Huntington Bancshares (HBAN) has been the centre of various transactions and possess a compelling narrative, as quoted by Jim Cramer. Despite its stocks underperforming in comparison to its competitors on certain days, HBAN has witnessed substantial shares of its stocks being purchased by multiple companies including the Bank of Montreal, BNP Paribas Financial Markets, Daiwa Securities Group Inc., and others. However, there have also been institutions such as the Manufacturers Life Insurance Company and BNP PARIBAS ASSET MANAGEMENT Holding S.A. that have sold their shares of HBAN. The bank has made several adjustments to its prime rate, with the latest drop to 7.75%. This is the second drop since September. HBAN has also declared a cash dividend on its Series I Preferred Stock. Earnings per share (EPS) for HBAN have excelled expectations with $1.04 without NRI (TTM as of Sep. 2024). They have also projected substantial earnings growth as interest rates decrease. A strategic SWOT insight of the bank reveals a promising future for HBAN. Despite decreasing net income interest forecast causing the stocks to slump, the stocks have been rising due to the bank's expansion into North & South Carolina. Analyst's average recommendation for HBAN is 'Moderate Buy'. With a dividend of $0.155 declared, and a strong loan quality making shares attractive, HBAN showcases significant growth potential.
Huntington Bancshares HBAN News Analytics from Fri, 19 Jan 2024 08:00:00 GMT to Fri, 29 Nov 2024 22:05:00 GMT -
Rating 6
- Innovation 2
- Information 8
- Rumor 3
