For its first fiscal quarter (ending March 31), Huntington Bancshares Inc (NASDAQ: HBAN) has reported E.P.S. of $0.26 compared to $0.40 a year ago. For the latest four quarters through March 31, E.P.S. were $1.12 compared to $1.57 a year ago.
Recent Price Action
Huntington Bancshares Inc (NASDAQ: HBAN) stock closed at $13.28 on 4/19/24 after a modest gain of 0.8%. Moreover, this advance was accompanied by exceptionally high trading volume at 226% of normal. The stock has declined -1.6% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are 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 complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Huntington Bancshares has a slightly positive Appreciation Score of 66 and a very high Power Rating of 86, triggering 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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