Huntington Bancshares Stock Fair Value Calculator – Wolfe Upgrades Citizens Financial and Huntington Bancshares Ratings

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Wolfe has upgraded ratings of two prominent financial companies in the United States, Citizens Financial and Huntington Bancshares ($NASDAQ:HBAN), to “Outperform” and “Market Perform” respectively. This news comes as a positive boost to investors in both companies. Huntington Bancshares is a regional bank holding company headquartered in Columbus, Ohio. It operates through its subsidiaries, which include several banks that provide retail and commercial financial services.

Through its full-service banking network, Huntington Bancshares provides checking, savings, investments, and lending services to individuals and business customers. The company has also been expanding its operations by making strategic acquisitions and partnerships as well as introducing new products and services. Investor sentiment is strong in Huntington Bancshares given that the company’s earnings beat the expectations of analysts in the last quarter.

Market Price

On Tuesday, Wolfe Research upgraded the stock ratings of both Citizens Financial Group and Huntington Bancshares. Following the upgrade, shares of Huntington Bancshares opened at $9.6 and closed at $9.5, a drop of 0.4% from the previous closing price of $9.6. The downgrade in stock prices suggests that investors are cautious about the performance of the two banks in coming quarters. Live Quote…

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…

Analysis – Huntington Bancshares Stock Fair Value Calculator

GoodWhale helps you analyze HUNTINGTON BANCSHARES‘s fundamentals, so you can make informed decisions when investing in the stock. According to our proprietary Valuation Line, the intrinsic value of HUNTINGTON BANCSHARES share is around $15.5. Therefore, if you are looking for a potential bargain, HUNTINGTON BANCSHARES may be an attractive option. 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

Investment analysts at Wolfe recently upgraded their ratings of Huntington Bancshares, a regional bank holding company headquartered in Columbus, Ohio. The analysts cite a strong balance sheet, successful retail banking operations, and impressive loan portfolio performance as reasons for the upgrade. They also note that the company’s net interest margin is robust and is likely to remain so due to its strong deposit base.

Additionally, analysts are encouraged by the company’s cost-effective retail banking operations, which have helped to offset some of the margin pressures faced by other regional banks. The analysts have upgraded their rating of Huntington Bancshares to “outperform” and are recommending that investors consider taking a long position in the company.