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Investing.com - Keefe, Bruyette & Woods has reiterated its Market Perform rating and $19.00 price target on Huntington Bancshares (NASDAQ:HBAN).
The research firm noted that Huntington Bancshares has strong business momentum as it enters the second half of 2025, including loan and deposit growth that exceeds its peers. The bank’s commitment to shareholder returns is evidenced by its impressive 55-year streak of consecutive dividend payments, currently yielding 3.69%.
KBW highlighted the recently announced VBTX acquisition, which it says will provide Huntington with additional scale in Texas.
The firm attributed Friday’s 200 basis points of stock underperformance to high investor expectations rather than any significant change in the bank’s fundamental outlook.
Huntington Bancshares continues to demonstrate what KBW characterized as a "strong fundamental outlook" despite the recent stock performance.
In other recent news, Huntington Bancshares reported second-quarter 2025 core earnings per share of $0.38, exceeding both TD Cowen’s estimate of $0.36 and the Street consensus of $0.34. This follows their Q2 2024 earnings where they also surpassed expectations with an EPS of $0.34 against a forecast of $0.33. The company saw an 8% year-over-year revenue growth, indicating strong business performance. Despite these positive earnings, TD Cowen adjusted its price target for Huntington Bancshares to $21.00 from $22.00, though it maintained a Buy rating on the stock.
DA Davidson also raised its price target for the company to $20.00 from $18.00, citing peer-leading loan and deposit growth and a top-quartile adjusted return on tangible common equity of 17.6%. Additionally, Huntington Bancshares announced that its Board of Directors declared a quarterly cash dividend of $0.155 per common share, consistent with the previous quarter. The company also declared quarterly cash dividends on five series of its preferred stock, payable on October 15, 2025. These developments highlight Huntington Bancshares’ ongoing financial activities and analyst evaluations.
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