Huntington Bancshares Inc

Regional bank stocks, as represented by the SPDR S&P Regional Banking ETF (NYSE:KRE), have experienced a noticeable rebound after recently hitting the 200-day moving average support. This positive movement follows a series of strong earnings aQ1 2024 reports from sector players. Despite this uptick, the gauge still remains nearly 20% below its pre-March 2023 crisis level, a stark reminder of last year’s turmoil in the regional banking sector. Chart: Regional Banks Rebound Off 200-Day Support Line Analyst Insights And Key Stock Valuation “Regional banks with strong deposit franchises are well-positioned in a structurally higher rate environment,” said Ebrahim H. Poonawala, a noted analyst from Bank of America. This sentiment reflects a broader industry expectation that Net Interest Income (NII) could recover this year, with credit losses remaining manageable. This forecast suggests a shifting investor attitude towards a “higher for longer” economic scenario. Stock valuations among regional players are trading between hopes for a soft economic landing and pressures from sustained higher rates. Notably, large-cap regional banks are trading at a price-to-earnings (P/E) ratio of 9x for 2025, compared to a 5-year pre-pandemic median of 13.1x. This represents a 47% ...Full story available on Benzinga.com

Related tickers: KRE, MCB, HBAN.

Huntington Bancshares (NASDAQ:HBAN) has been analyzed by 13 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 3 5 0 0 Last 30D 0 0 1 0 0 1M Ago 2 2 3 0 0 2M Ago 1 0 1 0 0 3M Ago 2 1 0 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $15.42, a high estimate of $16.00, and a low estimate of $14.00. This upward trend is evident, with the current average reflecting a 9.44% increase from the previous average price target of $14.09. Investigating Analyst Ratings: An Elaborate Study The standing of Huntington Bancshares among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Terry McEvoy Stephens & Co. Maintains Equal-Weight $15.00 - Jon Arfstrom RBC Capital Raises Outperform $16.00 $15.00 Ken Usdin Jefferies Raises Buy $16.00 $14.00 Ebrahim Poonawala B of A Securities Raises Buy $16.00 $14.00 David Konrad Keefe, Bruyette & Woods Raises Market Perform $15.00 $14.00 Steven Alexopoulos JP Morgan Raises Neutral $16.00 $15.00 Terry McEvoy Stephens & Co. Maintains Equal-Weight $15.00 - John Pancari Evercore ISI Group Raises Outperform $16.00 $15.00 Scott Siefers Piper Sandler Raises Neutral $14.00 $13.00 Peter Winter DA Davidson Raises Buy $15.50 $14.00 Erika Najarian UBS Raises Buy $15.00 $14.00 Ken Zerbe Morgan Stanley Raises Overweight $16.00 $13.00 Keith Horowitz Citigroup Raises Buy $15.00 $14.00 Key Insights: Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it ...Full story available on Benzinga.com

Related tickers: HBAN.