Huntington Bancshares Q2 Earnings Gets Mixed Analysts Reactions

Analysts have mostly mixed reactions to Huntington Bancshares Inc.'s  HBAN second-quarter 2023 earnings results.

Last week, Huntington reported second-quarter revenues of $1.84 billion, broadly in line with the consensus, while EPS of $0.35 beat the consensus of $0.34.

The company reduced the 2023 guidance for net interest income to up 3%-5% from 6%-9% and Noninterest Income to down 2%-4% from a flat-to-down 2%.

Check out other analyst stock ratings. 

The Raymond James analyst raised the price target to $15 from $14 with a Strong Buy rating.

Stephens & Co. analyst Terry McEvoy increased the price target to $13 from $12 with an Equal-Weight rating. He raised the 2023 and 2024 operating EPS estimates to $1.35 from $1.25 and $1.15 from $1.05, respectively. 

RBC Capital Markets analyst Jon G. Arfstrom maintained the price target at $14 with an Outperform rating. His revised estimates were for 2023 EPS of $1.42 from $1.43 and 2024 EPS of $1.42 from $1.48.

HBAN Price Action: Huntington Bancshares is trading higher by 3.06% at $12.14 on the last check Monday.

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