Barclays analyst Jason Goldberg assigned a Hold rating to Huntington Bancshares (HBAN – Research Report) on January 19 and set a price target of $15.00. The company’s shares opened today at $12.83.
According to TipRanks, Goldberg is a 5-star analyst with an average return of 9.8% and a 58.39% success rate. Goldberg covers the Financial sector, focusing on stocks such as Comerica, Huntington Bancshares, and Regions Financial.
Huntington Bancshares has an analyst consensus of Moderate Buy, with a price target consensus of $14.00, implying a 9.12% upside from current levels. In a report released today, J.P. Morgan also maintained a Hold rating on the stock with a $15.00 price target.
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Based on Huntington Bancshares’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.88 billion and a net profit of $547 million. In comparison, last year the company earned a revenue of $1.9 billion and had a net profit of $594 million
Based on the recent corporate insider activity of 96 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HBAN in relation to earlier this year.
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Huntington Bancshares (HBAN) Company Description:
Huntington Bancshares, Inc. operates as a bank holding company. It provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services. The company operates through the following segments: Consumer & Business Banking, Commercial Banking, Commercial Real Estate & Vehicle Finance, Regional Banking & The Huntington Private Client Group, and Home Lending. The Consumer & Business Banking segment provides financial products and services to consumer and small business customers including but not limited to checking accounts, savings accounts, money market accounts, certificates of deposit, investments, consumer loans, credit cards and small business loans. The Commercial Banking segment provides products and services to the middle market, large corporate, and government public sector customers located primarily within its geographic footprint. The segment is divided into following business units: Middle Market, Large Corporate, Specialty Banking, Asset Finance, Capital Markets, Treasury Management, and Insurance. The Commercial Real Estate & Vehicle Finance segment provides products and services include providing financing for land, buildings, and other commercial real estate owned or constructed by real estate developers, automobile dealerships, or other customers with real estate project financing needs, and financing for the purchase of automobiles, light-duty trucks, recreational vehicles and marine craft at franchised dealerships, financing the acquisition of new and used vehicle inventory of franchised automotive dealerships. The Regional Banking and The Huntington Private Client Group segment consists of private banking, wealth & investment management, and retirement plan services. The Home Lending segment originates and services consumer loans and mortgages for customers who are located in primary banking markets. Huntington Bancshares was founded in 1966 and is headquartered in Columbus, OH.
Read More on HBAN:
- Huntington Bancshares Incorporated Declares Quarterly Cash Dividends On Its Common and Preferred Stocks
- Huntington Bancshares says capital priority is funding higher return loan growth
- Huntington Bancshares says executing on strategic growth initiatives
- Huntington Bancshares provides medium-term financial targets
- Huntington Bancshares sees FY24 average loans up 3%-5%
