Is Huntington Bancshares Stock Underperforming the S&P 500?

Huntington Bancshares Incorporated (HBAN), a Columbus, Ohio-based bank holding company, operates The Huntington National Bank, which provides commercial, consumer, and mortgage banking services. The company boasts a market cap of $32 billion, placing it within the category of large-cap stocks. Despite its robust financial standing, HBAN's stock has underperformed the S&P 500 Index over the past year.

HBAN's stock has fallen 19.7% from its 52-week high of $19.45, which was reached on February 6. Furthermore, it has dropped 7.3% over the past three months, trailing the S&P 500's 2.6% increase during the same period. Looking at the longer term, HBAN has declined by 11% over the past 52 weeks, while the S&P 500 delivered 15.4% returns during the same timeframe.

The stock 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's stock declined 4.8% following the release of mixed Q2 2026 earnings. Despite hitting revenue targets at $4.2 billion, the adjusted EPS matched the Street's estimates at $0.39. However, HBAN's 2027 EPS estimate was revised downward to $1.75 to $1.83, resulting in a 6% decline in its price.

Of the 21 analysts covering HBAN, the overall consensus rating is Moderate Buy, with a mean price target of $20.04, indicating a 27.4% upside potential. However, when compared to M&T Bank Corporation (MTB), HBAN has underperformed. MTB stock has grown 13.7% over the past year, showcasing a higher performance than HBAN's underwhelming results.