Huntington Bancshares (NASDAQ:HBAN) Rating Lowered to "Hold" at Zacks Research

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) was downgraded by equities researchers at Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued on Tuesday,Zacks.com reports.

• 3 Regional Bank Stocks to Buy on Relaxed Regulations

HBAN has been the topic of several other research reports. Evercore ISI began coverage on Huntington Bancshares in a research report on Tuesday, October 21st. They issued an "outperform" rating and a $18.00 price target on the stock. Keefe, Bruyette & Woods boosted their target price on Huntington Bancshares from $19.00 to $20.00 and gave the company a "market perform" rating in a report on Monday, October 20th. Raymond James Financial restated a "strong-buy" rating and set a $20.00 price target (down previously from $21.00) on shares of Huntington Bancshares in a research note on Monday, October 20th. Jefferies Financial Group lifted their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a "buy" rating in a research report on Monday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Huntington Bancshares from $18.00 to $18.50 and gave the stock an "overweight" rating in a research report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Huntington Bancshares presently has a consensus rating of "Moderate Buy" and an average target price of $19.69.

View Our Latest Report on HBAN

Huntington Bancshares Price Performance

• New York Community Bank stock plummets amid real estate risks

Shares of HBAN opened at $17.04 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.92 and a quick ratio of 0.91. Huntington Bancshares has a 1-year low of $11.91 and a 1-year high of $18.03. The stock has a market cap of $24.87 billion, a PE ratio of 11.92, a price-to-earnings-growth ratio of 0.62 and a beta of 0.96. The firm has a fifty day moving average price of $16.05 and a 200 day moving average price of $16.47.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its earnings results on Monday, December 1st. The bank reported $0.67 earnings per share (EPS) for the quarter. The firm had revenue of $580.00 million during the quarter. Huntington Bancshares had a return on equity of 12.14% and a net margin of 18.06%. As a group, sell-side analysts anticipate that Huntington Bancshares will post 1.39 EPS for the current year.

Insider Activity

• Don't Miss Out: $2 Trillion Could Head to the Banking Sector

In related news, insider Helga Houston sold 64,587 shares of the business's stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $15.38, for a total value of $993,348.06. Following the completion of the sale, the insider directly owned 534,640 shares in the company, valued at approximately $8,222,763.20. The trade was a 10.78% 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 the SEC website. Also, Director John C. Inglis acquired 6,506 shares of the stock in a transaction dated Tuesday, November 4th. The shares were bought at an average cost of $15.30 per share, with a total value of $99,541.80. Following the completion of the purchase, the director directly owned 89,831 shares in the company, valued at approximately $1,374,414.30. This trade represents a 7.81% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold 112,103 shares of company stock worth $1,833,558 over the last ninety days. 0.89% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HBAN. MTM Investment Management LLC bought a new stake in shares of Huntington Bancshares during the second quarter valued at approximately $25,000. Family Legacy Financial Solutions LLC bought a new position in shares of Huntington Bancshares in the second quarter worth $25,000. Palisade Asset Management LLC acquired a new stake in Huntington Bancshares in the third quarter worth about $26,000. South Plains Financial Inc. increased its stake in Huntington Bancshares by 116.3% during the 3rd quarter. South Plains Financial Inc. now owns 1,536 shares of the bank's stock valued at $27,000 after buying an additional 826 shares during the period. Finally, Accredited Wealth Management LLC boosted its holdings in shares of Huntington Bancshares by 374.5% in the third quarter. Accredited Wealth Management LLC now owns 1,675 shares of the bank's stock valued at $29,000 after acquiring an additional 1,322 shares in the last quarter. 80.72% of the stock is owned by institutional investors and hedge funds.

About Huntington Bancshares

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.

Featured Stories

• Five stocks we like better than Huntington Bancshares
• What is Short Interest? How to Use It
• MongoDB Just Posted a Blowout Quarter—But Is It Too Hot to Touch?
• What Are Trending Stocks? Trending Stocks Explained
• 3 Stocks Poised to Benefit From Google’s AI Breakthough
• The Role Economic Reports Play in a Successful Investment Strategy
• Beyond NVIDIA: 5 Semiconductor Stocks Set to Dominate 2026

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Huntington Bancshares Right Now?

Before you consider Huntington Bancshares, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Huntington Bancshares wasn't on the list.

While Huntington Bancshares currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here