Huntington Bancshares stock slips as DA Davidson cuts price target after guidance warning

Published on 09/21/2026 at 20:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Huntington Bancshares stock trades near its recent lows after the bank cut its earnings and net interest income guidance at a September 2026 conference. DA Davidson and Wells Fargo have lowered their price targets, highlighting margin and competition risks for the regional lender.

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Huntington Bancshares Incorporated stock (ISIN US4461501045) is trading close to its recent lows after the regional lender cut its earnings and net interest income guidance in mid-September 2026, prompting several analysts to trim their price targets as of September 21, 2026.

Guidance cut puts regional-bank margins under pressure

According to Yahoo Finance on September 20, 2026, Huntington Bancshares shares dropped 5.55% to USD 15.82 on September 16, 2026 after management lowered its outlook at a Barclays conference.

At that event, the bank reduced its 2027 earnings per share guidance from above USD 1.90 to a range of USD 1.75 to USD 1.83, and cut its 2026 net interest income growth forecast from 39%-43% to roughly 35%, signaling that margin compression and slower loan growth are weighing on profitability.Yahoo Finance

For investors, the quantified reduction in both earnings and net interest income expectations indicates that Huntington Bancshares expects lower returns than previously assumed, with the midpoint of the new EPS range now at least USD 0.07 below the prior guidance level above USD 1.90 per share.

Analysts trim price targets but keep broadly positive ratings

Following the guidance cut, DA Davidson reduced its Huntington Bancshares price target to USD 20 from USD 22 while maintaining a Buy rating on the stock, as reported by Investing.com on September 21, 2026.

The cut from USD 22 to USD 20 represents an approximate 9.1% reduction in DA Davidson's target, reflecting the lower earnings trajectory while still implying upside of more than USD 4 per share from the recent price around USD 15.82.Investing.com

Additionally, Wells Fargo lowered its Huntington Bancshares price target from USD 23 to USD 21 while keeping an Overweight rating, citing increased loan competition as a key factor, according to Investing.com on September 21, 2026.

The Wells Fargo move reduces its target by USD 2 per share, or about 8.7%, yet still positions the stock for potential double-digit percentage upside if Huntington Bancshares can manage credit quality and funding costs in the face of competitive pressure.

Moreover, Baird removed its Fresh Pick designation on Huntington Bancshares but continues to rate the shares Outperform, noting that it will be harder for the bank to meet earnings targets without more favorable conditions, as highlighted by Investing.com on September 21, 2026.

Valuation and margin risk frame the investment case

Analysts also point to valuation as a supportive factor even after the guidance cut. According to the Korean edition of Investing.com on September 21, 2026, DA Davidson notes that Huntington Bancshares shares are trading at about 9.0 times expected 2027 EPS, compared with a sector median of roughly 10.4 times, representing the largest discount in five years.

This valuation gap of around 1.4 turns of earnings multiples illustrates that the market is pricing in additional risk, particularly around net interest margin pressure and loan growth, but also suggests potential re-rating if the bank stabilizes profitability and confirms its updated guidance ranges.

At the same time, the recent guidance reduction underscores that Huntington Bancshares is exposed to regional-bank headwinds such as rising funding costs, competitive deposit markets and potential credit normalization, which could further pressure margins if interest rates remain elevated or if economic growth slows.

Stock trades near recent lows as of late September 2026

Per Yahoo Finance, the closing price of USD 15.82 on September 16, 2026 brought Huntington Bancshares close to its 52-week low, indicating that the stock has already absorbed a significant part of the negative guidance surprise.

While intraday quotes for September 21, 2026 are subject to market fluctuations, the recent trading around the mid-USD 15 range keeps Huntington Bancshares shares well below average analyst targets between USD 20 and USD 21 and reflects lingering investor caution toward regional banks.