Huntington Bancshares Inc (NASDAQ: HBAN) has reported earnings for its third fiscal quarter (ending September 30) of $0.33 versus $0.35 for the same period a year ago — a decline of -6%. Relative to the consensus estimate of $0.30, this was a premium of $0.03. For the latest four quarters through September 30, E.P.S. were $1.05 versus $1.54 for the same period a year ago — a decline of -32%.
Recent Price Action
Huntington Bancshares Inc (NASDAQ: HBAN) stock declined by -2.6% on 10/17/24. The shares closed at $15.43. Moreover, unusually high trading volume at 193% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months and has risen 3.3% during the last week.
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). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Huntington Bancshares has a slightly positive Appreciation Score of 65 and a good Power Rating of 78, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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