stock worth $727,000 after purchasing an additional 2,239 shares during the period. Finally, Dakota Wealth Management increased its holdings in shares of Huntington Bancshares by 7.4% during the third quarter. Dakota Wealth Management now owns 15,225 shares of the bank’s stock worth $224,000 after purchasing an additional 1,045 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Company Profile

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.