Allworth Financial LP Increases Position in Huntington Bancshares Incorporated Stock
January 9, 2023
Trending News 🌥️
Huntington Bancshares ($NASDAQ:HBAN) Incorporated is a regional bank holding company that provides consumer, small business, commercial, treasury management, wealth management, and insurance services. It operates through branches, ATMs, and online banking channels in Ohio, Michigan, Indiana, Pennsylvania, West Virginia, and Kentucky. Recently, Allworth Financial LP has increased its position in Huntington Bancshares Incorporated stock. This is because institutional investors like Allworth Financial LP are more likely to take a longer-term view of a company and its stock performance. They are also more likely to be well-informed about current market trends and the prospects of a particular stock.
As such, their increased position in the stock of Huntington Bancshares Incorporated is likely to be a sign of confidence in the company’s long-term prospects. Given the increased position from Allworth Financial LP, investors may want to take a closer look at Huntington Bancshares Incorporated’s stock in order to determine if it is a good investment opportunity. With the backing of a reputable investment management firm like Allworth Financial LP, investors may find that now is an ideal time to invest in Huntington Bancshares Incorporated’s stock.
Stock Price
At the time of writing, media coverage of Huntington Bancshares Incorporated stock was mostly positive. On Tuesday of this week, the stock opened at $14.3 and closed at $14.1. Allworth Financial LP is a financial services company that specializes in investment management and financial planning services. The company provides consumer banking, commercial banking, and investment services to individuals, businesses, and government entities. The closing price of $14.1 for Huntington Bancshares Incorporated stock indicates that investors are confident in the company’s future performance.
With Allworth Financial LP increasing their position in the stock, it could signal that more investors are becoming interested in the company. Given the positive media coverage and investor sentiment, it is likely that Huntington Bancshares Incorporated will continue to experience growth in the coming months. The increased position from Allworth Financial LP shows that they have confidence in the company’s future prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Huntington Bancshares. More…
| Total Revenues | Net Income | Net Margin |
| – | 1.89k | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Huntington Bancshares. More…
| Operations | Investing | Financing |
| 2.06k | -3.96k | 827 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Huntington Bancshares. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 179.4k | 162.23k | – |
Key Ratios Snapshot
Some of the financial key ratios for Huntington Bancshares are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.9% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
VI Analysis
HUNTINGTON BANCSHARES is a strong company with a high health score of 8/10. Its fundamentals reflect its long-term potential, and VI app’s Star Chart analysis shows that it is strong in growth, asset, dividend, and medium in profitability. This makes it a “cheetah” company, one that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors interested in HUNTINGTON BANCSHARES may be attracted to its potential for growth and assets, as well as its dividend returns. The company’s cash flows and debt indicate a high health score, suggesting that it is able to pay off debt and fund future operations. This makes it an attractive choice for investors looking for stability and potential returns. Overall, HUNTINGTON BANCSHARES is an appealing investment opportunity for those looking for potential returns and stability. Its strong fundamentals and high health score make it a great option for both short-term and long-term investors. With its growth potential, assets, and dividends, it is a company worth considering for any investor’s portfolio. More…
VI Peers
As of December 31, 2018, Huntington had $108 billion in assets and 1,102 branches across eight Midwestern states. RHB Bank Bhd is a Malaysian bank with a strong presence across Southeast Asia. As of March 31, 2019, RHB had RM206 billion in assets and 1,633 branches. First Citizens BancShares Inc is a bank holding company headquartered in Raleigh, North Carolina. As of December 31, 2018, First Citizens had $34.1 billion in assets and 575 branches across 19 states and Washington, D.C. Schweizerische Nationalbank is the central bank of Switzerland. As of December 31, 2018, it had CHF746 billion in assets.
– RHB Bank Bhd ($KLSE:1066)
RHB Bank Bhd is a leading Malaysian bank with a market capitalisation of 24.14 billion as of 2022. The bank offers a comprehensive range of banking and financial services to both retail and corporate customers. RHB Bank is one of the largest banks in Malaysia with a strong presence in all major cities and towns. The bank has a wide network of branches and ATMs nationwide. RHB Bank is a major player in the Malaysian banking industry and is well-positioned to capture growth opportunities in the country.
– First Citizens BancShares Inc ($NASDAQ:FCNCA)
First Citizens BancShares Inc is a bank holding company. The Company’s principal subsidiary, First-Citizens Bank & Trust Company (the Bank), is a state-chartered commercial bank. The Bank offers a range of banking services to individuals, businesses, nonprofit organizations, and governmental units. It operates approximately 550 full-service banking offices in 19 states. The Bank’s primary deposit products include checking accounts, savings accounts, money market accounts, and certificates of deposit of various types and maturities. It also offers a range of loan products, such as commercial loans, construction loans, consumer loans, real estate loans and home equity lines of credit. First Citizens BancShares Inc has a market cap of 13.42B as of 2022.
– Schweizerische Nationalbank ($OTCPK:SWZNF)
The Schweizerische Nationalbank (SNB) is the central bank of Switzerland and is responsible for the country’s monetary policy. The SNB has a market capitalization of 417.19 million as of 2022. The bank is headquartered in Bern and has branches in Zurich and Basel. The SNB is a member of the European System of Central Banks and the Bank for International Settlements.
Summary
Investing in Huntington Bancshares Incorporated stock has become increasingly attractive in recent weeks. Media coverage of the stock has been largely positive, with analysts noting the strong fundamentals of the company, its strong balance sheet, and its commitment to capital and dividend growth. Investors may also be attracted to the company’s presence in many of the nation’s fastest-growing regions, as well as its track record of providing competitive returns. Overall, Huntington Bancshares appears to be a strong investment opportunity for those looking for long-term growth potential.
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
