Huntington Bancshares Stock Outperforms Market on Bullish Trading Day
December 10, 2023
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Huntington Bancshares ($NASDAQ:HBAN) Inc. is a leading regional bank holding company, providing a wide range of consumer and commercial banking services across eight Midwestern states. On a strong trading day, the stock of Huntington Bancshares Inc. has outperformed the market. Analysts expect this trend to continue, as the bank continues to execute on its growth strategy and maintain strong financial performance in the second quarter.
Stock Price
On Monday, Huntington Bancshares Inc. (HUNT) stock opened at $10.8 and closed at $10.8, down 0.7% from last closing price of 10.9. This outperformance indicates that investors are confident in the company’s prospects for the future. 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 |
| – | 2.22k | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Huntington Bancshares. More…
| Operations | Investing | Financing |
| 4.03k | -11.61k | 8.76k |
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 |
| 186.65k | 168.12k | – |
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 |
| 15.8% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale has been analyzing the financials of HUNTINGTON BANCSHARES. After our evaluation, we classified the company as ‘cheetah’, which is characterized by companies that have achieved high revenue or earnings growth but are perceived to be less stable due to lower profitability. This type of company typically interests investors who are willing to take on more risk in exchange for a potentially higher reward. HUNTINGTON BANCSHARES is strong in growth, asset, and dividend, and medium in profitability. Additionally, the company has a high health score of 8/10 considering its cashflows and debt, indicating that it is capable of sustaining future operations even in times of crisis. This could be an attractive investment opportunity for investors who are looking to take on more risk in order to gain a potentially higher reward. 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 Inc., a major regional banking holding company headquartered in Columbus, Ohio, recently saw its stock outperform the market on a strong trading day. Analysts attribute the strong performance to the attractive valuations of the company’s shares, its revenue growth, its strong dividend yield, and its solid financial position. They also point to the company’s diversified loan portfolio, its continued organic growth, and its cost management initiatives.
The company’s management has also been lauded for its prudent decision-making and commitment to shareholder value. All these factors are likely to result in further upside for Huntington Bancshares’ stock in the near future.
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