The recent news and developments highlight the strategic growth and vibrant financial performance of Huntington Bancshares (HBAN). The bank has been proactive in broadening its footprint, evidenced by the announced acquisitions of KKR-owned Janney Montgomery Scott's units and Cadence Bank. The latter deal, worth $7.4 billion, marks Huntington's deepened commitment to the south U.S., particularly Texas. Further evidence of strategic expansion is seen in Huntington's completed merger with Veritex.
Investment groups, including Harvest Portfolios and Assetmark, have adjusted their stake in HBAN, which mirrors the overall bullish sentiment prevailing among Wall Street analysts. HBAN Director John Inglis has purchased 6,506 shares, indicating confidence in the bank's prospects.
With regards to financial performance, strong Q3 earnings were reported, with encouraging organic loan growth leading to an increased guidance for 2025. The bank declared quarterly cash dividends on its common and preferred stocks, further bolstering HBAN's attractiveness to investors. Standout points from analysts centered around Huntington Bancshares' undervaluation despite recent share price dip. Research groups such as Zacks, RBC Capital, and DA Davidson have given a strong buy or buy rating for HBAN.
Huntington Bancshares HBAN News Analytics from Fri, 27 Jun 2025 07:00:00 GMT to Sat, 08 Nov 2025 14:08:52 GMT - Rating 9 - Innovation 5 - Information 8 - Rumor 7
