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Friday, analysts at DA Davidson maintained a positive outlook on Huntington Bancshares (NASDAQ:HBAN) stock, reiterating their Buy rating and a $20.50 price target. Trading at $16.93 with a P/E ratio of 13.65, InvestingPro data shows the stock is currently fairly valued. Following HBAN’s Investor Day, DA Davidson’s Peter Winter expressed continued confidence in the bank’s potential for strong revenue growth, joining eight other analysts who have revised their earnings expectations upward. Winter highlighted HBAN’s prospects for long-term growth through market share gains in its core areas, as well as expansion into new markets, products, and services.
The company’s management has shifted focus towards organic growth, moving away from traditional bank mergers and acquisitions. According to Winter, management at Huntington Bancshares made it clear that M&A is not currently a priority and that they are not working on any deals at this time.
Winter’s analysis suggests that Huntington Bancshares is on track to deliver positive operating leverage in 2025. He forecasts this leverage to be at the upper end of its peers, with an expected 180 basis points (bp) and an impressive 270 bp in 2026. This level of performance would indicate a strong operational efficiency and profitability for the bank.
The bank’s commitment to organic growth and positive operating leverage aligns with its strategic goals. DA Davidson’s reaffirmation of the Buy rating and price target suggests a belief in the bank’s ability to execute its growth strategy and deliver shareholder value.
Investors may find the emphasis on organic growth and operational efficiency as indicators of Huntington Bancshares’ focus on sustainable growth and long-term performance. The reiterated price target of $20.50 by DA Davidson reflects confidence in the bank’s direction and future financial success.
In other recent news, Huntington Bancshares has been the subject of several analyst reports. Truist Securities has updated its outlook on the bank, raising the price target from $19.00 to $21.00 while maintaining a Buy rating. The firm’s analyst, Brian Foran, has increased the estimated earnings per share (EPS) for 2025 and 2026, reflecting positive expectations for the bank’s future earnings and growth potential.
Conversely, DA Davidson has adjusted its outlook on Huntington Bancshares, reducing the price target to $20.50 from the previous $21.50, while maintaining a Buy rating. The revision follows the bank’s recent financial performance, which featured robust revenue growth slightly offset by increased expenses.
Evercore ISI has also maintained a positive outlook on Huntington Bancshares, raising the price target from $18.00 to $20.00 and reaffirming an Outperform rating. The firm recognizes the bank’s robust fundamental trajectory, including better-than-peer loan and deposit trends, increasing net interest income (NII) growth, and moderate net interest margin (NIM) upside.
JPMorgan has reiterated an Overweight rating on Huntington Bancshares, increasing the price target to $20.00 from the previous $18.50. The firm’s confidence in the bank’s potential earnings growth and NII trends, expected to outperform initial projections, drives this revision.
These are among the recent developments for Huntington Bancshares, providing investors with a snapshot of the bank’s current standing according to various analyst firms.
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