Is Huntington Bancshares Stock Underperforming the S&P 500?

Columbus, Ohio-based Huntington Bancshares Incorporated (HBAN) operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services. The company has a market cap of $32 billion and offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, and more. 

Companies with a market cap of $10 billion or more are typically referred to as “large-cap stocks.” HBAN fits squarely in that category, with a market cap above this threshold that reflects its size and influence in the regional banks industry.  

Despite its strength, HBAN stock slipped 19.7% from its 52-week high of $19.45, reached on Feb. 6. The stock is down 7.3% over the past three months, lagging behind the S&P 500 Index’s ($SPX) 2.6% rise during the same time frame. 

Moreover, the scenario remains the same in the longer term. The stock has fallen 11% over the past 52 weeks, while SPX delivered 15.4% returns over the same time frame, outperforming the stock.   

HBAN has been trading below its 200-day moving average since this month, and also below its 50-day moving average since August.   

On July 23, HBAN stock declined 4.8% following the release of its mixed Q2 2026 earnings. The company’s revenue for the quarter amounted to $4.2 billion, coming in above Wall Street’s estimates. Additionally, its adjusted EPS came in at $0.39, matching the Street’s estimates. More recently, the company cut its 2027 EPS estimate to $1.75 to $1.83 from an April outlook of $1.90 to $1.93, also resulting in a 6% decline in its price. 

When stacked against its rival, M&T Bank Corporation (MTB), HBAN has underperformed. Over the past year, MTB stock has grown 13.7%.   

Analysts’ view of HBAN stock is somewhat bullish. Among the 21 analysts covering the stock, the overall consensus rating is “Moderate Buy.” Its mean price target of $20.04 offers a 27.4% upside potential.

On the date of publication, Aritra Gangopadhyay did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.