With a market cap of $24.2 billion, Huntington Bancshares Incorporated (HBAN) is a diversified regional bank holding company. Through its subsidiary, The Huntington National Bank, it provides a wide range of commercial, consumer, and wealth management financial services across multiple states in the U.S.
The Columbus, Ohio-based company’s shares have lagged behind the broader market over the past 52 weeks. HBAN stock has risen 9.4% over this time frame, while the broader S&P 500 Index ($SPX) has rallied over 17%. In addition, shares of Huntington Bancshares are up 1.9% on a YTD basis, compared to SPX’s 8.2% gain.
Looking closer, the regional bank holding company stock has also underperformed the Financial Select Sector SPDR Fund’s (XLF) 19.6% return over the past 52 weeks and 8.5% increase on a YTD basis.
Despite reporting Q2 2025 adjusted EPS of $0.38 that matched the consensus estimate and better-than-expected revenue of over $2 billion, HBAN shares fell 1.6% on Jul. 18 due to rising non-interest expenses, which increased 7% year-over-year. Non-interest income also declined 4%, and credit quality showed mixed results, with a 3% rise in credit loss provisions and a 9.2% increase in non-performing assets. Additionally, a $58 million hit from securities repositioning reduced pre-tax earnings and impacted EPS, raising investor concerns.
For the current fiscal year, ending in December 2025, analysts expect HBAN’s adjusted EPS to grow 18.6% year-over-year to $1.47. The company’s earnings surprise history is promising. It beat or met the consensus estimates in the last four quarters.
Among the 21 analysts covering the stock, the consensus rating is a “Strong Buy.” That’s based on 15 “Strong Buy” ratings, two “Moderate Buys,” three “Holds,” and one “Strong Sell.”
On Jul. 10, JPMorgan raised its price target on Huntington Bancshares to $18 while maintaining an “Overweight” rating.
As of writing, the stock is trading below the mean price target of $19.17. The Street-high price target of $21 implies a potential upside of 27.3% from the current price levels.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
