DA Davidson Boosts Huntington Bancshares (NASDAQ:HBAN) Price Target to $21.00

Huntington Bancshares (NASDAQ:HBAN) had its price objective upped by equities researchers at DA Davidson from $20.00 to $21.00 in a report released on Monday,MarketScreener reports. The brokerage currently has a “buy” rating on the bank’s stock. DA Davidson’s price target indicates a potential upside of 31.74% from the company’s previous close. DA Davidson also issued estimates for Huntington Bancshares’ Q4 2025 earnings at $0.40 EPS, FY2025 earnings at $1.51 EPS and FY2026 earnings at $1.67 EPS.

Several other equities research analysts also recently weighed in on HBAN. Keefe, Bruyette & Woods upped their target price on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “market perform” rating in a research note on Monday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Huntington Bancshares in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on shares of Huntington Bancshares from $18.00 to $18.50 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Truist Financial boosted their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Finally, TD Cowen boosted their price target on shares of Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.76.

Huntington Bancshares Trading Up 0.6%

Shares of HBAN stock opened at $15.94 on Monday. Huntington Bancshares has a fifty-two week low of $11.91 and a fifty-two week high of $18.44. The company has a 50 day moving average price of $17.07 and a 200 day moving average price of $16.14. The stock has a market capitalization of $23.25 billion, a P/E ratio of 11.15, a price-to-earnings-growth ratio of 0.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.91 and a current ratio of 0.92.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. The firm had revenue of $469.00 million for the quarter. Equities research analysts predict that Huntington Bancshares will post 1.39 EPS for the current fiscal year.

Insider Activity

In other news, EVP Marcy C. Hingst sold 41,100 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $739,800.00. Following the completion of the transaction, the executive vice president owned 299,361 shares in the company, valued at approximately $5,388,498. This represents a 12.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.89% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of HBAN. Norges Bank acquired a new position in shares of Huntington Bancshares in the 2nd quarter valued at $374,474,000. AQR Capital Management LLC boosted its holdings in shares of Huntington Bancshares by 274.9% in the 1st quarter. AQR Capital Management LLC now owns 10,758,669 shares of the bank’s stock valued at $157,292,000 after buying an additional 7,889,004 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Huntington Bancshares by 8.7% in the 1st quarter. Invesco Ltd. now owns 57,186,593 shares of the bank’s stock valued at $858,371,000 after buying an additional 4,586,607 shares in the last quarter. Amundi boosted its holdings in shares of Huntington Bancshares by 26.2% in the 1st quarter. Amundi now owns 22,011,639 shares of the bank’s stock valued at $330,395,000 after buying an additional 4,576,432 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Huntington Bancshares in the 1st quarter valued at $50,078,000. Institutional investors and hedge funds own 80.72% of the company’s stock.

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.