Huntington Bancshares (HBAN) Stock Forecast, Price Target & Predictions
HBAN Stock Forecast
Huntington Bancshares stock forecast is as follows: an average price target of $16.40 (represents a -6.45% downside from HBAN’s last price of $17.53) and a rating consensus of 'Buy', based on 12 wall street analysts offering a 1-year stock forecast.
HBAN Price Target
The average price target for Huntington Bancshares (HBAN) is $16.40 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $18.00 to $14.50. This represents a potential -6.45% downside from HBAN's last price of $17.53.
HBAN Analyst Ratings
According to 12 Wall Street analysts, Huntington Bancshares's rating consensus is 'Buy'. The analyst rating breakdown for HBAN stock is 1 'Strong Buy' (8.33%), 6 'Buy' (50.00%), 4 'Hold' (33.33%), 1 'Sell' (8.33%), and 0 'Strong Sell' (0.00%).
Huntington Bancshares Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 21, 2024 | Keith Horowitz | Citigroup | $18.00 | $15.36 | 17.19% | 2.68% |
| Oct 18, 2024 | Scott Siefers | Piper Sandler | $15.00 | $15.43 | -2.79% | -14.43% |
| Aug 05, 2024 | Manan Gosalia | Morgan Stanley | $18.00 | $13.75 | 30.91% | 2.68% |
| Jul 26, 2024 | David George | Robert W. Baird | $15.00 | $15.06 | -0.40% | -14.43% |
| Jul 22, 2024 | Kevin Heal | Argus Research | $16.00 | $15.01 | 6.60% | -8.73% |
| Jul 22, 2024 | Jon Arfstrom | RBC Capital | $17.00 | $14.86 | 14.44% | -3.02% |
| Jul 22, 2024 | Manan Gosalia | Morgan Stanley | $16.00 | $14.80 | 8.07% | -8.73% |
| Jul 22, 2024 | Peter Winter | D.A. Davidson | $17.50 | $15.01 | 16.59% | -0.17% |
| Jul 22, 2024 | Terry McEvoy | Stephens | $16.00 | $15.01 | 6.60% | -8.73% |
| Jun 14, 2024 | Scott Siefers | Piper Sandler | $11.50 | $12.34 | -6.81% | -34.40% |
The latest Huntington Bancshares stock forecast, released on Oct 21, 2024 by Keith Horowitz from Citigroup, set a price target of $18.00, which represents a 17.19% increase from the stock price at the time of the forecast ($15.36), and a 2.68% increase from HBAN last price ($17.53).
Huntington Bancshares Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 2 | 14 |
| Avg Price Target | $16.50 | $16.50 | $15.68 |
| Last Closing Price | $17.53 | $17.53 | $17.53 |
| Upside/Downside | -5.88% | -5.88% | -10.55% |
In the current month, the average price target of Huntington Bancshares stock is $16.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a -5.88% decrease as opposed to Huntington Bancshares's last price of $17.53. This month's average price target is down 0.00% compared to last quarter, and up 5.23% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 21, 2024 | RBC Capital | Buy | Buy | Hold |
| Oct 21, 2024 | Citigroup | Buy | Buy | Hold |
| Oct 18, 2024 | Sandler O'Neill | Buy | Buy | Hold |
| Oct 18, 2024 | Piper Sandler | Underweight | Underweight | Hold |
| Oct 18, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Oct 02, 2024 | Piper Sandler | Underperform | Underperform | Hold |
| Oct 02, 2024 | RBC Capital | Market Perform | Market Perform | Hold |
| Sep 03, 2024 | Piper Sandler | Underweight | Underweight | Hold |
| Jul 22, 2024 | UBS | Market Perform | Market Perform | Hold |
| Jul 22, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
Huntington Bancshares's last stock rating was published by RBC Capital on Oct 21, 2024. The company gave HBAN a "Buy" rating, the same as its previous rate.
Huntington Bancshares Financial Forecast
Huntington Bancshares Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.88B | $1.84B | $1.92B | $1.96B | $1.90B | $1.75B | $1.65B | $1.65B | $1.70B | $1.28B | $1.37B | $1.23B | $1.25B | $1.18B | $1.15B | $1.15B | $1.17B |
| Avg Forecast | $2.07B | $1.87B | $1.83B | $1.77B | $1.99B | $1.95B | $1.90B | $1.85B | $1.87B | $1.86B | $1.81B | $1.74B | $1.76B | $1.82B | $1.84B | $1.90B | $1.95B | $1.84B | $1.71B | $1.63B | $1.69B | $1.70B | $1.28B | $1.22B | $1.25B | $1.23B | $1.14B | $1.15B | $1.16B | $1.17B |
| High Forecast | $2.11B | $1.91B | $1.86B | $1.80B | $2.02B | $1.99B | $1.94B | $1.89B | $1.92B | $1.86B | $1.81B | $1.74B | $1.84B | $1.85B | $1.87B | $1.94B | $1.98B | $1.84B | $1.71B | $1.63B | $1.69B | $1.70B | $1.28B | $1.22B | $1.25B | $1.23B | $1.14B | $1.15B | $1.16B | $1.17B |
| Low Forecast | $2.05B | $1.85B | $1.81B | $1.75B | $1.96B | $1.93B | $1.88B | $1.83B | $1.86B | $1.85B | $1.81B | $1.74B | $1.73B | $1.80B | $1.81B | $1.88B | $1.92B | $1.84B | $1.71B | $1.63B | $1.69B | $1.70B | $1.28B | $1.22B | $1.25B | $1.23B | $1.14B | $1.15B | $1.16B | $1.17B |
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 9 | 4 | 5 | 10 | 11 | 5 | 5 | 9 | 5 | 4 | 4 | 7 | 5 | 5 | 10 | 7 | 10 | 10 | 10 | 10 | 9 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.00% | 1.01% | 1.01% | 1.03% | 1.02% | 1.01% | 0.97% | 1.00% | 1.00% | 1.12% | 0.99% | 1.02% | 1.03% | 1.00% | 0.99% | 1.00% |
Huntington Bancshares's average Quarter revenue forecast for Dec 23 based on 11 analysts is $1.76B, with a low forecast of $1.73B, and a high forecast of $1.84B. HBAN's average Quarter revenue forecast represents a -6.16% decrease compared to the company's last Quarter revenue of $1.88B (Sep 23).
Huntington Bancshares EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 9 | 4 | 5 | 10 | 11 | 5 | 5 | 9 | 5 | 4 | 4 | 7 | 5 | 5 | 10 | 7 | 10 | 10 | 10 | 10 | 9 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $701.00M | $714.00M | $1.39B | $1.31B | $1.07B | $824.00M | $726.00M | $631.00M | $537.00M | $299.00M | $602.00M | $537.00M | $513.00M | $350.00M | $362.00M | $681.00M | $796.00M |
| Avg Forecast | $799.41M | $722.16M | $705.68M | $682.07M | $766.38M | $752.88M | $734.06M | $711.74M | $721.25M | $715.57M | $697.01M | $907.74M | $678.93M | $701.81M | $708.26M | $825.22M | $824.24M | $632.64M | $586.57M | $750.20M | $582.40M | $584.99M | $441.74M | $378.40M | $429.89M | $421.85M | $393.59M | $594.11M | $400.11M | $403.06M |
| High Forecast | $813.86M | $735.21M | $718.43M | $694.40M | $780.23M | $766.49M | $747.33M | $727.05M | $740.53M | $717.35M | $697.01M | $1.09B | $709.97M | $714.49M | $721.06M | $990.26M | $989.09M | $632.64M | $586.57M | $900.24M | $582.40M | $584.99M | $441.74M | $454.08M | $429.89M | $421.85M | $393.59M | $712.93M | $400.11M | $403.06M |
| Low Forecast | $788.39M | $712.20M | $695.95M | $672.66M | $755.81M | $742.50M | $723.94M | $704.09M | $717.39M | $713.79M | $697.01M | $726.19M | $667.30M | $692.13M | $698.49M | $660.18M | $659.39M | $632.64M | $586.57M | $600.16M | $582.40M | $584.99M | $441.74M | $302.72M | $429.89M | $421.85M | $393.59M | $475.28M | $400.11M | $403.06M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.01% | 1.68% | 1.59% | 1.70% | 1.40% | 0.97% | 1.08% | 0.92% | 0.68% | 1.59% | 1.25% | 1.22% | 0.89% | 0.61% | 1.70% | 1.97% |
11 analysts predict HBAN's average Quarter EBITDA for Dec 23 to be $678.93M, with a high of $709.97M and a low of $667.30M. This is -3.15% lower than Huntington Bancshares's previous annual EBITDA (Sep 23) of $701.00M.
Huntington Bancshares Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 9 | 4 | 5 | 10 | 11 | 5 | 5 | 9 | 5 | 4 | 4 | 7 | 5 | 5 | 10 | 7 | 10 | 10 | 10 | 10 | 9 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $547.00M | $559.00M | $602.00M | $645.00M | $594.00M | $539.00M | $460.00M | $402.00M | $377.00M | $-15.00M | $532.00M | $316.00M | $303.00M | $150.00M | $48.00M | $317.00M | $372.00M |
| Avg Forecast | $563.44M | $554.43M | $525.60M | $491.48M | $533.06M | $515.16M | $477.60M | $439.42M | $446.73M | $439.36M | $415.24M | $575.15M | $184.36M | $471.11M | $497.46M | $522.87M | $523.81M | $562.25M | $499.79M | $475.33M | $438.14M | $455.24M | $401.59M | $334.40M | $430.65M | $368.24M | $57.75M | $78.78M | $454.01M | $490.18M |
| High Forecast | $576.67M | $567.46M | $537.95M | $503.03M | $545.58M | $527.25M | $488.82M | $468.71M | $476.50M | $444.93M | $415.34M | $690.18M | $205.63M | $482.18M | $509.15M | $627.44M | $628.57M | $562.25M | $499.79M | $570.40M | $438.14M | $455.24M | $401.59M | $401.28M | $430.65M | $368.24M | $57.75M | $94.53M | $454.01M | $490.18M |
| Low Forecast | $553.34M | $544.49M | $516.18M | $482.66M | $523.50M | $505.93M | $469.03M | $410.13M | $431.84M | $433.79M | $415.14M | $460.12M | $163.09M | $462.66M | $488.54M | $418.29M | $419.05M | $562.25M | $499.79M | $380.27M | $438.14M | $455.24M | $401.59M | $267.52M | $430.65M | $368.24M | $57.75M | $63.02M | $454.01M | $490.18M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.16% | 1.12% | 1.15% | 1.23% | 1.06% | 1.08% | 0.97% | 0.92% | 0.83% | -0.04% | 1.59% | 0.73% | 0.82% | 2.60% | 0.61% | 0.70% | 0.76% |
Huntington Bancshares's average Quarter net income forecast for Dec 23 is $184.36M, with a range of $163.09M to $205.63M. HBAN's average Quarter net income forecast represents a -66.30% decrease compared to the company's last Quarter net income of $547.00M (Sep 23).
Huntington Bancshares SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 9 | 4 | 5 | 10 | 11 | 5 | 5 | 9 | 5 | 4 | 4 | 7 | 5 | 5 | 10 | 7 | 10 | 10 | 10 | 10 | 9 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $676.00M | $668.00M | $694.00M | $666.00M | $653.00M | $621.00M | $619.00M | $503.00M | $685.00M | $615.00M | $490.00M | $448.00M | $468.00M | $432.00M | $413.00M | $445.00M | $424.00M |
| Avg Forecast | $788.84M | $712.62M | $696.35M | $673.05M | $756.25M | $742.93M | $724.36M | $702.33M | $711.71M | $706.11M | $687.79M | $773.96M | $669.96M | $692.53M | $698.90M | $703.60M | $657.04M | $699.55M | $648.60M | $639.63M | $644.00M | $646.86M | $488.46M | $308.00M | $475.35M | $466.47M | $435.21M | $677.81M | $442.43M | $445.69M |
| High Forecast | $803.10M | $725.50M | $708.94M | $685.22M | $769.91M | $756.36M | $737.45M | $717.44M | $730.74M | $707.87M | $687.79M | $928.75M | $700.59M | $705.05M | $711.53M | $844.32M | $788.45M | $699.55M | $648.60M | $767.56M | $644.00M | $646.86M | $488.46M | $369.60M | $475.35M | $466.47M | $435.21M | $813.37M | $442.43M | $445.69M |
| Low Forecast | $777.97M | $702.79M | $686.75M | $663.77M | $745.82M | $732.68M | $714.37M | $694.78M | $707.91M | $704.36M | $687.79M | $619.17M | $658.48M | $682.98M | $689.26M | $562.88M | $525.63M | $699.55M | $648.60M | $511.71M | $644.00M | $646.86M | $488.46M | $246.40M | $475.35M | $466.47M | $435.21M | $542.24M | $442.43M | $445.69M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 0.96% | 0.99% | 1.01% | 0.93% | 0.96% | 0.97% | 0.78% | 1.06% | 1.26% | 1.59% | 0.94% | 1.00% | 0.99% | 0.61% | 1.01% | 0.95% |
Huntington Bancshares's average Quarter SG&A projection for Dec 23 is $669.96M, based on 11 Wall Street analysts, with a range of $658.48M to $700.59M. The forecast indicates a -0.89% fall compared to HBAN last annual SG&A of $676.00M (Sep 23).
Huntington Bancshares EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 4 | 5 | 4 | 4 | 3 | 4 | 8 | 9 | 4 | 5 | 10 | 11 | 5 | 5 | 9 | 5 | 4 | 4 | 7 | 5 | 5 | 10 | 7 | 10 | 10 | 10 | 10 | 9 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.35 | $0.36 | $0.42 | $0.43 | $0.39 | $0.35 | $0.30 | $0.28 | $0.23 | $-0.01 | $0.47 | $0.28 | $0.27 | $0.13 | $0.03 | $0.29 | $0.34 |
| Avg Forecast | $0.38 | $0.38 | $0.36 | $0.33 | $0.36 | $0.35 | $0.32 | $0.30 | $0.30 | $0.30 | $0.28 | $0.24 | $0.12 | $0.32 | $0.34 | $0.37 | $0.40 | $0.38 | $0.34 | $0.29 | $0.30 | $0.31 | $0.27 | $0.32 | $0.29 | $0.25 | $0.04 | $0.17 | $0.31 | $0.33 |
| High Forecast | $0.39 | $0.38 | $0.36 | $0.34 | $0.37 | $0.36 | $0.33 | $0.32 | $0.32 | $0.30 | $0.28 | $0.24 | $0.14 | $0.33 | $0.34 | $0.38 | $0.41 | $0.38 | $0.34 | $0.29 | $0.30 | $0.31 | $0.27 | $0.32 | $0.29 | $0.25 | $0.04 | $0.17 | $0.31 | $0.33 |
| Low Forecast | $0.37 | $0.37 | $0.35 | $0.33 | $0.35 | $0.34 | $0.32 | $0.28 | $0.29 | $0.29 | $0.28 | $0.24 | $0.11 | $0.31 | $0.33 | $0.36 | $0.40 | $0.38 | $0.34 | $0.29 | $0.30 | $0.31 | $0.27 | $0.32 | $0.29 | $0.25 | $0.04 | $0.17 | $0.31 | $0.33 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.10% | 1.07% | 1.14% | 1.07% | 1.02% | 1.03% | 1.04% | 0.94% | 0.74% | -0.04% | 1.49% | 0.96% | 1.08% | 3.32% | 0.18% | 0.94% | 1.02% |
According to 11 Wall Street analysts, Huntington Bancshares's projected average Quarter EPS for Dec 23 is $0.12, with a low estimate of $0.11 and a high estimate of $0.14. This represents a -64.34% decrease compared to HBAN previous annual EPS of $0.35 (Sep 23).
Huntington Bancshares Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| PACW | PacWest Bancorp | $7.54 | $34.50 | 357.56% | Hold |
| TFC | Truist Financial | $46.25 | $53.53 | 15.74% | Buy |
| USB | U.S. Bancorp | $50.31 | $55.07 | 9.46% | Buy |
| CFG | Citizens Financial Group | $46.58 | $46.78 | 0.43% | Hold |
| WAL | Western Alliance Ban | $91.86 | $92.00 | 0.15% | Buy |
| CMA | Comerica | $70.08 | $69.01 | -1.53% | Buy |
| ZION | Zions Bancorporation, National Association | $59.60 | $58.40 | -2.01% | Hold |
| KEY | KeyCorp | $19.14 | $18.74 | -2.09% | Buy |
| RF | Regions Financial | $26.27 | $25.04 | -4.68% | Buy |
| FHN | First Horizon | $20.16 | $19.10 | -5.26% | Buy |
| HBAN | Huntington Bancshares | $17.53 | $16.40 | -6.45% | Buy |
| MTB | M&T Bank | $213.27 | $198.71 | -6.83% | Buy |
| PNC | PNC Financial Services Group | $207.96 | $193.74 | -6.84% | Buy |
| FITB | Fifth Third Bancorp | $47.26 | $39.93 | -15.51% | Buy |