Huntington Bancshares Inc (NASDAQ: HBAN) has reported E.P.S. of $0.30 for its second fiscal quarter (ending June 30) versus $0.36 for the same period a year ago — a decline of -17%. However, this performance was $0.02 better than the consensus estimate of $0.28. E.P.S. were $1.07 for the latest four quarters through June 30 versus $1.58 for the same period a year ago — a decline of -32%.
Recent Price Action
Huntington Bancshares Inc (NASDAQ: HBAN) stock closed at $14.86 on 7/19/24 after a large increase of 3.9%. Moreover, trading volume in this advance was unusually high at 164% of normal. The stock has risen 10.4% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, HBAN is expected to continue to be an important Value Builder.
Huntington Bancshares has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Huntington Bancshares has a slightly positive Appreciation Score of 65 and a good Power Rating of 75, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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