Wells Fargo Cuts Huntington Bancshares (HBAN) Price Target to $19
Key Points
- Wells Fargo maintained an Overweight rating on Huntington Bancshares Incorporated on October 23, 2026, while reducing its price target to $19.00 from $21.00.
- Wells Fargo's $19 price target implies 21.33% upside from Huntington Bancshares Incorporated's ($HBAN) current $15.66 share price.
- Huntington Bancshares trades below its 50-day moving average of $16.18, recently changing hands around $15.66.
- The regional bank offers an annual dividend of $0.62 per share, translating to a dividend yield of 3.96%.
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Wells Fargo kept its Overweight rating on Huntington Bancshares Incorporated on October 23, 2026, while reducing its price target on the regional bank stock from $21.00 to $19.00. The research note arrived alongside similar target adjustments from peer firms on the same day.
HBAN
Huntington Bancshares Incorporated
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Wells Fargo's Call on Huntington Bancshares
In its research note published on October 23, 2026, Wells Fargo maintained its Overweight rating on Huntington Bancshares while adjusting its price target down to $19.00 from $21.00. The firm joins a wave of recent updates from Wall Street analysts following the regional bank's shares.
Other Institutional Activity in Huntington Bancshares
Boston Partners grew its holdings by 2,688,124 shares, ending with 52,839,690 shares worth about $827,469,537.
Huntington Bancshares Incorporated Stock Down 0.4%
Huntington Bancshares closed at $15.66 on October 22, 2026. The stock recently traded around $15.66 as of October 23, 2026, matching its close from the prior session. Shares trade below the 50-day moving average of $16.18 and under the 200-day moving average of $16.76. The stock sits closer to its 52-week low of $14.82 than its 52-week high of $19.46.
$HBAN price target
Huntington Bancshares Incorporated daily closes and this analyst's $19 target. Not advice.
Recent Earnings
Huntington Bancshares reported trailing twelve-month revenue of $9,828,000,000 alongside a net income margin of 25.3%. The company posted basic earnings per share of $1.30 over the same period, backed by a return on equity of 9.2%.
Dividend
Huntington Bancshares pays an annual dividend rate of $0.62 per share, translating to a dividend yield of 3.96%. The payout ratio stands at 47.7%, reflecting the portion of earnings returned to shareholders through regular distributions.
Analysts Set New Price Targets
JP Morgan maintained an Overweight rating with a target of $17.50 on October 2, 2026, lowering it from a previous $19.50. UBS kept a Buy rating on October 5, 2026, trimming its target to $19.00 from $22.00. Keefe, Bruyette & Woods maintained a Market Perform rating and moved its target from $19.50 to $18.00 on October 6, 2026. On October 23, 2026, Baird maintained an Outperform rating with a $19.00 target, down from $21.00. Wall Street maintains a consensus buy recommendation with a mean price target of $19.07 across 20 analyst opinions.
About Huntington Bancshares
Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank, delivering commercial, consumer, and mortgage banking services. Headquartered in Columbus, Ohio, the financial institution serves consumer and corporate clients with deposit accounts, loans, payment processing, trust services, and wealth management.
Bottom Line
Wells Fargo's updated target highlights how major financial institutions view the regional banking sector amid shifting market conditions. Investors will monitor subsequent analyst updates and earnings reports to gauge how deposit growth and lending margins influence the stock's path toward consensus targets.
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Source: Wells Fargo's rating change on $HBAN (Oct 23, 2026). Written by software, not financial advice. How we make alerts