Huntington Bancshares stock price target raised to $20 at BofA Securities

Huntington Bancshares (HBAN) has received multiple analyst price target upgrades, with BofA Securities raising its target to $20 from $19 while maintaining a Buy rating, citing potential P/E re-rating driven by sustainable revenue growth and increased investor interest in regional banks. This positive outlook is supported by HBAN's Q2 2025 core EPS of $0.38, which surpassed analyst estimates, and its demonstrated peer-leading loan and deposit growth, reinforcing confidence in the bank's operational strength and future earnings visibility despite a slight stock decline following strong Q2 2024 earnings.

Analysis

Huntington Bancshares (HBAN) is receiving strong positive sentiment from Wall Street, led by a BofA Securities price target increase to $20.00, which maintains a 'Buy' rating. The upgrade is predicated on the potential for a P/E multiple re-rating, driven by expectations of sustainable revenue growth that outpaces peers and improved earnings per share visibility through fiscal year 2027. This bullish outlook is substantiated by the bank's robust fundamentals, including a 7.91% revenue growth over the last twelve months and a second-quarter 2025 core EPS of $0.38, which comfortably beat consensus estimates of $0.34. The sentiment is broadly shared, with DA Davidson also raising its target to $20, citing the bank's peer-leading loan and deposit growth. While TD Cowen holds a Buy rating with a $21 target, Keefe, Bruyette & Woods remains more neutral with a 'Market Perform' rating. The bank's financial stability is further underscored by its remarkable 55-consecutive-year history of dividend payments, signaling a durable and shareholder-friendly capital return policy.

Key Decisions for Investors

• Given the broad analyst consensus for 'Buy' ratings and consistent earnings beats, investors could view the stock favorably as its strong operational momentum and improved earnings visibility gain wider recognition.
• Investors should monitor upcoming quarterly reports for continued peer-leading loan and deposit growth, as outperformance in these metrics has been identified as a key potential catalyst for a P/E multiple re-rating.
• For income-focused portfolios, the bank's 55-year track record of consistent dividend payments provides a compelling argument for its financial stability and commitment to capital returns within the regional banking sector.