Huntington Bancshares (HBAN) is scheduled to report 1st quarter earnings on 04/19/2024, before the market opens.
Regarding Q1 estimates, Wall Street analysts expect Huntington Bancshares to post earnings of $0.24 per share. Revenue expectations are pegged at $1.74 billion. Last quarter, Huntington Bancshares beat earnings estimates, reporting EPS of $0.15 on estimates of $0.13. The stock rose by 3.97% the day after the last earnings release.
Year-to-date, HBAN stock has risen by 3.74%.
Is Huntington Bancshares Stock a Buy?
Wall Street’s consensus rating for HBAN stock is a Moderate Buy, with an average analyst price target of $15.18, implying upside potential of 16.41% from current levels.
HBAN shares have gained about 28.60% in the past six months.
About Huntington Bancshares
Huntington Bancshares, Inc. operates as a bank holding company. It provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services. The company operates through the following segments: Consumer & Business Banking, Commercial Banking, Commercial Real Estate & Vehicle Finance, Regional Banking & The Huntington Private Client Group, and Home Lending. The Consumer & Business Banking segment provides financial products and services to consumer and small business customers including but not limited to checking accounts, savings accounts, money market accounts, certificates of deposit, investments, consumer loans, credit cards and small business loans. The Commercial Banking segment provides products and services to the middle market, large corporate, and government public sector customers located primarily within its geographic footprint. The segment is divided into following business units: Middle Market, Large Corporate, Specialty Banking, Asset Finance, Capital Markets, Treasury Management, and Insurance. The Commercial Real Estate & Vehicle Finance segment provides products and services include providing financing for land, buildings, and other commercial real estate owned or constructed by real estate developers, automobile dealerships, or other customers with real estate project financing needs, and financing for the purchase of automobiles, light-duty trucks, recreational vehicles and marine craft at franchised dealerships, financing the acquisition of new and used vehicle inventory of franchised automotive dealerships. The Regional Banking and The Huntington Private Client Group segment consists of private banking, wealth & investment management, and retirement plan services. The Home Lending segment originates and services consumer loans and mortgages for customers who are located in primary banking markets. Huntington Bancshares was founded in 1966 and is headquartered in Columbus, OH.
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