Why Are People Talking About Investing in HBAN?

By Susan Ramirez • Monday, January 23 15:17 • Permanent Link

Shares of Regional Banking company Huntington Bancshares jumped 3.5% today. With many investors piling into HBAN without a second thought, it may be a good idea to take a closer look at the stock. Here are some quick facts to get you started:

Huntington Bancshares has moved -9.8% over the last year, and the S&P 500 logged a change of -9.9%
HBAN has an average analyst rating of hold and is -8.38% away from its mean target price of $15.94 per share
Its trailing earnings per share (EPS) is $1.45
Huntington Bancshares has a trailing 12 month Price to Earnings (P/E) ratio of 10.1 while the S&P 500 average is 15.97
Its forward earnings per share (EPS) is $1.59 and its forward P/E ratio is 9.2
The company has a Price to Book (P/B) ratio of 1.4 in contrast to the S&P 500's average ratio of 2.95
Huntington Bancshares is part of the Financial Services sector, which has an average P/E ratio of 13.34 and an average P/B of 1.95
HBAN has reported YOY quarterly earnings growth of 60.9% and gross profit margins of 0%
Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG). The Consumer and Business Banking segment offers financial products and services, such as checking accounts, savings accounts, money market accounts, certificates of deposit, credit cards, and consumer and small business loans, as well as investment products. This segment also provides mortgages, insurance, interest rate risk protection, foreign exchange, automated teller machine, and treasury management services, as well as online, mobile, and telephone banking services. It serves consumer and small business customers. The Commercial Banking segment offers regional commercial banking solutions for middle market businesses, government and public sector entities, and commercial real estate developers/REITs; and specialty banking solutions for healthcare, technology and telecommunications, franchise finance, sponsor finance, and global services industries. It also provides asset finance services; capital raising solutions, sales and trading, and corporate risk management products; institutional banking services; and treasury management services. The Vehicle Finance segment provides financing to consumers for the purchase of automobiles, light-duty trucks, recreational vehicles, and marine craft at franchised and other select dealerships, as well as to franchised dealerships for the acquisition of new and used inventory. The RBHPCG segment offers private banking, wealth and investment management, and retirement plan services. As of March 18, 2022, the company had approximately 1,000 branches in 11 states. Huntington Bancshares Incorporated was founded in 1866 and is headquartered in Columbus, Ohio.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.