Bank of America Securities Lifts PT on Huntington Bancshares (HBAN) to $21 From $20

Huntington Bancshares Incorporated (NASDAQ:HBAN) is one of the best affordable stocks to buy under $20. Huntington Bancshares Incorporated (NASDAQ:HBAN) received a rating update from Bank of America Securities analyst Ebrahim Poonawala on October 21, who maintained a Buy rating on the stock and raised the price target to $21 from $20.

Poonawala supported the optimistic outlook with the company’s growth potential and solid financial performance, stating that Huntington Bancshares Incorporated (NASDAQ:HBAN) reported a core EPS of $0.40 for fiscal Q3 2025, which exceeded both firm and consensus estimates. The overall financial results were positive despite increased expenses and credit costs, resulting in an upward revision of future earnings estimates.

The analyst further stated that Huntington Bancshares Incorporated’s (NASDAQ:HBAN) current stock valuation is not fully reflecting the company’s growth potential, as its strategic expansion into the Southeast and Texas markets and investments in the Midwest are anticipated to drive considerable growth. The loan growth is expected at 7.5% year-over-year for FY26.

Huntington Bancshares Incorporated (NASDAQ:HBAN) is a bank holding company that provides full-service commercial and consumer deposit, lending, and other banking services. The company’s operations are divided into the Consumer and Regional Banking and Commercial Banking segments.

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Disclosure: None. This article is originally published at Insider Monkey.