DA Davidson Has Negative Outlook for HBAN FY2026 Earnings

Huntington Bancshares Incorporated (NASDAQ:HBAN) – Investment analysts at DA Davidson decreased their FY2026 earnings estimates for shares of Huntington Bancshares in a report issued on Wednesday, April 2nd. DA Davidson analyst P. Winter now forecasts that the bank will earn $1.56 per share for the year, down from their prior estimate of $1.58. The consensus estimate for Huntington Bancshares’ current full-year earnings is $1.39 per share.

Other equities analysts have also issued reports about the company. Stephens restated an “equal weight” rating and set a $18.50 target price on shares of Huntington Bancshares in a research report on Friday, February 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $20.00 target price on shares of Huntington Bancshares in a research note on Tuesday, January 21st. Robert W. Baird upgraded shares of Huntington Bancshares from a “neutral” rating to an “outperform” rating and set a $18.00 price objective on the stock in a report on Friday, March 7th. Barclays lifted their target price on Huntington Bancshares from $17.00 to $19.00 and gave the company an “equal weight” rating in a research report on Monday, January 6th. Finally, Morgan Stanley reduced their price target on Huntington Bancshares from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.94.

Huntington Bancshares Stock Down 6.4 %

NASDAQ:HBAN opened at $12.60 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. Huntington Bancshares has a 12-month low of $12.05 and a 12-month high of $18.45. The stock’s fifty day simple moving average is $15.79 and its 200-day simple moving average is $16.13. The firm has a market capitalization of $18.41 billion, a P/E ratio of 10.24, a P/E/G ratio of 1.33 and a beta of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the firm earned $0.27 EPS.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.155 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.62 annualized dividend and a dividend yield of 4.92%. Huntington Bancshares’s dividend payout ratio is currently 50.41%.

Insider Buying and Selling

In other news, VP Scott D. Kleinman sold 69,088 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $14.67, for a total transaction of $1,013,520.96. Following the completion of the sale, the vice president now owns 453,129 shares in the company, valued at $6,647,402.43. The trade was a 13.23 % 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 3,521 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $15.25, for a total value of $53,695.25. Following the transaction, the vice president now owns 47,950 shares in the company, valued at approximately $731,237.50. This trade represents a 6.84 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 111,781 shares of company stock valued at $1,631,151. 0.89% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HBAN. Versant Capital Management Inc boosted its position in shares of Huntington Bancshares by 410.9% in the first quarter. Versant Capital Management Inc now owns 5,492 shares of the bank’s stock valued at $82,000 after acquiring an additional 4,417 shares during the period. First Hawaiian Bank boosted its holdings in Huntington Bancshares by 42.3% in the 1st quarter. First Hawaiian Bank now owns 47,324 shares of the bank’s stock valued at $710,000 after purchasing an additional 14,062 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Huntington Bancshares by 89.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 376,733 shares of the bank’s stock worth $6,129,000 after purchasing an additional 177,356 shares in the last quarter. NorthCrest Asset Manangement LLC increased its holdings in shares of Huntington Bancshares by 7.7% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 12,013 shares of the bank’s stock worth $195,000 after purchasing an additional 856 shares during the period. Finally, Park Square Financial Group LLC acquired a new stake in shares of Huntington Bancshares in the fourth quarter valued at approximately $96,000. 80.72% of the stock is 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.