Here is What Analysts Think About Huntington Bancshares Incorporated (HBAN)

Huntington Bancshares Incorporated (NASDAQ:HBAN) is one of the top cheap stocks under $20 to buy now. Huntington Bancshares Incorporated (NASDAQ:HBAN) jointly announced with Cadence Bank on December 22 the approval of the proposed merger of Cadence Bank with and into The Huntington National Bank by the Office of the Comptroller of the Currency, with The Huntington National Bank as the surviving bank.

Cadence Bank is a $53 billion regional bank that offers banking, investment, trust, and mortgage products and services, and has over 390 locations spanning the South and Texas. Management reported that all the necessary regulatory approvals to complete the Huntington-Cadence transaction have now been received, with the merger expected to close on February 1, 2026, subject to the receipt of shareholder approvals and the satisfaction or waiver of the remaining customary closing conditions that were set forward in the merger agreement.

In a separate development, on December 19, RBC Capital lifted the price target on Huntington Bancshares Incorporated (NASDAQ:HBAN) to $20 from $19 and maintained an Outperform rating on the stock. The rating update came after the firm’s meeting with the company’s management team, which was focused on the recent Veritex and Cadence acquisitions, along with the future opportunities present for Huntington Bancshares Incorporated (NASDAQ:HBAN) in their legacy markets. The firm added that management exhibited consistency with peer-leading expected performance from the core, along with strong anticipated contributions from the expanded merger footprint.

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.