12 Best Nasdaq Stocks Under $20 to Buy Now

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7. Huntington Bancshares Inc. (NASDAQ:HBAN)

Current market price: $14.28

Upside Potential: 33%

Number of Hedge Fund Holders: 44

Huntington Bancshares Inc. (NASDAQ:HBAN) is a holding company and, through subsidiaries, operates a regional bank that offers commercial and consumer banking, wealth management, and investment services. With a strong footprint in the Midwest, the bank serves individuals, businesses, and government entities.

In its March 5 Financial Institutions presentation, Huntington Bancshares Inc. (NASDAQ:HBAN) highlighted its industry-leading organic loan growth, which exceeded 7% in Q4 2024, significantly outpacing the peer median of -2.8%. Additionally, new strategic initiatives accounted for 39% of the bank’s total loan growth in FY 2024. In its Q4 2024 earnings report released in mid-January, the bank posted a 25% year-over-year increase in adjusted EPS to $0.34, while return on average tangible common equity remained strong at 16.4%.

On March 13, a Morgan Stanley analyst reaffirmed an Overweight rating on Huntington Bancshares Inc. (NASDAQ:HBAN) but lowered the stock’s price target from $22 to $20. The revision was attributed to Morgan Stanley’s decision to trim its estimates for mid-cap banks across North America due to heightened economic uncertainty and a more subdued growth outlook. The firm noted that trade and tariff policy shifts are unfolding more rapidly and aggressively than previously expected. Additionally, slower economic growth and increased policy uncertainty have created headwinds for the sector, prompting multiple price target reductions within the group.

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