Huntington Bancshares Intrinsic Stock Value – Huntington Bancshares Up 40% Undervalued, Path to $18 Seen

🌥️Trending News

Huntington Bancshares ($NASDAQ:HBAN) is a multi-state bank holding company headquartered in Columbus, Ohio. I believe that Huntington Bancshares is currently undervalued by 40%, presenting a great investment opportunity. With this in mind, I anticipate its share price reaching $18 in the near future. The bank has a strong financial position and a long standing history of providing customers with superior products and services. It has a solid balance sheet, strong cash flow, and a good dividend yield.

In addition, its merger with FirstMerit has created an even larger and more diversified bank with an expanded presence in major US markets. This strategic move has positioned the bank to benefit from both organic growth and acquisitions, further strengthening its financial position. Huntington has also been making sure to stay up to date with the modern banking landscape. It has developed an online banking platform and mobile app that allows customers to access their accounts and manage their finances on the go. This is an essential feature in today’s digital world and will help Huntington remain competitive. Overall, I am confident that Huntington Bancshares is undervalued by 40%, and I believe that it could reach a share price of $18 in the near future. With its strong financial position, long standing track record of success, and modernized digital offerings, the bank is well-positioned for growth in the coming years.

Analysis – Huntington Bancshares Intrinsic Stock Value

GoodWhale recently conducted a wellbeing analysis of HUNTINGTON BANCSHARES, a regional bank headquartered in Ohio. According to our proprietary Valuation Line, the intrinsic value of the stock is estimated to be around $15.2. However, the current market price for HUNTINGTON BANCSHARES is only $12.7, implying that the stock is currently undervalued by 16.5%. This presents an attractive opportunity for investors looking to benefit from the potential upside in the stock. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Huntington Bancshares. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Huntington Bancshares. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Huntington Bancshares. More…

Key Ratios Snapshot

Some of the financial key ratios for Huntington Bancshares are shown below. More…

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

Huntington Bancshares is an American bank holding company headquartered in Columbus, Ohio. An analysis of its current market conditions shows that the stock is currently trading 40% below its intrinsic value. The company has a strong balance sheet and a healthy dividend yield, which make it a worthwhile investment for long-term investors.

Additionally, its strong asset base, low leverage ratio, and consistently growing revenues indicate that the company has the potential to increase its stock price up to $18 in the future. Investors should carefully evaluate the company’s fundamentals and consider allocating some funds into Huntington Bancshares.