Huntington Bancshares 주식 (NASDAQ: HBAN)

에 대한 최신 뉴스 Huntington Bancshares (NASDAQ:HBAN) 주식

Huntington Bancshares

Huntington Bancshares Inc is a regional bank holding company headquartered in Columbus, Ohio. The bank operates in two business segments: Consumer & Regional Banking and Commercial Banking. The bank derives the maximum of its revenue from the Consumer & Business Banking segment. The other segment of the bank consists of Treasury and others. The bank also provides auto dealer, equipment finance, investment management, trust, brokerage, capital market services, and other services.

Huntington Bancshares Incorporated - Common Stock

Huntington Bancshares Inc

Huntington Bancshares Incorporated - Depositary Shares, Each Representing a 1/40th Interest in a Share of 6.875% Series J Non-Cumulative Perpetual Preferred Stock

Huntington Bancshares Incorporated - Depositary Shares each representing a 1/1000th interest in a share of Huntington Series I Preferred Stock

Huntington Bancshares Incorporated - Depositary Shares 4.500% Series H Non-Cumulative Perpetual Preferred Stock

<p>Across the recent three months, 10 analysts have shared their insights on Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>), expressing a variety of opinions spanning from bullish to bearish.</p>
<p>The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $16.2, a high estimate of $18.00, and a low estimate of $13.50. Witnessing a positive shift, the current average has risen by 5.88% from the previous average price target of $15.30.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727884841_0.png" alt="price target chart" /></p>
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
<p>A clear picture of Huntington Bancshares's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Pancari</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$17.00</td>
<td>$17.50</td>
</tr>
<tr>
<td>Ken Zerbe</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$18.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>David George</td>
<td>Baird</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$15.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Ken Zerbe</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$16.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Keith Horowitz</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$18.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Ebrahim Poonawala</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$17.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Kevin Heal</td>
<td>Argus Research</td>
<td>Raises</td>
<td>Buy</td>
<td>$16.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Jon Arfstrom</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$17.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Scott Siefers</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Underweight</td>
<td>$13.50</td>
<td>$11.50</td>
</tr>
<tr>
<td>David Konrad</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$14.50</td>
<td>$15.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Huntington Bancshares. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Huntington Bancshares compared to the broader market.</li>
<li><strong>Price Targets:</strong> Delving into movements, analysts provide estimates for the future value of Huntington Bancshares's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
<p>Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Huntington Bancshares's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/HBAN/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Huntington Bancshares analyst ratings.</strong></a></p>
<h2>Discovering Huntington Bancshares: A Closer Look</h2>
<p>Huntington Bancshares Inc is a regional bank holding company headquartered in Columbus, Ohio. The bank operates in two business segments: Consumer &amp; Regional Banking and Commercial Banking. The bank derives the maximum of its revenue from the Consumer &amp; Business Banking segment. The other segment of the bank consists of Treasury and others. The bank also provides auto dealer, equipment finance, investment management, trust, brokerage, capital market services, and other services.</p>
<h3>Huntington Bancshares: Financial Performance Dissected</h3>
<p><strong>Market Capitalization Analysis:</strong> The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.</p>
<p><strong>Revenue Challenges:</strong> Huntington Bancshares's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately <strong>-2.06%</strong>. This indicates a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.</p>
<p><strong>Net Margin:</strong> Huntington Bancshares's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of <strong>24.35%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> Huntington Bancshares's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of <strong>2.58%,</strong> the company may encounter challenges in delivering satisfactory returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> Huntington Bancshares's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of <strong>0.23%,</strong> the company may face hurdles in achieving optimal financial performance.</p>
<p><strong>Debt Management:</strong> Huntington Bancshares's debt-to-equity ratio stands notably higher than the industry average, reaching <strong>0.96</strong>. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.</p>
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
<p>Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.</p>
<p>Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.</p>
<p><strong>Which Stocks Are Analysts Recommending Now?</strong></p>
<p>Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights"><strong>Click here to stay ahead of the market</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Ratings

HBAN

Navigating 10 Analyst Ratings For Huntington Bancshares

<p>Evercore ISI Group  analyst John Pancari   maintains Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) with a Outperform and lowers the price target from $17.5 to $17.</p>


News

Price Target

Evercore ISI Group Maintains Outperform on Huntington Bancshares, Lowers Price Target to $17

<p><strong>Columbia Banking System, Inc</strong>.&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/colb#NASDAQ">COLB</a>) subsidiary, Umpqua Bank, announced expansion across the Western region with new branches opening in Phoenix, Scottsdale and Mesa by the end of 2024.&nbsp;</p>
<p>This expansion will support the bank&#39;s plan to improve its services across Arizona to cater to the needs of customers.</p>
<h2>COLB&#39;s Subsidiary Strengthens Presence in Arizona</h2>
<p>Arizona has several fast-growing sectors, including semiconductors, leisure and hospitality alternative energy, healthcare, warehouse distribution centers and data centers. It also hosts a growing number of data centers, serving as a foundation for the emerging generative AI industry. This positions the region as an ideal location for the bank&#39;s long-term expansion strategy.</p>
<p>Umpqua Bank has been expanding its presence in Arizona since 2021 by establishing middle-market banking services. In June 2024, the bank opened its first retail branch in Phoenix, which was followed by a second branch in Scottsdale in August.</p>
<p>Umpqua Bank&#39;s CEO, Clint Stein, said, &quot;Arizona is a priority market for Umpqua Bank. The region&#39;s dynamic business community aligns with our long-term strategy of expanding in markets that demonstrate strong growth potential and further our commitment to being the West&#39;s premier bank of choice.&quot;</p>
<h2>Additional Expansion Efforts by COLB&#39;s Subsidiary</h2>
<p>In addition to its Arizona expansion, Umpqua Bank has been actively broadening its footprint in other regions through several key initiatives. On Sept. 5, 2024, the bank announced the hiring of six experienced bankers to enhance and broaden its services for small and midsize wineries across Northern California. This strategic move is part of the bank&#39;s ongoing efforts to grow its North Coast Wine Specialty Group.</p>
<p>In October 2023, Umpqua Bank opened its first retail branch in Utah to further advance its expansion strategy across the western region of the United States. This new branch in Salt Lake County supports the banking and deposit needs of local consumers and businesses.</p>
<h2>Conclusion</h2>
<p>Given these expansion efforts, COLB is well-poised to expand its foothold across geographies. Umpqua Bank&#39;s strategic expansion into high-growth markets aligns well with its long-term objectives, enabling it to capitalize on emerging opportunities and drive future success.</p>
<p>In the past six months, shares of Columbia Banking System have gained 34.2% compared with the&nbsp; industry&#39;s growth of 17.2%.<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/88/78505.jpg?v=138977930" /></p>
<p>Image Source: Zacks Investment Research</p>
<p>COLB currently carries a Zacks Rank #3 (Hold).</p>
<h2>Expansion Efforts by Other Banks</h2>
<p>This month, <strong>Huntington Bancshares Inc</strong>. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hban#NASDAQ">HBAN</a>) announced its plans to expand its banking franchise in North Carolina and South Carolina. HBAN intends to add more than 350 employees across varied business divisions and launch roughly 55 retail branches within the next five years.</p>
<p>In February, <strong>The PNC Financial Services Group, Inc</strong>.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pnc#NYSE">PNC</a>) subsidiary, PNC Bank, announced plans to make an investment of $1 billion to open more than 100 branches and renovate above 1,200 existing locations by 2028. With this, PNC is poised to improve its branch network and extend access to banking services for its customers and communities nationwide.</p>
<p><a href="https://www.zacks.com/stock/news/2338730/columbia-banking-system-arm-to-open-3-new-branches-in-arizona?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2338730">To read this article on Zacks.com click here.</a></p>


Large Cap

Mid Cap

Markets

Trading Ideas

COLB

Columbia Banking System' Arm to Open 3 New Branches in Arizona

<p>The <strong>Federal Reserve</strong>'s decision to reduce interest rates by 50 basis points on Wednesday has set the stage for a notable shift, particularly in the banking sector among <a href="https://www.benzinga.com/trading-ideas/small-cap-analysis">mid- and small-cap banks</a>.</p>
<p>With rates expected to drop further over the next two years, JPMorgan analyst Steven Alexopoulos believes this marks a crucial inflection point. This and further cuts should help boost banks' net interest margins (NIMs) while reigniting commercial loan demand. The steepening yield curve and easing credit concerns will help banks recalibrate deposit costs, improving performance across various segments.</p>
<p>Let's break down the investment opportunities among large-cap, mid-cap, and small-cap banks, as outlined by Alexopoulos.</p>
<h2 class="wp-block-heading">Large-Cap Banks: Poised For Growth</h2>
<h4 class="wp-block-heading"><strong>First Citizens BancShares</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>)</h4>
<p>First Citizens stands out with its SVB segment likely to benefit from the Fed's cuts. With lower rates, the company expects a resurgence in venture capital (VC) investment and IPO activity. This should bolster its sizable SVB loans and deposits. Trading at a discount to peers, this stock offers a compelling value. Alexopoulos also sees potential for significant multiple expansion as the market re-rates it.</p>
<h4 class="wp-block-heading"><strong>Huntington Bancshares </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>)</h4>
<p>Huntington positions itself to take advantage of improving commercial and industrial (C&amp;I) loan demand by aggressively hiring bankers in growth markets like the Carolinas and Texas. As the Fed eases, the bank anticipates accelerated earnings, strong loan growth, and a solidified position in the sector.</p>
<h4 class="wp-block-heading"><strong>M&amp;T Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>)</strong></h4>
<p>As the Fed eases, M&amp;T's criticized loans should see an improvement in credit quality, particularly in the commercial real estate (CRE) sector. This will likely reduce the bank's need for high reserve levels and allow for increased buybacks. The analyst says that trading below its historical valuation, M&amp;T offers an opportunity for re-rating as the economic outlook brightens.</p>
<p><strong>Don't miss out on this unparalleled opportunity:</strong></p>
<ul>
<li><a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/" target="_blank" rel="noreferrer noopener"><strong>Register now to secure your spot at Benzinga's Largest SmallCap Conference ever in Chicago!</strong></a></li>
</ul>
<h2 class="wp-block-heading">Mid-Cap Banks: Reaping The Benefits Of Lower Rates</h2>
<h4 class="wp-block-heading"><strong>Western Alliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>)</strong></h4>
<p>Western Alliance will benefit from the lower rate environment, seizing opportunities to reduce deposit costs and ease credit concerns. According to Alexopoulos, its exposure to the startup economy and capital call lending positions it well to take advantage of a potential resurgence in venture capital and IPO markets, making it a standout mid-cap pick.</p>
<h4 class="wp-block-heading"><strong>Pinnacle Financial Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>)</strong></h4>
<p>Pinnacle plans to lower its high deposit rates, boosting net interest income (NII). The analyst says Pinnacle operates in high-growth markets in the Southeast and sports above-peer loan growth. This, combined with easing concerns around credit quality, makes it an attractive investment as the Fed continues its rate cuts.</p>
<h4 class="wp-block-heading"><strong>Cullen/Frost Bankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFR#NYSE">CFR</a>)</strong></h4>
<p>Despite its asset-sensitive balance sheet, Cullen/Frost will benefit from the Fed's cuts by focusing on organic expansion in Texas's fastest-growing cities. The potential for improved loan demand, especially in commercial real estate, should drive outsized growth. Alexopoulos sees this as presenting a revaluation opportunity for the stock.</p>
<h2 class="wp-block-heading">Small-Cap Banks: Ready For Resurgence</h2>
<h4 class="wp-block-heading"><strong>Live Oak Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOB#NASDAQ">LOB</a>)</strong></h4>
<p>Live Oak, with most of its deposits in market-rate accounts, expects a significant reset in funding costs as rates decline. This niche growth bank plans to lead loan growth by capitalizing on improved borrower demand as borrowing cost uncertainty diminishes.</p>
<h4 class="wp-block-heading"><strong>Metropolitan Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCB#NYSE">MCB</a>)</strong></h4>
<p>Metropolitan stands to benefit from easing concerns around its CRE loans, with the Fed's cuts reducing fears about credit quality. The bank's unique focus on niche sectors and proactive credit management positions it well for an economic rebound.</p>
<h4 class="wp-block-heading"><strong>Amalgamated Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAL#NASDAQ">AMAL</a>)</strong></h4>
<p>Amalgamated, a smaller player exposed to high credit risk profiles, will improve as rates decline. The bank's focus on social impact banking combined with a favorable rate environment should alleviate concerns around credit stress. Alexopoulos sees this as providing room for upside in its share price.</p>
<p>As the Fed signals further easing, banks across segments will capitalize on improving economic conditions, rising loan demand, and a recalibration of deposit costs. With the runway for a soft landing widened, now is a compelling time to consider these names for your portfolio.</p>
<p><strong>Read Next: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/news/24/09/40919822/small-cap-sectors-brace-for-fed-rate-cut-financials-real-estate-etfs-offer-compelling-plays-for-inve">Small-Cap Sectors Brace For Fed Rate Cut: Financials, Real Estate ETFs Offer Compelling Plays For Investors</a></strong></li>
</ul>
<p><em>Don't miss the opportunity to dominate in a volatile market at the<strong>&nbsp;<a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/" target="_blank" rel="noreferrer noopener">Benzinga SmallCAP Conference on Oct. 9-10, 2024</a>,&nbsp;</strong>at the Chicago Marriott Downtown Magnificent Mile.</em></p>
<p><em>Get exclusive access to CEO presentations, 1:1 meetings with investors, and valuable insights from top financial experts. Whether you're a trader, entrepreneur, or investor, this event offers unparalleled opportunities to grow your portfolio and network with industry leaders.</em></p>
<p><a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/" target="_blank" rel="noreferrer noopener"><em>Secure your spot and get your tickets today!</em></a></p>
<p><em>Image created using artificial intelligence via Midjourney.</em></p>


Analyst Color

Long Ideas

Federal Reserve

AMAL

FCNCA

PNFP

Bank Stocks Hit Inflection Point After Fed's 50 Basis Point Cut, Analyst Reveals Top Picks

<p><strong>Huntington Bancshares Inc.</strong>&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hban#NASDAQ">HBAN</a>) shares rose 2.5% in yesterday&#39;s trading session after the company announced its plans to expand its banking franchise in North Carolina and South Carolina. The bank intends to add more than 350 employees across varied business divisions and launch roughly 55 retail branches within the next five years.</p>
<p>The first branches will be located in Charlotte, Raleigh and Winston-Salem in North Carolina and Charleston, Columbia and Greenville in South Carolina. The bank is currently searching for branch sites, with construction anticipated to begin in 2026.</p>
<p>This move is in alignment with the other banks penetrating the Carolina market, given a rise in the regional population. <strong>JPMorgan</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jpm#NYSE">JPM</a>) and <strong>Comerica Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cma#NYSE">CMA</a>) have expanded into the region to deepen their presence.</p>
<h2>HBAN&#39;s Expansion History in Carolinas Market</h2>
<p>Last year, HBAN announced its plans to expand its commercial banking presence in Charlotte. The move aimed at tapping into the high deposit levels in Carolinas. It planned to add a team of experienced bankers to establish relationships with customers in Charlotte to boost its capital and liquidity.</p>
<p>Since the aforementioned announcement, the bank has established five units and 120 relationships in the Carolinas market with an emphasis on verticals like the middle market, small business administration and health care lending.</p>
<p>Similarly, JPM announced its plans to further strengthen its presence in the North and South Carolina regions by establishing new branches and increasing corporate office space in the region. By 2025, the bank intends to have more than 100 branches across both states. Also, CMA announced its focus on Southeast markets in 2022 through the addition of offices in South Carolina and Georgia.</p>
<h2>Huntington&#39;s Strategic Rationale Behind This Expansion</h2>
<p>The company&#39;s expansion will enable clients across the Carolinas to leverage Huntington&#39;s expertise and comprehensive range of personal, wealth, business and commercial banking services.</p>
<p>This move furthers the company&#39;s presence and investment in the region and supports the bank&#39;s strategic plan and long-term growth strategy. The bank aims to capture an estimated $8 billion long-term deposit market.</p>
<p>Huntington&#39;s full-scale retail expansion into the Carolinas complements its ongoing multi-million dollar and multi-year plan to expand its banking franchise in numerous strategic markets, including Denver, Minneapolis and Chicago.</p>
<p>Brant Standridge, consumer and regional banking president at Huntington, stated, &quot;The Carolinas is a fast-growing, highly dynamic region and we are proud to deepen our presence and bring our expertise and capabilities to even more customers in this market.&quot; He added, &quot;the bank&#39;s foray into consumer lending, wealth management and consumer deposits will support continued commercial banking growth in the region.&quot;</p>
<h2>Final Thoughts on HBAN&#39;s Expansion Efforts</h2>
<p>This strategic initiative aligns with the company&#39;s inorganic expansion strategy to gain market share and enhance its profitability. Such moves will bolster the bank&#39;s competitive position. In fact, Huntington is one of the top 20 bank holding companies in the United States and remains focused on acquiring the industry&#39;s best deposit franchise.</p>
<p>The bank&#39;s total deposits witnessed a compound annual growth rate of 16.4% over the four years ended 2023. The uptrend continued in the first half of 2024.</p>
<p>Strengthening the commercial banking business will further enhance the deposit franchise of Huntington. This makes the ongoing expansion efforts a strategic fit for the company.</p>
<p>Year to date, shares of Huntington have risen 15.3% compared with the industry&#39;s gain of 10.4%.&nbsp;</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/0c/77174.jpg?v=1587788860" /></p>
<p>Image Source: Zacks Investment Research</p>
<p>Currently, HBAN carries a Zacks Rank #2 (Buy).</p>
<p><a href="https://www.zacks.com/stock/news/2334061/hban-stock-rises-on-north-south-carolina-branch-expansion?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2334061">To read this article on Zacks.com click here.</a></p>


HBAN Stock Rises on North & South Carolina Branch Expansion

WIIM

CACC

CFBK

CRBG

FSFG

NYCB

VBFC

Shares of bank stocks are trading lower in possible sympathy with Ally, which fell after the company's CFO noted credit challenges among borrowers. The sector earlier reacted to Fed Vice Chair for Supervision Barr previewing Basel and GSIB surcharge re-proposals.

General

Shares of bank stocks are trading lower after Fed Vice Chair for Supervision Barr unveiled Basel and GSIB surcharge re-proposals.

Huntington Bancshares Adds Corporate Mortgage Finance Business To Commercial Banking

<p><i>Cleveland Browns Stadium to Become "Huntington Bank Field"</i></p>
<p>CLEVELAND, Sept. 3, 2024 /PRNewswire/ -- The Cleveland Browns and The Huntington National Bank today announced a 20-year partnership that includes the naming rights to the Browns' stadium, which will now be called "Huntington Bank Field."&nbsp;</p>
<p>As part of the new partnership, Huntington Bank, a super-regional bank headquartered in Columbus, Ohio, will also become the team's official and exclusive banking partner. The partnership strengthens both organizations' shared vision and long-standing commitment to the Cleveland community and broader region.</p>


The Cleveland Browns And Huntington Bank Announce 20-Year Partnership That Includes The Naming Rights To The Browns' Stadium, Which Will Now Be Called "Huntington Bank Field"

<p>Morgan Stanley  analyst Ken Zerbe   maintains Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) with a Overweight and raises the price target from $16 to $18.</p>


Morgan Stanley Maintains Overweight on Huntington Bancshares, Raises Price Target to $18

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<p>Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.</p>
<ul>
<li>Deutsche Bank analyst Scott Deuschle downgraded the rating for <strong>L3Harris Technologies, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>) from Buy to Hold, but increased the price target from $245 to $257. L3Harris Technologies shares gained 2.6% to settle at $243.27 on Thursday. See how other analysts view this stock. <a href="https://www.benzinga.com/quote/LHX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird analyst David George downgraded <strong>Huntington Bancshares Incorporated</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) from Outperform to Neutral and maintained a price target of $15. Huntington Bancshares shares gained 0.9% to close at $15.06 on Thursday. <a href="https://www.benzinga.com/quote/HBAN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank analyst Michael Linenberg downgraded the rating for <strong>Southwest Airlines Co</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) from Buy to Hold, while lowering the price target from $32 to $29. Southwest Airlines shares rose 5.5% to close at $28.08 on Thursday. See how other analysts view this stock.</li>
<li>Jefferies analyst Anna Glaessgen downgraded <strong>Brunswick Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BC#NYSE">BC</a>) from Buy to Hold and lowered the price target from $115 to $70. Brunswick shares rose 7.5% to close at $79.02 on Thursday. <a href="https://www.benzinga.com/quote/BC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan analyst Robbie Marcus downgraded the rating for <strong>DexCom, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>) from Overweight to Neutral, while cutting the price target from $145 to $75. DexCom shares fell 3.7% to close at $107.85 on Thursday. <a href="https://www.benzinga.com/quote/DXCM/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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</ul>


Downgrades

Pre-Market Outlook

DXCM

This Southwest Airlines Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

<p>Baird  analyst David George   downgrades Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) from Outperform to Neutral and maintains the price target from $15 to $15.</p>


Baird Downgrades Huntington Bancshares to Neutral, Maintains Price Target to $15

<p>Morgan Stanley  analyst Ken Zerbe   maintains Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) with a Overweight and raises the price target from $15 to $16.</p>


Morgan Stanley Maintains Overweight on Huntington Bancshares, Raises Price Target to $16

<p>Citigroup  analyst Keith Horowitz   maintains Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) with a Buy and raises the price target from $17 to $18.</p>


Citigroup Maintains Buy on Huntington Bancshares, Raises Price Target to $18

<p>B of A Securities  analyst Ebrahim Poonawala   maintains Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) with a Buy and raises the price target from $15 to $17.</p>


B of A Securities Maintains Buy on Huntington Bancshares, Raises Price Target to $17

<p>Argus Research  analyst Kevin Heal   maintains Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) with a Buy and raises the price target from $15 to $16.</p>


Argus Research Maintains Buy on Huntington Bancshares, Raises Price Target to $16

<p>In the preceding three months, 13 analysts have released ratings for Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>), presenting a wide array of perspectives from bullish to bearish.</p>
<p>The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $15.31, a high estimate of $18.00, and a low estimate of $11.50. Experiencing a 1.73% decline, the current average is now lower than the previous average price target of $15.58. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1721660465_0.png" alt="price target chart" /></p>
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
<p>The perception of Huntington Bancshares by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jon Arfstrom</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$17.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Scott Siefers</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Underweight</td>
<td>$13.50</td>
<td>$11.50</td>
</tr>
<tr>
<td>David Konrad</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$14.50</td>
<td>$15.00</td>
</tr>
<tr>
<td>Ken Usdin</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Buy</td>
<td>$15.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Steven Alexopoulos</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$16.50</td>
<td>$17.00</td>
</tr>
<tr>
<td>John Pancari</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$15.00</td>
<td>$16.50</td>
</tr>
<tr>
<td>Steven Alexopoulos</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$17.00</td>
<td>$18.00</td>
</tr>
<tr>
<td>Scott Siefers</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$11.50</td>
<td>$13.50</td>
</tr>
<tr>
<td>Erika Najarian</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$15.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Ken Zerbe</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$15.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>David Konrad</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$15.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Jon Arfstrom</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$16.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Steven Alexopoulos</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$18.00</td>
<td>$16.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Huntington Bancshares. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Huntington Bancshares compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
<p>Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Huntington Bancshares's market position. Stay informed and make well-informed decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/HBAN/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Huntington Bancshares analyst ratings.</strong></a></p>
<h2>Get to Know Huntington Bancshares Better</h2>
<p>Huntington Bancshares Inc is a regional bank holding company headquartered in Columbus, Ohio. The bank operates in two business segments: Consumer &amp; Regional Banking and Commercial Banking. The bank derives the maximum of its revenue from the Consumer &amp; Business Banking segment. The other segment of the bank consists of Treasury and others. The bank also provides auto dealer, equipment finance, investment management, trust, brokerage, capital market services, and other services.</p>
<h3>Huntington Bancshares: Financial Performance Dissected</h3>
<p><strong>Market Capitalization Analysis:</strong> The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.</p>
<p><strong>Revenue Challenges:</strong> Huntington Bancshares's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately <strong>-8.69%</strong>. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.</p>
<p><strong>Net Margin:</strong> Huntington Bancshares's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of <strong>21.84%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of <strong>2.26%,</strong> the company may need to address challenges in generating satisfactory returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of <strong>0.2%,</strong> the company may need to address challenges in generating satisfactory returns from its assets.</p>
<p><strong>Debt Management:</strong> Huntington Bancshares's debt-to-equity ratio surpasses industry norms, standing at <strong>0.88</strong>. This suggests the company carries a substantial amount of debt, posing potential financial challenges.</p>
<h2>Analyst Ratings: Simplified</h2>
<p>Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. </p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Decoding 13 Analyst Evaluations For Huntington Bancshares

<p>RBC Capital  analyst Jon Arfstrom   maintains Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) with a Outperform and raises the price target from $16 to $17.</p>


RBC Capital Maintains Outperform on Huntington Bancshares, Raises Price Target to $17

Barclays analyst Jason Goldberg maintained a Hold rating on Huntington Bancshares (HBAN – Research Report) today and set a price target of $15.00. ...

Huntington Bancshares (HBAN) Gets a Hold from Barclays

VP Harris's small business tax deduction is positive for small business lending – BTIG

HUNTINGTONBancshares Incorporated 5.7% DP SH PFD I declares $0.3562 dividend

Huntington Bancshares goes ex dividend tomorrow

FDIC board approves new, stricter policy on bank merger transactions

Overweight quality stocks with positive EPS revision - MS

Overweight quality stocks with positive EPS revisions - MS

Huntington Bancshares has less need for fresh capital, CFRA says

TCW Relative Value Mid Cap Fund Q2 2024 Commentary

In a report released today, Manan Gosalia from Morgan Stanley maintained a Buy rating on Huntington Bancshares (HBAN – Research Report), with a pri...

Morgan Stanley Remains a Buy on Huntington Bancshares (HBAN)

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Press Releases

Huntington Bancshares Incorporated Announces Second Quarter 2024 Earnings Call Details

Huntington Private Bank wins two Wealth for Good Awards

Ethos Capital Bolsters Senior Operating Team with New Executive Partners

Dividends

Huntington Bancshares Incorporated Declares Quarterly Cash Dividends On Its Common and Preferred Stocks

Huntington Bancshares to Present at the 2024 Barclays Global Financial Services Conference

Capstone Partners Appoints Ken Wasik as Co-Head of Investment Banking to Support Ongoing Strategic Growth

The Cleveland Browns and Huntington Bank announce 20-year partnership that includes stadium naming rights

Huntington Bank Names Timothy Miller Chief Communications Officer

Huntington Bancshares Incorporated Declares Cash Dividend On Its Series I Preferred Stock

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