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Investing.com - Wolfe Research lowered its price target on Huntington Bancshares (NASDAQ:HBAN) to $19.00 from $21.00 on Monday, while maintaining an Outperform rating on the stock. The target falls within the broader analyst range of $15-23, with InvestingPro data showing 4 analysts recently revising their earnings estimates upward for the upcoming period.
The firm adjusted its price target following Huntington’s third-quarter 2025 earnings report and conference call that took place on Friday. Huntington shares closed up approximately 1% after the earnings announcement, performing broadly in line with the Wolfe Research Mid-Cap Bank Index.
Wolfe Research raised its 2026 earnings per share estimates for Huntington to $1.66 from $1.63, and its 2027 estimates to $1.87 from $1.84, citing a better-than-expected pre-provision net revenue growth trajectory for the bank.
Despite the improved earnings outlook, the research firm lowered its year-end 2026 price target to reflect what it described as a broad derating of the banking sector relative to the market multiple.
Huntington Bancshares, headquartered in Columbus, Ohio, is a regional bank holding company operating primarily in the Midwest.
In other recent news, Huntington Bancshares reported stronger-than-expected financial results for the third quarter of 2025. The company announced earnings per share of $0.41, surpassing the forecast of $0.37, and revenue reached $2.15 billion, exceeding the anticipated $2.05 billion. Additionally, Huntington Bancshares raised its full-year 2025 standalone net interest income growth guidance to 10-11% from the previous 8-9% range. Despite these solid results, Jefferies lowered its price target for Huntington Bancshares from $22.00 to $20.00, while maintaining a Buy rating on the stock. The company also declared a quarterly cash dividend of $0.155 per common share, consistent with the previous quarter, payable on January 2, 2026. Furthermore, dividends were declared on six series of its preferred stock, payable on January 15, 2026. These developments reflect Huntington Bancshares’ ongoing financial performance and strategic decisions.
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