RBC Capital Reaffirms Outperform Rating for Huntington Bancshares Incorporated - Preferred Stock (HBANM)
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 20 2025
0mins
Should l Buy HBANM?
Source: NASDAQ.COM
Analyst Recommendation: RBC Capital maintains an "Outperform" rating for Huntington Bancshares Incorporated - Preferred Stock (NasdaqGS:HBANM) with a projected price target of $26.38/share, indicating a potential upside of 19.32% from its current price of $22.11/share.
Revenue and Earnings Projections: The projected annual revenue for Huntington Bancshares is estimated at $8,243 million, reflecting a 9.88% increase, with a non-GAAP EPS forecast of 1.76.
Institutional Holdings: There are currently 7 funds reporting positions in HBANM, with total institutional shares remaining stable at 993K, while some funds have decreased their holdings over the last quarter.
ETF Holdings Changes: Notable changes in ETF holdings include PFF reducing its shares by 8.89%, PGX decreasing by 4.85%, and GPRF increasing its shares by 22.76%, indicating varied sentiment among institutional investors.
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Analyst Views on HBANM
Wall Street analysts forecast HBANM stock price to rise
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Current: 21.770
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Current: 21.770
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Huntington Declares Quarterly Cash Dividends
- Dividend Announcement: Huntington's Board of Directors declared a quarterly cash dividend of $356.25 per share on its 5.70% Series I Non-Cumulative Perpetual Preferred Stock, payable on June 1, 2026, reflecting the company's commitment to shareholder returns.
- Preferred Stock Dividend: Additionally, the Board set a quarterly cash dividend of $343.75 per share on its 5.50% Series L Non-Cumulative Perpetual Preferred Stock, payable on May 20, 2026, which further enhances investor confidence in the company's financial stability.
- Company Background: Huntington Bancshares Incorporated, with assets of $279 billion, was founded in 1866 and offers a comprehensive suite of banking, payments, wealth management, and risk management services, showcasing its strong position in the regional banking sector.
- Branch Network: Operating nearly 1,400 branches across 21 states, Huntington demonstrates its market leadership in serving small and middle-market businesses as well as consumers, indicating a robust operational footprint.
See More
Optimism in the Financial Sector Despite Underperformance
- Regional Banks Undervalued: Dory Wiley, CEO of Commerce Street Holdings, asserts that despite the overall poor performance of the financial sector, regional banks maintain strong fundamentals with high capital ratios and good deposits, indicating their potential value.
- Sustained Profitability Growth: Wiley notes that banks are currently valued at a forward P/E of only 10 times earnings, and with good growth rates, these stocks could realistically reach a valuation range of 15 to 18 times, reflecting market confidence in their future performance.
- Superior Credit Quality: He emphasizes that the credit underwriting quality in the banking sector is at its historical best, and while some individual banks may face weaknesses, the overall health of the industry provides reassurance to investors.
- Abundant Market Opportunities: Despite concerns over AI disruption, Wiley remains optimistic about investment opportunities in bank stocks, believing there is significant growth potential across small, mid, and large-cap banks that investors should consider.
See More
Huntington Bank (HBAN) Q4 Earnings Miss Expectations, Stock Declines
- Earnings Report: Huntington Bank's Q4 earnings per share fell short of market expectations, with an 11% revenue growth overshadowed by higher-than-expected expenses, leading to a stock decline that reflects market concerns about future performance.
- Expense Growth: The company anticipates a 10% to 11% increase in expenses for 2026, exceeding investor expectations, partly due to one-time integration costs associated with the Vertex deal, which may impact investor confidence.
- Market Outlook: Despite the expense pressures, Huntington Bank remains optimistic about 2026, projecting revenue growth between 11% and 14%, indicating its competitive position and growth potential in the market.
- Operating Leverage: The bank achieved nearly a 3% increase in operating margins in 2025 and expects to expand margins by 1.5% to 2% in 2026, demonstrating a strong balance between profitability and reinvestment.
See More
Small Banks Thrive with PE Ratios Below 11 Amid Market Optimism
- Banking Resilience: Small and regional banks have demonstrated strong performance after enduring a 500 basis point rate shock, maintaining historical high capital ratios, indicating robust risk resilience and potential for increased profitability in the future.
- PE Ratio Advantage: While money center banks trade at forward PE ratios between 13 and 16, small and regional banks are priced below 11, growing faster, suggesting that investors can achieve higher returns by opting for smaller banks.
- Yield Attractiveness: For instance, Huntington offers a yield three times that of JP Morgan, highlighting the appeal of small banks in terms of yield distribution, which has garnered increased investor interest.
- Rapidly Growing Community Banks: Third Coast Bankshares and South Plains Financial in Texas are among the fastest-growing community banks, priced at or below 11 times forward PE ratios, showcasing their competitive edge and investment potential in the market.
See More
RBC Capital Reaffirms Outperform Rating for Huntington Bancshares Incorporated - Preferred Stock (HBANM)
Analyst Recommendation: RBC Capital maintains an "Outperform" rating for Huntington Bancshares Incorporated - Preferred Stock (NasdaqGS:HBANM) with a projected price target of $26.38/share, indicating a potential upside of 19.32% from its current price of $22.11/share.
Revenue and Earnings Projections: The projected annual revenue for Huntington Bancshares is estimated at $8,243 million, reflecting a 9.88% increase, with a non-GAAP EPS forecast of 1.76.
Institutional Holdings: There are currently 7 funds reporting positions in HBANM, with total institutional shares remaining stable at 993K, while some funds have decreased their holdings over the last quarter.
ETF Holdings Changes: Notable changes in ETF holdings include PFF reducing its shares by 8.89%, PGX decreasing by 4.85%, and GPRF increasing its shares by 22.76%, indicating varied sentiment among institutional investors.
See More
Huntington Bancshares Declares $356.25 Quarterly Cash Dividend on Preferred Stock
- Dividend Declaration: Huntington's Board of Directors has declared a quarterly cash dividend of $356.25 per share, payable on March 2, 2026, which demonstrates the company's ongoing commitment to shareholder returns and enhances investor confidence.
- Preferred Stock Yield: This dividend corresponds to the 5.70% Series I Non-Cumulative Perpetual Preferred Stock, reflecting the company's stable profitability and cash flow, thereby reinforcing its competitive position in the regional banking sector.
- Shareholder Return Strategy: The dividend payment date is set for March 2, 2026, with a record date of February 15, 2026, ensuring shareholders receive timely returns, which enhances the company's ability to attract long-term investors.
- Company Background: Huntington is a regional bank holding company with assets of $223 billion and over 1,000 branches, continuously providing a comprehensive suite of banking and wealth management services, showcasing its strong market influence.
See More
Huntington Declares Quarterly Cash Dividends
- Dividend Announcement: Huntington's Board of Directors declared a quarterly cash dividend of $356.25 per share on its 5.70% Series I Non-Cumulative Perpetual Preferred Stock, payable on June 1, 2026, reflecting the company's commitment to shareholder returns.
- Preferred Stock Dividend: Additionally, the Board set a quarterly cash dividend of $343.75 per share on its 5.50% Series L Non-Cumulative Perpetual Preferred Stock, payable on May 20, 2026, which further enhances investor confidence in the company's financial stability.
- Company Background: Huntington Bancshares Incorporated, with assets of $279 billion, was founded in 1866 and offers a comprehensive suite of banking, payments, wealth management, and risk management services, showcasing its strong position in the regional banking sector.
- Branch Network: Operating nearly 1,400 branches across 21 states, Huntington demonstrates its market leadership in serving small and middle-market businesses as well as consumers, indicating a robust operational footprint.
See More
Optimism in the Financial Sector Despite Underperformance
- Regional Banks Undervalued: Dory Wiley, CEO of Commerce Street Holdings, asserts that despite the overall poor performance of the financial sector, regional banks maintain strong fundamentals with high capital ratios and good deposits, indicating their potential value.
- Sustained Profitability Growth: Wiley notes that banks are currently valued at a forward P/E of only 10 times earnings, and with good growth rates, these stocks could realistically reach a valuation range of 15 to 18 times, reflecting market confidence in their future performance.
- Superior Credit Quality: He emphasizes that the credit underwriting quality in the banking sector is at its historical best, and while some individual banks may face weaknesses, the overall health of the industry provides reassurance to investors.
- Abundant Market Opportunities: Despite concerns over AI disruption, Wiley remains optimistic about investment opportunities in bank stocks, believing there is significant growth potential across small, mid, and large-cap banks that investors should consider.
See More
Huntington Bank (HBAN) Q4 Earnings Miss Expectations, Stock Declines
- Earnings Report: Huntington Bank's Q4 earnings per share fell short of market expectations, with an 11% revenue growth overshadowed by higher-than-expected expenses, leading to a stock decline that reflects market concerns about future performance.
- Expense Growth: The company anticipates a 10% to 11% increase in expenses for 2026, exceeding investor expectations, partly due to one-time integration costs associated with the Vertex deal, which may impact investor confidence.
- Market Outlook: Despite the expense pressures, Huntington Bank remains optimistic about 2026, projecting revenue growth between 11% and 14%, indicating its competitive position and growth potential in the market.
- Operating Leverage: The bank achieved nearly a 3% increase in operating margins in 2025 and expects to expand margins by 1.5% to 2% in 2026, demonstrating a strong balance between profitability and reinvestment.
See More
Small Banks Thrive with PE Ratios Below 11 Amid Market Optimism
- Banking Resilience: Small and regional banks have demonstrated strong performance after enduring a 500 basis point rate shock, maintaining historical high capital ratios, indicating robust risk resilience and potential for increased profitability in the future.
- PE Ratio Advantage: While money center banks trade at forward PE ratios between 13 and 16, small and regional banks are priced below 11, growing faster, suggesting that investors can achieve higher returns by opting for smaller banks.
- Yield Attractiveness: For instance, Huntington offers a yield three times that of JP Morgan, highlighting the appeal of small banks in terms of yield distribution, which has garnered increased investor interest.
- Rapidly Growing Community Banks: Third Coast Bankshares and South Plains Financial in Texas are among the fastest-growing community banks, priced at or below 11 times forward PE ratios, showcasing their competitive edge and investment potential in the market.
See More
RBC Capital Reaffirms Outperform Rating for Huntington Bancshares Incorporated - Preferred Stock (HBANM)
Analyst Recommendation: RBC Capital maintains an "Outperform" rating for Huntington Bancshares Incorporated - Preferred Stock (NasdaqGS:HBANM) with a projected price target of $26.38/share, indicating a potential upside of 19.32% from its current price of $22.11/share.
Revenue and Earnings Projections: The projected annual revenue for Huntington Bancshares is estimated at $8,243 million, reflecting a 9.88% increase, with a non-GAAP EPS forecast of 1.76.
Institutional Holdings: There are currently 7 funds reporting positions in HBANM, with total institutional shares remaining stable at 993K, while some funds have decreased their holdings over the last quarter.
ETF Holdings Changes: Notable changes in ETF holdings include PFF reducing its shares by 8.89%, PGX decreasing by 4.85%, and GPRF increasing its shares by 22.76%, indicating varied sentiment among institutional investors.
See More
Huntington Bancshares Declares $356.25 Quarterly Cash Dividend on Preferred Stock
- Dividend Declaration: Huntington's Board of Directors has declared a quarterly cash dividend of $356.25 per share, payable on March 2, 2026, which demonstrates the company's ongoing commitment to shareholder returns and enhances investor confidence.
- Preferred Stock Yield: This dividend corresponds to the 5.70% Series I Non-Cumulative Perpetual Preferred Stock, reflecting the company's stable profitability and cash flow, thereby reinforcing its competitive position in the regional banking sector.
- Shareholder Return Strategy: The dividend payment date is set for March 2, 2026, with a record date of February 15, 2026, ensuring shareholders receive timely returns, which enhances the company's ability to attract long-term investors.
- Company Background: Huntington is a regional bank holding company with assets of $223 billion and over 1,000 branches, continuously providing a comprehensive suite of banking and wealth management services, showcasing its strong market influence.
See More
