Gain detailed insights into the trading activity of Congress members for Huntington Bancshares on our government trades page. Stay updated on how elected officials are investing in HBAN.

Huntington Bancshares - Government Trades

Huntington Bancshares

Huntington Bancshares Inc is a regional bank holding company headquartered in Columbus, Ohio. The bank operates in two business segments: Consumer & Regional Banking and Commercial Banking. The bank derives the maximum of its revenue from the Consumer & Business Banking segment. The other segment of the bank consists of Treasury and others. The bank also provides auto dealer, equipment finance, investment management, trust, brokerage, capital market services, and other services.

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Fed stress test results show banks have sufficient buffers to weather economic storm, but Goldman Sachs may face ROE and buyback challenges.

Bank of America Analyst Highlights Fed Stress Test Opacity, Varying Bank Impacts: &#39;Goldman Sachs Worst Hit, Huntington Best&#39;

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U.S. banking sector anticipates improved capital buffers in 2024 stress test, results to be released on June 26. Bank of America expects manageable surprises, closely monitoring Ally, Goldman Sachs, and Citigroup.

US Bank Stress Tests This Week, Analyst Expects Improvement: 8 Stocks, 3 ETFs To Watch

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Huntington Bancshares faces downgrade as analyst cites underperformance, projecting challenges ahead amid adjusted earnings outlook.





Huntington Bancshares Underperforming Relative To Peers, Analyst Downgrades Stock

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Shares of Fifth Third Bancorp (NASDAQ: FITB) gained 3% in the after-market trading as it announced a new share repurchase agreement with Morgan Stanley &amp; Co. LLC (NYSE: MS).

Fifth Third Gains on New Buyback Deal, Offers Q2 Update

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Huntington Bancshares Incorporated (NASDAQ: HBAN) experienced lower-than-average trading volume Monday afternoon with a total of 50.843 million shares exchanged.

Huntington Bancshares Shares Are Trading Lower: What You Need To Know

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Wall Street is experiencing a quiet trading session on Monday, with major indices showing little movement by midday in New York, as traders maintain a cautious stance ahead of the highly anticipated inflation report and Fed meeting this Wed

Market Stays Flat As Investors Anticipate Key Economic Events; Energy Stocks Lead Gains, Regional Banks Decline: What&#39;s Driving Markets Monday?

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

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Regional bank stocks (i.e., Metropolitan Bank) represented by SPDR S&amp;P Regional Banking ETF, have rebounded after hitting 200-day moving average.

Regional Banks Surge: Earnings Propel Rebound From Key Support Level At 200-Day Average

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U.S. stocks are experiencing declines this Friday, on track of ending another week of negative performance. 

S&amp;P 500 Nears 6-Day Slide, Nasdaq 100 Faces Worst Week Since Late 2022: What&#39;s Driving Markets Friday?

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U.S. stocks appear headed for another losing day, potentially marking a sixth consecutive session in the red for Wall Street.

Wall Street On Track For 6th Day Of Losses? Netflix, Geopolitical Tensions Drag Futures Down: Analyst Tells Why Next 2 Weeks Are Pivotal

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Huntington Bancshares Incorporated - Depositary Shares, Each Representing a 1/40th Interest in a Share of 6.875% Series J Non-Cumulative Perpetual Preferred Stock

Huntington Bancshares Incorporated - Depositary Shares each representing a 1/1000th interest in a share of Huntington Series I Preferred Stock

Huntington Bancshares Incorporated - Depositary Shares 4.500% Series H Non-Cumulative Perpetual Preferred Stock

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Shares of banking companies are trading higher. The sector may be moving higher in possible reaction to Thursday's presidential debate.

The latest Federal Reserve stress test results have highlighted &#8220;the inherent opacity&#8221; of the <a href="https://www.benzinga.com/federal-reserve">Fed evaluation process</a>, according to Bank of America analyst Ebrahim H. Poonawala.
The tests, which assess the resilience of banks under severe economic scenarios, revealed a wide range of impacts on minimum capital requirements. Overall, they demonstrated that the institutions have sufficient buffers to weather the storm, albeit with <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39525918/major-banks-fall-short-in-feds-2024-stress-test-results-the-market-will-view-the-re">higher-than-expected losses.</a>
<h3 class="wp-block-heading">Bank Of America&#8217;s Key Insights From the Stress Test Results</h3>
&#8216;Goldman Sachs Worst Hit&#8217;: Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) experienced the largest year-over-year increase in its stress capital buffer (SCB), rising by 100 basis points (bps), which could poses a negative impact on return on equity (ROE) and slower share buybacks in the latter half of 2024, according to Bank of America. Poonawala maintains a Buy rating on Goldman Sachs, confident in the stock&#8217;s long-term prospects.
Wells Fargo Well-Positioned: Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) &#8220;is well positioned to handle its 90bps SCB increase. We don&#8217;t expect the drag from the higher SCB to last,&#8221; Poonawala stated. Bank of America anticipates Wells Fargo to achieve a 14-15% return on tangible common equity (ROTCE) by 2026, assuming the CET1 ratio remains above 11%.
Citigroup Should Positively React: Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) stands out with a 30bps decline in its SCB, potentially freeing up $3 billion for share buybacks. According to Bank of America, this positive development could enhance operating leverage and investor confidence in achieving its 11-12% ROTCE target.
&#8216;Huntington Best Hit&#8217; Among Regional Banks: Banks like Huntington (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NYSE">HBAN</a>) saw a significant 70bps decline in SCB, suggesting a favorable outlook for resuming share buybacks. Conversely, Citizens Financial Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>) experienced a 60bps increase, the highest among regional banks, which might pressure its shares. M&amp;T Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) and Truist Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>) also showed positive outcomes, with excess capital paving the way for potential buybacks. 
Citizens Financial Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>) shares may face pressure due to the 60bps year-over-year increase in SCB, the highest among regional banks. Conversely, KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>) shares could see some relief, alleviating concerns about dividend sustainability.
<h3 class="wp-block-heading">Market Reactions: Regionals Outperform Large Banks</h3>
U.S. bank shares dipped slightly following the stress test results, with the Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) and the Invesco KBW Bank ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBWB#NYSE">KBWB</a>) each down 0.4%. 
In contrast, regional banks outperformed their larger peers, with the SPDR S&amp;P Regional Banking (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) gaining 0.4%. 
Among large institutions, Capital One Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) and Goldman Sachs were the worst performers, both down 2.1%.
Within regionals, First Foundation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FFWM#NYSE">FFWM</a>) and Dime Community Bancshares Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCOM#NYSE">DCOM</a>), outperformed, up 4.9% and 3.6% respectively. 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/macro-notification/24/06/39527471/gdp-growth-upwardly-revised-in-q1-but-consumer-spending-weakens-continuing-jobless-cla">GDP Growth Upwardly Revised In Q1 But Consumer Spending Weakens, Continuing Jobless Claims Hit Nearly 3-Year Highs: Thursday&#8217;s Economic Digest</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Bank of America Analyst Highlights Fed Stress Test Opacity, Varying Bank Impacts: 'Goldman Sachs Worst Hit, Huntington Best'

JP Morgan analyst Steven Alexopoulos maintains Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) with a Overweight and lowers the price target from $17 to $16.5.

JP Morgan Maintains Overweight on Huntington Bancshares, Lowers Price Target to $16.5

Evercore ISI Group analyst John Pancari maintains Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) with a Outperform and lowers the price target from $16.5 to $15.

Evercore ISI Group Maintains Outperform on Huntington Bancshares, Lowers Price Target to $15

The U.S. banking sector is bracing for the 2024 stress test results, scheduled to be released Wednesday <a href="https://www.benzinga.com/markets">after the market closes</a>.
Bank of America analyst Ebrahim H. Poonawala expects this year&#8217;s stress test to show overall improved capital buffers compared to 2023, given the moderately better severely adverse scenario outlined by the Federal Reserve.
<h1 class="wp-block-heading">Improved Capital Buffers Expected</h1>
According to Poonawala, banks are entering the 2024 stress test with approximately 300 basis points (bp) of excess Common Equity Tier 1 (CET1) capital above regulatory minimums, a notable increase from around 185 bp last year. 
&#8220;Surprises from the annual stress test results are inevitable given the inherent opacity, but we expect these to be manageable,&#8221; Poonawala stated. 
The improved capital position would imply a better ability to absorb an increase in the stress capital buffer, which is a positive development as banks navigate real-life challenges posed by the current macroeconomic backdrop and changing regulatory attitudes.
<h1 class="wp-block-heading">Bank Stress Test&#8217;s Severely Adverse Scenario</h1>
The 2024 stress test&#8217;s four scenarios, designed to provide the Federal Reserve with insight into the resiliency of the U.S. banking system, focuses on funding stress and the failure of five large hedge funds. 
In the Fed&#8217;s hypothetical severely adverse stress scenario, the Dow Jones Index is expected to fall 55%, the unemployment rate to rise by 6.3 percentage points to 10%, the VIX or fear index to spike to 75, and the residential and commercial real estate (CRE) markets to experience declines of 36% and 40%, respectively.
Poonawala noted, &#8220;We wondered if the Fed would inject a much steeper fall in CRE prices given the heightened focus on this asset class. CRE prices are expected to decline by 40% from start to trough, consistent with prior years (&#8217;18, &#8217;21, and &#8217;23).&#8221;
According to Bank of America, there is sensitivity to the potential for the Fed to emphasize certain issues, such as CRE, which could lead to unexpected outcomes.
<h1 class="wp-block-heading">Bank Stocks And ETFs To Watch</h1>
Bank of America is closely monitoring the performance of several banks, including the five new stress test participants: Ally Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>), Fifth Third Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NYSE">FITB</a>), Huntington Bancshares Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>), KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>), and Regions Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RF#NYSE">RF</a>).&nbsp;
&#8220;Banks that did not participate in last year&#8217;s stress test could potentially experience harsher loss rates given a worse outlook for GDP, unemployment rate, and CRE values vs. 2022,&#8221; Poonawala stated. 
Other institutions of particular interest according to Bank of America are Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) and M&amp;T Bank Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>).
With a 90 bp decline in stress-test capital buffers (SCB) from 2023 to 2021, driven by reduced exposure to private investments, Goldman Sachs may see continued relief and capital optimization. &#8220;Lower CET1 req. should be viewed positively, supportive of stock momentum,&#8221; Bank of America wrote.
Citigroup would also benefit from a lower CET1 requirement since it could facilitate increased share buybacks over the next year.
With the highest exposure to CRE loans and approximately 250 bp of excess capital above regulatory minimums, M&amp;T is managing towards an 11% CET1 target.
Last year, the bank index closed 1.8% higher (compared to 0.4% for the S&amp;P 500) following the stress test results. Banks that saw a decline in their SCBs rose by 2.6%, those with unchanged SCBs increased by 1.1%, and those with higher SCBs gained 0.4%. This year, investors will be keenly watching for similar trends.
&#8220;Last year banks where the SCB declined, outperformed the bank index (BKX) by 80bp on average the following day and by 220bp vs. those that saw their SCBs rise,&#8221; Poonawala wrote. 
Three banking-related ETFs to keep an eye on this week are:
<ul>
<li>Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</li>
<li>SPDR S&amp;P Bank ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBE#NYSE">KBE</a>)</li>
<li>SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>)</li>
</ul>
Read Now: <a href="https://www.benzinga.com/top-stories/24/06/39457749/tesla-leads-2024-us-tech-layoffs-so-far-followed-by-dell-cisco-xerox-paypal-microsoft">Tesla Leads 2024 US Tech Layoffs So Far, Followed By Dell, Cisco, Xerox, PayPal, Microsoft</a>
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Huntington Bancshares's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NYSE">HBAN</a>) short percent of float has fallen 6.18% since its last report. The company recently reported that it has 21.17 million shares sold short, which is 1.67% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.95 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Huntington Bancshares Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1718805615_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Huntington Bancshares has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Huntington Bancshares's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Huntington Bancshares's peer group average for short interest as a percentage of float is 3.57%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Looking Into Huntington Bancshares's Recent Short Interest

Piper Sandler analyst R. Scott Siefers lowered Huntington Bancshares Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) to Underweight from Neutral, lowering the <a target="_blank" href="https://www.benzinga.com/quote/HBAN/analyst-ratings" rel="noreferrer noopener">price forecast&nbsp;to&nbsp;$11.5</a>.
According to Siefers, the stock is in for a period of underperformance <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">following a stronger start to the year</a>.
Huntington Bancshares started the year on a solid note, highlighting a differentiated loan growth opportunity thanks to its SE expansion and specialty verticals.
The analyst writes that the net interest income (NII) trajectory seemed strong, with the net interest margin (NIM)&nbsp;expected to trough early in the year and increase pretty heavily after that.
However, things toned down for Huntington Bancshares, with expenses growing 4.5% this year, just as most large regionals hope to keep costs flat.
Further, the firm&#8217;s NIM lift lost some steam around the first quarter earnings, and most recently, Huntington Bancshares dialed down its fiscal year 2024 loan growth outlook.
According to Siefers, the company&#8217;s NII trajectory is now &#8220;less robust than at some other peers.&#8221;
The bottom line is that following a solid several months and in light of some steps back in the earnings outlook, the analyst projects the stock will have trouble keeping pace with peers for the time being and will be in for a period of underperformance.
The analyst lowered Huntington Bancshares 2024 earnings per share to $1.17 from $1.18.
The earnings per share estimate for 2025 has been decreased to 1.28 from the prior view of $1.35.
Price Action: HBAN shares are trading lower by 0.32% to $12.30 at the last check on Friday.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/06/39312262/jpmorgans-500m-venture-capital-fund-bets-big-on-weight-loss-drugs-theyre-all-the-rage" target="_blank" rel="noreferrer noopener">JPMorgan&#8217;s $500M Venture Capital Fund Bets Big On Weight-Loss Drugs: &#8216;They&#8217;re All The Rage&#8217;</a>
Photo by Jonathan Weiss via Shutterstock

JP Morgan analyst Steven Alexopoulos maintains Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) with a Overweight and lowers the price target from $18 to $17.

JP Morgan Maintains Overweight on Huntington Bancshares, Lowers Price Target to $17

Huntington Bancshares shares are trading lower after Piper Sandler downgraded the stock from Neutral to Underweight.

Piper Sandler analyst Scott Siefers downgrades Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) from Neutral to Underweight and lowers the price target from $13.5 to $11.5.

Piper Sandler Downgrades Huntington Bancshares to Underweight, Lowers Price Target to $11.5

Shares of Fifth Third Bancorp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fitb#NASDAQ">FITB</a>) gained 3% in the after-market trading as it announced a new share repurchase agreement with Morgan Stanley &amp; Co. LLC (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ms#NYSE">MS</a>). Under this, the company will buy back nearly $125 million of its outstanding common stock. The buyback is part of a 100 million share repurchase program that was announced in June 2019.
Fifth Third stated that it expects to receive a substantial majority of the shares underlying the repurchase agreement by Jun 12, 2024.
<h3>Second-Quarter Revenue Guidance Trimmed</h3>
Further, at Morgan Stanley US Financials, Payments and CRE conference, FITB came up with an updated outlook for the second quarter of 2024. 
Management now expects total revenues to be stable on a sequential basis compared with the previous guidance of an almost 1% increase. This lower revenue guidance is mainly attributable to a change in the non-interest income outlook. The metric is now expected to be stable compared with the previous guidance of 2-4% growth. Besides, FITB continues to expect net interest income to be stable to up 1%.
The company reiterated average loans &amp; leases to be stable for the second quarter of 2024.
Additionally, non-interest expenses are now projected to decline in the range of 7-8% compared with a decrease of 6% reported in the previous guidance.
The net charge-off ratio is projected to be 50 basis points (bps) compared with the earlier guidance of 35-45 bps.
Allowance for credit losses is estimated to be $50 million release compared with the previously mentioned flat to $25 million build. The change in metric reflects stable loan balances and the release of specific reserves related to charge-offs. The company also assumes no change to the macroeconomic outlook and risk profile since the end of the first quarter.
Effective tax rate is now anticipated to be 22% compared with the previous range of 22-23%.
<h3>Conclusion</h3>
With $215 billion of total assets and deposits of $170 billion, FITB holds the top five market share in commercial payments across several product categories. The new share repurchase agreement reflects the company&#39;s enhanced capital distribution plans, which positions it to generate long-term sustainable value for shareholders.
Further, Fifth Third&#39;s consistent investments to generate balanced and growing revenue streams while maintaining peer-leading expense discipline is impressive. Further, the company targets to grow its branch network through 2028, by opening 35-45 branches annually.
Over the past year, shares of FITB have gained 45.4% compared with the industry&#39;s growth of 35.5%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/70/68770.jpg?v=1864583088" />
Image Source: Zacks Investment Research
Currently, Fifth Third carries a Zacks Rank #3 (Hold).
<h3>Outlook Update by Other Bank</h3>
At the same Morgan Stanley Conference, Huntington Bancshares (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hban#NASDAQ">HBAN</a>) provides an update on its 2024 outlook. The bank expects NII to decline between 1% and 4% in 2024. The narrowing projection is primarily due to weaker loan growth as the company focuses on maintaining high marginal returns, as well as increased funding costs linked with strong deposit growth.
HBAN simultaneously lowered the top end of its previously guided loan growth range. The company now expects average loans to grow in the range of 3-4%, a change from previous guidance of 3-5%. The bank projects average deposit to grow in the 3-4% range compared with earlier guidance of 2-4% growth.
<a href="https://www.zacks.com/stock/news/2287787/fifth-third-fitb-gains-on-new-buyback-deal-offers-q2-update?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2287787">To read this article on Zacks.com click here.</a>

Analysts' ratings for Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) over the last quarter vary from bullish to bearish, as provided by 14 analysts.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $15.71, along with a high estimate of $18.00 and a low estimate of $15.00. Marking an increase of 3.56%, the current average surpasses the previous average price target of $15.17. 
<img src="https://www.benzinga.com/files/images/story/2024/1718294420_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Huntington Bancshares. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Erika Najarian</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$15.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Ken Zerbe</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$15.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>David Konrad</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$15.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Jon Arfstrom</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$16.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Steven Alexopoulos</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$18.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Ken Zerbe</td>
<td>Morgan Stanley</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$16.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Terry McEvoy</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$15.00</td>
<td>-</td>
</tr>
<tr>
<td>Jon Arfstrom</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$16.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Ken Usdin</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$16.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Ebrahim Poonawala</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$16.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>David Konrad</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$15.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Steven Alexopoulos</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$16.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Terry McEvoy</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$15.00</td>
<td>-</td>
</tr>
<tr>
<td>John Pancari</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$16.00</td>
<td>$15.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Huntington Bancshares. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Huntington Bancshares compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Huntington Bancshares's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Huntington Bancshares's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/HBAN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Huntington Bancshares analyst ratings.</a>
<h2>Get to Know Huntington Bancshares Better</h2>
Huntington Bancshares Inc is a regional bank holding company headquartered in Columbus, Ohio. The bank operates in two business segments: Consumer &amp; Regional Banking and Commercial Banking. The bank derives the maximum of its revenue from the Consumer &amp; Business Banking segment. The other segment of the bank consists of Treasury and others. The bank also provides auto dealer, equipment finance, investment management, trust, brokerage, capital market services, and other services.
<h3>Key Indicators: Huntington Bancshares's Financial Health</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Decline in Revenue: Over the 3 months period, Huntington Bancshares faced challenges, resulting in a decline of approximately -8.69% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: Huntington Bancshares's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 21.84%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Huntington Bancshares's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 2.26%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Huntington Bancshares's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.2%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Huntington Bancshares's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.88, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Decoding 14 Analyst Evaluations For Huntington Bancshares

UBS analyst Erika Najarian maintains Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) with a Buy and lowers the price target from $16 to $15.

UBS Maintains Buy on Huntington Bancshares, Lowers Price Target to $15

Morgan Stanley analyst Ken Zerbe maintains Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) with a Overweight and lowers the price target from $16 to $15.

Morgan Stanley Maintains Overweight on Huntington Bancshares, Lowers Price Target to $15

Keefe, Bruyette &amp; Woods analyst David Konrad maintains Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) with a Market Perform and maintains $15 price target.

Keefe, Bruyette & Woods Maintains Market Perform on Huntington Bancshares, Maintains $15 Price Target

RBC Capital analyst Jon Arfstrom reiterates Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) with a Outperform and maintains $16 price target.

Reiteration

RBC Capital Reiterates Outperform on Huntington Bancshares, Maintains $16 Price Target

Huntington Bancshares Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) experienced lower-than-average trading volume Monday afternoon with a total of <a href="https://www.benzinga.com/quote/HBAN">50.843 million shares exchanged.</a>
What To Know: The company faced technical difficulties during its presentation at the Morgan Stanley U.S. Financials, Payments &amp; CRE Conference on Monday due to vendor error. Consequently, the live audio webcast was temporarily unavailable in full.
However, the company swiftly addressed the issue, making a full replay version of the audio webcast accessible on the Huntington Bancshares Investor Relations website under the &#8220;Events and Presentations&#8221; section.
What Else: Despite the temporary setback, Huntington Bancshares remains focused on its upcoming second-quarter earnings report scheduled for July 19. 
Analysts anticipate EPS of 29 cents and revenue of $1.83 billion. In the previous quarter, the company outperformed expected EPS of 25 cents, with 28 cents and revenue of $1.75 billion compared to estimates of $1.74 billion.
HBAN Price Action: Huntington Bancshares shares closed Monday down 6.12% at $12.58, according to <a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2">Benzinga pro.</a>
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="547" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/10161159/Screenshot-2024-06-10-161140-1024x547.png" alt="" class="wp-image-380593" style="width:610px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/10161159/Screenshot-2024-06-10-161140-1024x547.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/10161159/Screenshot-2024-06-10-161140-300x160.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/10161159/Screenshot-2024-06-10-161140-768x410.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/06/10161159/Screenshot-2024-06-10-161140.png 1086w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Photo: Courtesy of Huntington Bancshares.

Wall Street is experiencing a quiet trading session on Monday, with major indices showing little movement by midday in New York, as traders maintain a cautious stance ahead of the highly anticipated inflation report and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39252500/fed-meeting-preview-economists-predict-steady-rates-in-june-fewer-cuts-ahead">Fed meeting this Wednesday.</a>
U.S. stocks have erased early session losses sparked by rising volatility in Europe after the latest Parliamentary elections revealed increased support for far-right parties and Emmanuel Macron&#8217;s surprising call for <a href="https://www.benzinga.com/markets/equities/24/06/39249718/macrons-snap-election-gamble-shocks-european-markets-euro-eyes-worst-2-day-performance-in-15-mon">snap elections in France.</a>
The S&amp;P 500 is 0.2% higher, while the tech-heavy Nasdaq 100 slightly outperforms the broader market, rising 0.3%.
Blue-chip stocks soften by 0.1%, while small caps trade mostly flat for the day.
Treasury yields inch higher by about 3 basis points across long-dated maturities, with the benchmark 10-year Note trading at a 4.47% yield. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) falls 0.7%, eyeing its third straight session of declines.
A trade-weighted measure of the U.S. dollar, as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), has risen by 0.2%, buoyed by the greenback&#8217;s gains against the euro, with the EUR-USD exchange rate down 0.4%.
Commodities trade stronger across the spectrum, with oil and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39254869/us-natural-gas-prices-rise-to-5-month-highs-on-hot-weather-forecasts-energy-stocks-">natural gas prices</a> rallying by 2.5% and 3.7%, respectively, driving the outperformance of energy-related stocks. Metals are also in the green, with copper, silver, and gold up 2.2%, 1.7%, and 0.7%, respectively. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is 0.4% higher, reaching $69,950.
<h3 class="wp-block-heading">Monday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,053.31</td>
<td>0.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,355.63</td>
<td>0.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,023.34</td>
<td>0.1%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,746.91</td>
<td>-0.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">As of 12:42 p.m. ET</figcaption></figure>
According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;is 0.2% higher to $534.86.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;is flat at $388.21.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(ARCA: <a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a>QQQ) rises 0.4% to $465.35.</li>
<li>Sector-wise, the&nbsp;Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)&nbsp;outperforms, up by 1.1%, while the&nbsp;Financials Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) eases 0.5%.</li>
<li>Industry-wise, the SPDR S&amp;P Oil &amp; Gas Exploration and Production ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOP#NYSE">XOP</a>) is the session top performer, up 2.2%, while the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) lags behind, down 1.7%. </li>
</ul>
<h3 class="wp-block-heading">Monday&#8217;s Stock Movers</h3>
<ul>
<li>Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) has risen by nearly 8%, after Elliot Investment unveiled a $1.9 billion stake in the airline company. </li>
<li>Huntington Bancshares Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NYSE">HBAN</a>) is down over 5%, after the company slashed its annual net interest income forecasts. </li>
<li>Texas Pacific Land Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>) and RB Global Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBA#NYSE">RBA</a>) are up over 23% and 9%, respectively, on the news that they will be included in the S&amp;P MidCap 400 Index. </li>
<li>CrowdStrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) and GoDaddy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) have risen 9.6%, 11.3% and 2.1%, respectively, as Dow Jones Indices announces the companies&#8217; inclusions in the S&amp;P 500 index.</li>
<li>Tellurian Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TELL#NYSE">TELL</a>) rockets 13.5%, extending a 5-day rally that began last week following rumors of Saudi giant Aramco being in discussions with the company for a liquefied natural gas (LNG) project.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) has extended Friday&#8217;s losses following the Roaring Kitty&#8217;s livestream, down by an additional 15% on Monday, further cooling the meme-stock sentiment. AMC Entertainment Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) is 6% lower. </li>
<li>Shares of&nbsp;ICC Holdings, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICCH#NASDAQ">ICCH</a>) have gained over 35% after Mutual Capital Group announced plans to acquire&nbsp;the company. </li>
</ul>
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Image generated using artificial intelligence via Midjourney.

Market Stays Flat As Investors Anticipate Key Economic Events; Energy Stocks Lead Gains, Regional Banks Decline: What's Driving Markets Monday?

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Wedbush analyst Scott Devitt upgraded the rating for Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) from Neutral to Outperform, while raising the price target from $160 to $165. Airbnb shares gained 2.4% to close at $144.47 on Friday. <a href="https://www.benzinga.com/quote/ABNB/analyst-ratings">See how other analysts view this stock.</a></li>
<li>UBS analyst Juan Perez-Carrascosa upgraded Autoliv, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALV#NYSE">ALV</a>) from Neutral to Buy and boosted the price target from $102 to $141. Autoliv shares gained 1.1% to settle at $125.73 on Friday. <a href="https://www.benzinga.com/quote/ALV/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup analyst Patrick Cunningham upgraded the rating for DuPont de Nemours, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DD#NYSE">DD</a>) from Neutral to Buy, while increasing the price target from $85 to $95. DuPont shares gained 2.8% to settle at $81.12 on Friday. <a href="https://www.benzinga.com/quote/DD/analyst-ratings">See how other analysts view this stock. See how other analysts view this stock.</a></li>
<li>JP Morgan analyst Steven Alexopoulos upgraded Huntington Bancshares Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hban#NASDAQ">HBAN</a>) from Neutral to Overweight and increased the price target from $16 to $18. Huntington Bancshares shares gained 1.2% to close at $13.74 on Friday. <a href="https://www.benzinga.com/quote/HBAN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Guggenheim analyst John Heinbockel upgraded the rating for Sysco Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) from Neutral to Buy and announced a price target of $85. Sysco shares gained 0.1% to settle at $72.95 on Friday. <a href="https://www.benzinga.com/quote/SYY/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) underwent analysis by 11 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $15.73, a high estimate of $18.00, and a low estimate of $14.00. Observing a 7.23% increase, the current average has risen from the previous average price target of $14.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1716897617_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
A clear picture of Huntington Bancshares's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Steven Alexopoulos</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$18.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Ken Zerbe</td>
<td>Morgan Stanley</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$16.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Terry McEvoy</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$15.00</td>
<td>-</td>
</tr>
<tr>
<td>Jon Arfstrom</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$16.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Ken Usdin</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$16.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Ebrahim Poonawala</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$16.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>David Konrad</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$15.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Steven Alexopoulos</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$16.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Terry McEvoy</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$15.00</td>
<td>-</td>
</tr>
<tr>
<td>John Pancari</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$16.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Scott Siefers</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$14.00</td>
<td>$13.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Huntington Bancshares. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Huntington Bancshares compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Huntington Bancshares's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Huntington Bancshares's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/HBAN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Huntington Bancshares analyst ratings.</a>
<h2>Discovering Huntington Bancshares: A Closer Look</h2>
Huntington Bancshares Inc is a regional bank holding company headquartered in Columbus, Ohio. The bank operates in two business segments: Consumer &amp; Regional Banking and Commercial Banking. The bank derives the maximum of its revenue from the Consumer &amp; Business Banking segment. The other segment of the bank consists of Treasury and others. The bank also provides auto dealer, equipment finance, investment management, trust, brokerage, capital market services, and other services.
<h3>Breaking Down Huntington Bancshares's Financial Performance</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Huntington Bancshares's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately -8.69%. This indicates a decrease in the company's top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Huntington Bancshares's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 21.84%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 2.26%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.2%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.88, caution is advised due to increased financial risk.
<h2>The Basics of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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