Huntington Bancshares: TD Cowen Maintains Buy Rating, Raises PT to $22

Huntington Bancshares: TD Cowen Maintains Buy Rating, Raises PT to $22

TD Cowen has raised its price target on Huntington Bancshares (NASDAQ:HBAN) to $22.00 from $21.00, while maintaining a Buy rating on the $22.9 billion regional bank’s stock. The new price target reflects Huntington’s strong third-quarter 2025 results, which showed core earnings per share of $0.40, exceeding both TD Cowen and Street estimates of $0.37, according to an Investing.com report.

The research firm highlighted Huntington’s top-line performance and noted that the bank raised its guidance for 2025. This demonstrates continued execution of what TD Cowen called a "differentiated growth playbook." Additionally, TD Cowen expressed optimism about Huntington’s pending acquisition of Veritex, which is expected to close in the fourth quarter of 2025. This acquisition could enhance the bank’s organic growth profile.

Huntington Bancshares, headquartered in Columbus, Ohio, operates as a regional bank holding company providing various financial services through its banking and non-banking subsidiaries. Recently, Huntington completed its merger with Veritex Holdings, expanding its presence in Texas. This transaction has increased Huntington’s assets to approximately $223 billion, with $176 billion in deposits and $148 billion in loans. Following the merger, Huntington now operates over 1,000 branches, including 31 new branches from Veritex.

DA Davidson has reiterated a Buy rating on Huntington Bancshares, citing its peer-leading loan and deposit growth and a return on tangible common equity of 17.8%. Keefe, Bruyette & Woods raised its price target for Huntington to $20, attributing the decision to the bank’s strong business momentum and increased earnings estimates by 3%. Conversely, Wolfe Research lowered its price target to $19 following the company’s third-quarter earnings report, yet maintained an Outperform rating.

Huntington Bancshares also declared a quarterly cash dividend of $0.155 per share, consistent with the previous quarter. The board also announced dividends on six series of preferred stock, payable in January 2026.