For its fourth fiscal quarter (ending December 31), Huntington Bancshares Inc (NASDAQ: HBAN) has reported a -65% decline in E.P.S. from $0.43 a year ago to $0.15 in the current quarter. This result fell short of the consensus estimate of $0.27 by $-0.12. For the latest four quarters through December 31, E.P.S. were $1.26 versus $1.47 for the same period a year ago — a decline of -14%.
Recent Price Action
Huntington Bancshares Inc (NASDAQ: HBAN) stock closed at $12.72 on 1/19/24 after a large increase of 3.9%. Moreover, this advance was accompanied by unusually high trading volume at 164% of normal. The stock has declined -1.6% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, HBAN is expected to continue to be an important Value Builder.
Huntington Bancshares has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Huntington Bancshares has a good Power Rating of 76 and a good Appreciation Score of 79, producing the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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