Huntington Bancshares Stock (NASDAQ: HBAN)

Huntington Bancshares Stock (NASDAQ:HBAN), Trade Ideas

Huntington Bancshares

Huntington Bancshares Inc is a regional bank holding company headquartered in Columbus, Ohio. The bank operates in two business segments: Consumer & Regional Banking and Commercial Banking. The bank derives the maximum of its revenue from the Consumer & Business Banking segment. The other segment of the bank consists of Treasury and others. The bank also provides auto dealer, equipment finance, investment management, trust, brokerage, capital market services, and other services.

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Regional bank stocks (i.e., Metropolitan Bank) represented by SPDR S&amp;P Regional Banking ETF, have rebounded after hitting 200-day moving average.

Regional Banks Surge: Earnings Propel Rebound From Key Support Level At 200-Day Average

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U.S. stocks appear headed for another losing day, potentially marking a sixth consecutive session in the red for Wall Street.

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Huntington Bancshares Incorporated - Common Stock

Huntington Bancshares Inc

Huntington Bancshares Incorporated - Depositary Shares, Each Representing a 1/40th Interest in a Share of 6.875% Series J Non-Cumulative Perpetual Preferred Stock

Huntington Bancshares Incorporated - Depositary Shares each representing a 1/1000th interest in a share of Huntington Series I Preferred Stock

Huntington Bancshares Incorporated - Depositary Shares 4.500% Series H Non-Cumulative Perpetual Preferred Stock

Morgan Stanley analyst Ken Zerbe maintains Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) with a Overweight and maintains $16 price target.

Morgan Stanley Maintains Overweight on Huntington Bancshares, Maintains $16 Price Target

Regional bank stocks, as represented by the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>), have experienced a noticeable rebound after recently hitting the <a href="https://www.benzinga.com/money/200-day-moving-average#:~:text=200%2DDay%20SMA%20Formula,-To%20calculate%20the&amp;text=The%20200%2Dday%20SMA%20is%20recalculated%20every%20day%20by%20adding,200%20to%20calculate%20the%20average.">200-day moving average support. </a>
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&#8217;s turmoil in the regional banking sector.
Chart: Regional Banks Rebound Off 200-Day Support Line
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/22110051/image-152-1024x495.png" alt="" class="wp-image-302555" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/22110051/image-152-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/22110051/image-152-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/22110051/image-152-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/22110051/image-152-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/22110051/image-152.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Analyst Insights And Key Stock Valuation </h3>
&#8220;Regional banks with strong deposit franchises are well-positioned in a structurally higher rate environment,&#8221; 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 &#8220;higher for longer&#8221; 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% discount relative to the S&amp;P 500, which is a slight improvement from the previous 36% discount.
<h3 class="wp-block-heading">Standout Regional Bank Performers: Metropolitan Bank And Huntington Bancshares</h3>
Metropolitan Bank Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCB#NYSE">MCB</a>) stands out as a top performer among regional banks, with shares rallying 14% over the last month. 
The bank reported a first-quarter 2024 core EPS of $1.51, surpassing expectations due to robust revenue and lower-than-expected provision expenses. 
JPMorgan Chase &amp; Co&#8217;s analyst Alex Lau believes that this success can be attributed to its effective handling of deposit gathering and concerns over New York City commercial real estate loans, which makes up about 70% of its total loan portfolio, with an additional 10% in multifamily loans. Given the current investor apprehensions, particularly regarding office spaces, a weakening in the commercial real estate market could potentially raise credit concerns within the bank&#8217;s portfolio.
For Metropolitan Bank Holding, the financial outlook for 2024 includes a projected loan growth between $600 million and $800 million, with the net interest margin (NIM) expected to be between 3.45% and 3.50% in the fourth quarter. 
Operating expenses for the year are anticipated to range from $160 million to $163 million, while fee income is estimated to fall between $19 million and $21 million. 
The provision for credit losses could range from $6 million to $8 million, with the potential to increase depending on the year&#8217;s credit conditions. 
Additionally, Lau has revised core earnings per share (EPS) estimates for Metropolitan Bank Holding, increasing the 2024 estimate from $5.77 to $6.12 and the 2025 estimate from $7.57 to $7.71.
JPMorgan Chase &amp; Co. currently holds an Overweight rating on MCB, with a $55 price target, implying a 30% potential upside from current levels. 
See Also: <a href="https://www.benzinga.com/insights/analyst-ratings/24/04/38092252/evaluating-metropolitan-bank-holding-insights-from-4-financial-analysts">Evaluating Metropolitan Bank Holding: Insights From 4 Financial Analysts</a>
Huntington Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NYSE">HBAN</a>) has also seen a positive performance, increasing by over 6% in 2024, marking one the strongest returns in relation to the industry this year. 
As recently stated by Goldman Sachs, the bank&#8217;s first-quarter results were solid, with core pre-provision net revenue (PPNR) exceeding expectations driven by higher net interest income (NII) and reduced expenses.
Reported earnings per share were 0.26, beating the expected 0.24, and revenue came in at $1.77 billion, surpassing the forecasted $1.74 billion. 
&#8220;We still see several reasons to remain positive on the story as HBAN is one of the biggest beneficiaries of fixed asset repricing across the regionals,&#8221; analyst Ryan M. Nash, CFA, wrote. 
Additionally, Huntington Bancshares&#8217;s credit metrics continue to outperform regional averages, with net charge-offs (NCOs) at approximately 30 basis points and non-performing loans (NPLs) slightly up by 3 basis points quarter-over-quarter to 58 basis points. 
Huntington Bancshares is also in a &#8220;strong capital position&#8221; and well prepared to either pursue growth opportunities or stock buybacks ahead of its competitors.
Now Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38356886/s-p-500-trades-at-two-month-low-where-is-the-next-support">S&amp;P 500 Trades At Two-Month Low: Where Is The Next Support?</a>
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Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) 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.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
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.
<img src="https://www.benzinga.com/files/images/story/2024/1713794444_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
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.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Terry McEvoy</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$15.00</td>
<td>-</td>
</tr>
<tr>
<td>Jon Arfstrom</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$16.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Ken Usdin</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$16.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Ebrahim Poonawala</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$16.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>David Konrad</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$15.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Steven Alexopoulos</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$16.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Terry McEvoy</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$15.00</td>
<td>-</td>
</tr>
<tr>
<td>John Pancari</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$16.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Scott Siefers</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$14.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Peter Winter</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$15.50</td>
<td>$14.00</td>
</tr>
<tr>
<td>Erika Najarian</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$15.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Ken Zerbe</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$16.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Keith Horowitz</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$15.00</td>
<td>$14.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Huntington Bancshares. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Huntington Bancshares compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Huntington Bancshares's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/HBAN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Huntington Bancshares analyst ratings.</a>
<h2>Delving into Huntington Bancshares's Background</h2>
Huntington Bancshares Inc is a regional bank holding company headquartered in Columbus, Ohio. The bank operates in two business segments: Consumer &amp; Regional Banking and Commercial Banking. The bank derives the maximum of its revenue from the Consumer &amp; Business Banking segment. The other segment of the bank consists of Treasury and others. The bank also provides auto dealer, equipment finance, investment management, trust, brokerage, capital market services, and other services.
<h3>Huntington Bancshares's Financial Performance</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Decline in Revenue: Over the 3 months period, Huntington Bancshares faced challenges, resulting in a decline of approximately -9.33% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: Huntington Bancshares's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 12.09%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Huntington Bancshares's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 1.3%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Huntington Bancshares's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.11%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.73, caution is advised due to increased financial risk.
<h2>What Are Analyst Ratings?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse Into The Expert Outlook On Huntington Bancshares Through 13 Analysts

Stephens &amp; Co. analyst Terry McEvoy reiterates Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) with a Equal-Weight and maintains $15 price target.

Reiteration

Stephens & Co. Reiterates Equal-Weight on Huntington Bancshares, Maintains $15 Price Target

U.S. stocks are experiencing declines this Friday, on track of ending another week of negative performance. 
The Nasdaq 100 has dropped over 5% this week, potentially marking its most significant decline since late October 2022, while the S&amp;P 500 faces its sixth consecutive day of losses, the longest such streak since September 2022, with concerns over interest rates, corporate earnings, and geopolitical tensions <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38334504/israel-strikes-iranian-air-base-tehran-downplays-attack-as-blinken-calls-for-calm-oil-pric">weighing on investor sentiment.</a>
Industry-wise, semiconductor stocks, tracked by the VanEck Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NYSE">SMH</a>) are down 2.7%, eyeing weekly declines of about 8%, marking the most significant drop since June 2022.
Israel carried out limited retaliation against Iran overnight, targeting a location near an air base facility without causing significant damage.
Yields on shorter-dated U.S. Treasury bonds remain stable at around 5%, maintaining levels seen since mid-November 2023, amid Federal Reserve Chair Jerome Powell&#8216;s staunch opposition to rate cuts.
Gold prices surged to $2,400 per ounce amid escalating tensions in the Middle East, while oil prices stabilized after an initial rise following the Israeli strike.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) saw a modest increase of over 1%, with the crypto community anticipating the upcoming halving event.
<h3 class="wp-block-heading" id="h-friday-s-performance-in-major-us-indices-etfs">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,001.61</td>
<td>0.6%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1,947.93</td>
<td>0.0%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>4,984.63</td>
<td>-0.5%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>17,127.17</td>
<td>-1.5%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1.30 p.m. EDT </figcaption></figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.4% to $496.85, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.5%% to $379.83 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) tumbled 1.5% to $417.03 according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
Sector-wise, the Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) outperformed, up 1.6%, followed by the Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), up 1.3%. The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) was the major laggard, down 1.5%. 
<h3 class="wp-block-heading" id="h-friday-s-stock-movers">Friday&#8217;s Stock Movers</h3>
<ul>
<li>Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) rocketed 13% on rumors that Apollo Global Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>)&nbsp;and Sony Group Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>)&nbsp;are mulling a joint bid for the company.</li>
<li>Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) dropped 18% as the company announced its third-quarter earnings date, but it did not provide preliminary estimates.</li>
<li>Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) saw a fall of nearly 9% despite beating Street estimates last quarter. Investors negatively reacted to the company&#8217;s plans to cease providing quarterly disclosures on subscriber growth or average revenue per member starting next year.</li>
<li>Other companies reacting to earnings were American Express Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) up 5.5%, Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>) up 5.6%, Huntington Bancshares Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) up 1.5% Regions Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RF#NYSE">RF</a>) down 0.7%, Procter &amp; Gamble Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) flat, and Schlumberger Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>), down 1.5%. </li>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) was 0.5% lower after the EV-maker recalled thousands of Cybertrucks due to an accelerator pedal problem. </li>
</ul>
Read now: <a href="https://www.benzinga.com/general/macro-notification/24/04/38337484/is-the-us-national-debt-unsustainable-we-cant-have-a-deficit-of-7-of-the-gdp">Is The US National Debt Unsustainable? &#8216;We Can&#8217;t Have A Deficit Of 7% Of The GDP&#8217;</a>
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S&P 500 Nears 6-Day Slide, Nasdaq 100 Faces Worst Week Since Late 2022: What's Driving Markets Friday?

&quot;We foresee accelerating loan growth over the course of the year as new teams and expanded markets continue to see substantive opportunities in addition to our existing markets. We expect this growth momentum will carry through the year and into 2025, further supporting our revenue and profitability&nbsp;outlook,&quot; said&nbsp;CEO.

Guidance

Huntington Bancshares Says Outlook For The Year Remains Unchanged As It Looks To Accelerate Organic Growth

U.S. stocks appear headed for another losing day, potentially marking a sixth consecutive session in the red for Wall Street. While index futures on Friday clawed back some earlier losses, sentiment remains fragile following Israel&#8217;s&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/04/38328006/israel-reportedly-strikes-iran-syria-iraq-in-retaliation-for-missile-drone-attack" rel="noreferrer noopener">missile strikes on Iran</a>&nbsp;in response to drone attacks and as explosions were reported in Syria and Iraq.
Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), the first major tech company to report earnings, <a href="https://www.benzinga.com/news/earnings/24/04/38330086/netflix-stock-tumbles-analyst-says-streaming-giant-doing-everything-right-but-growth-factor-doesnt-" target="_blank" rel="noreferrer noopener">disappointed investors</a> with comments about ending membership guidance. Investors may also turn their attention to upcoming regional bank earnings reports. With commodities retreating from their initial spikes and bond yields falling, a potential reversal in sentiment remains in play despite the extended decline.
The session will also likely see volatility as options contracts tied to about $3 trillion in stocks, equity indexes, and exchange-traded funds <a href="https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-gain-as-netflix-earnings-eyed/card/options-tied-to-nearly-3-trillion-in-stocks-set-to-expire-on-friday-6OGifsplhRh8sVduKhbe" target="_blank" rel="noreferrer noopener">expire</a> on Friday.
 Futures Performance On Friday ( as of 6:20 a.m. EDT)
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.63%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.42%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.38%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.83%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> In <a href="https://www.benzinga.com/premarket/" target="_blank" rel="noreferrer noopener">premarket</a>&nbsp;trading on Friday, the&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.41% to $497.49,&nbsp;and the&nbsp;Invesco QQQ ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.67% to $420.58, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.</figcaption></figure>
Cues From Previous Session:
Stocks struggled to gain momentum on Thursday, remaining in a lackluster phase despite mostly positive economic data that pushed bond yields higher. The S&amp;P 500 saw its first losing streak of this length since late October, just before the current bull market began, while the Nasdaq experienced its longest negative run since January, per CNBC.
 Jobless claims came in below expectations, and Philadelphia&#8217;s regional manufacturing activity saw significant expansion, although the Conference Board&#8217;s leading economic index fell more than anticipated. Additionally, apprehension ahead of the tech reporting season contributed to overall market sentiment. However, sectors like consumer staples, communication services, and financials offered some support.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance In (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.52%</td>
<td>15,601.50</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.22%</td>
<td>5,011.12</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.06%</td>
<td>37,775.38</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.26%</td>
<td>1,942.96</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Fund manager Louis Navellier said the next two weeks are pivotal to the earnings season, with Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and&nbsp;Alphabet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) reporting next week, and Amazon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) the week after and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) on May 22.&nbsp;
&#8220;These names have been driving earnings growth and their strength is necessary to mount further index growth due to their&nbsp;heavy weight in the indexes,&#8221; he said.
Another analyst flagged the possibility of a potential rebound in the coming months. Almanac Traders&#8217; Jeffrey Hirsch said when the first quarter fares well during a presidential election year, one can expect gains solid gains in the final seven months of the year.
&#8220;Big Election Year Q1s Dip April-May Before Gains Last 7 Months,&#8221; he said in a post, adding that 2024 was the third-best election year first quarter since 1950.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Big Election Year Q1s Dip April-May Before Gains Last 7 Months. 2024 3rd best Election Q1 since 1950 tracking. Chop continues up ~2.5% April-Oct. Only 2 losses in the last 7 months of election years since 1950, 2000 &amp; 2008 (2024 Almanac page 80). <a href="https://t.co/thKL7tbYsu">pic.twitter.com/thKL7tbYsu</a>
&mdash; Jeffrey A. Hirsch (@AlmanacTrader) <a href="https://twitter.com/AlmanacTrader/status/1781017887869735077?ref_src=twsrc%5Etfw">April 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">Upcoming Economic Data:</figcaption></figure>
Chicago Fed President Austan Goolsbee is scheduled to speak at 10:30 a.m. EDT.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Stocks In Focus:
<ul>
<li>Netflix fell about 6%<a href="https://www.benzinga.com/premarket"> in premarket trading</a> following its quarterly results, while Intuitive Surgical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) gained over 1.50%.</li>
<li>Big techs such as Tesla, Nvidia, and Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) all retreated in premarket.</li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) shares rose as cryptocurrencies gained ground on the geopolitical tensions.</li>
<li>Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) gained over 9% after a Bloomberg report said Apollo Global Management Inc. and Sony Group Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) were considering a joint offer for the company.</li>
<li>American Express Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>), Huntington Bancshares Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>), Regions Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RF#NYSE">RF</a>), Procter &amp; Gamble Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) and Schlumberger Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) are among those <a href="https://www.benzinga.com/calendars/earnings">reporting earnings ahead of the market open.</a> </li>
</ul>
Commodities, Bonds, and Global Equity Markets:
Crude oil futures, which spiked past the $86-a-barrel mark in early Asian hours following the Israeli attacks, have come notably off the level. At last check, a barrel of oil fetched a little over $82. Gold futures hit as high as $2,433 a troy ounce but has slipped back since then and traded below the $2,400 mark.
The 10-year note yield has pulled back the 4.60% level.
 Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rallied past the $65K mark, thanks to the uncertainty triggered by the geopolitical tension and the optimism ahead of the <a href="https://www.benzinga.com/money/what-is-bitcoin-halving">halving event</a>. It rose over 5.60% at the last check. The halving is expected to happen anytime between Friday and Saturday when 840,000 Bitcoins have been mined. Bitcoin tracking website Bitaps shows that 839,916 Bitcoins are currently in circulation. 
Most Asian markets fell sharply on Friday on the geopolitical tensions, led lower by the Japanese market. The Indian and the Malaysian markets bucked the downtrend. Parliamentary elections are underway in India to elect the next head of state, with the ruling coalition projected to win by opinion poll. 
European stocks traded moderately lower in early trading.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38329084/cathie-wood-sees-value-in-tesla-wreckage-as-ark-buys-13m-worth-of-ev-giants-stock-loads-up">Cathie Wood Sees Value In Tesla Wreckage As Ark Buys $13M Worth Of EV Giant&#8217;s Stock, Loads Up On Bitcoin And Ethereum ETFs</a>

Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) reported quarterly &nbsp;sales of $1.754 billion which beat the analyst consensus estimate of $1.744 billion by 0.57 percent. This is a 8.69 percent decrease over sales of $1.921 billion the same period last year.

Huntington Bancshares Q1 2024 Sales $1.754B Beat $1.744B Estimate

Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) reported quarterly Adj earnings of $0.28 per share which beat the analyst consensus estimate of $0.25 by 12 percent.

Huntington Bancshares Q1 2024 Adj EPS $0.28 Beats $0.25 Estimate

WIIM

BANC

EWBC

FFIC

FULT

INDB

LBAI

PPBI

SBCF

SFBS

SFNC

WSFS

ZION

Shares of companies in the broader financial sector are trading lower amid overall market weakness following hotter-than-expected March inflation data.

RBC Capital analyst Jon Arfstrom maintains Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) with a Outperform and raises the price target from $15 to $16.

RBC Capital Maintains Outperform on Huntington Bancshares, Raises Price Target to $16

Jefferies analyst Ken Usdin upgrades Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) from Hold to Buy and raises the price target from $14 to $16.

Upgrades

Jefferies Upgrades Huntington Bancshares to Buy, Raises Price Target to $16

Huntington Bancshares Incorporated&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) shares are trading higher today.&nbsp;BofA Securities&nbsp;analyst Ebrahim H. Poonawala upgraded the stock to Buy (from Neutral) and raised the&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/HBAN/analyst-ratings" rel="noreferrer noopener">price target to $16 (from $14)</a>.
The analyst says that Huntington Bancshares is well-positioned to navigate multiple macroeconomic outcomes.
Moreover, franchise investments, footprint, and solid execution is expected to drive an acceleration in revenue growth into 2025, writes the analyst. The analyst says fewer rate cuts are positive, with a potential for FY24 net interest income (NII) to remain flat.&nbsp;
In particular, the analyst predicts near-term growth in auto floor plan/inventory finance (Q1 seasonally strong) to provide defensibility and forecasts revenue growth accelerating to +8.4% FY25 (vs. +3.7% peer median).
The analyst writes that $13 billion-15 billion in fixed-rate loan repricing should serve as a tailwind to NII growth in FY24/FY25.&nbsp;
Poonawala revised the EPS estimates by 4% to $1.20 for FY24, 15% to $1.44 for FY25, and 14% to $1.55 for FY26 thanks to higher NII.&nbsp;
In January 2024, Huntington Bancshares reported a 10% Y/Y decline in fourth-quarter FY23 net interest income, and CEO Steve Steinour expressed optimism for 2024, highlighting attractive growth prospects and&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/01/36697126/huntington-ceo-upbeat-on-2024-prospects-despite-missing-q4-revenue-estimates-projects-attractive-gr" rel="noreferrer noopener">potential acceleration in loan growth</a>.
Investors can gain exposure to the stock via&nbsp;IShares U.S. Regional Banks ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAT#NYSE">IAT</a>) and&nbsp;SPDR S&amp;P Regional Banking ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>).
Price Action: HBAN shares are up 2.83% at $13.98 on the last check Monday.
Photo via Wikimedia Commons

iShares Dow Jones US Regional Banks Index Fund

Huntington Bancshares Gets Bullish Upgrade, Analyst Forecasts Accelerated Growth Despite Rate Worries

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Canaccord Genuity boosted the price target for CervoMed Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crvo#NASDAQ">CRVO</a>) from $50 to $65. Canaccord Genuity analyst Sumant Kulkarni maintained a Buy rating. CervoMed shares fell 5.3% to close at $20.50 on Friday. <a href="https://www.benzinga.com/quote/CRVO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Susquehanna increased the price target for Transocean Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rig#NYSE">RIG</a>) from $5.5 to $9. Susquehanna analyst Charles Minervino upgraded the stock from Neutral to Positive. Transocean shares fell 0.2% to close at $6.53 on Friday. <a href="https://www.benzinga.com/quote/RIG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Truist Securities raised Sealed Air Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/see#NYSE">SEE</a>) price target from $39 to $44. Truist Securities analyst Michael Roxland upgraded the stock from Hold to Buy. Sealed Air shares fell 1.7% to close at $32.66 on Friday. <a href="https://www.benzinga.com/quote/SEE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler raised the price target for Perrigo Company plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/prgo#NYSE">PRGO</a>) from $35 to $39. Piper Sandler analyst Korinne Wolfmeyer maintained an Overweight rating. Perrigo shares fell 0.2% to close at $31.40 on Friday. <a href="https://www.benzinga.com/quote/PRGO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Mizuho cut The Simply Good Foods Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smpl#NASDAQ">SMPL</a>) price target from $50 to $40. Mizuho analyst John Baumgartner maintained a Buy rating. Simply Good Foods shares fell 1.6% to close at $32.20 on Friday. <a href="https://www.benzinga.com/quote/SMPL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley boosted Shockwave Medical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/swav#NASDAQ">SWAV</a>) price target from $285 to $335. Morgan Stanley analyst Patrick Wood downgraded the stock from Overweight to Equal-Weight. Shockwave Medical shares gained 2% to close at $326.34 on Friday. <a href="https://www.benzinga.com/quote/SWAV/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group raised the price target for The Walt Disney Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dis#NYSE">DIS</a>) from $115 to $130. Evercore ISI Group analyst Vijay Jayant maintained an Outperform rating. Disney shares rose 1.1% to close at $118.38 on Friday. <a href="https://www.benzinga.com/quote/DIS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Goldman Sachs raised BJ&#39;s Wholesale Club Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bj#NYSE">BJ</a>) price target from $81 to $87. Goldman Sachs analyst Kate McShane upgraded the stock from Neutral to Buy. BJ&#39;s Wholesale Club shares fell 0.2% to close at $75.91 on Friday. <a href="https://www.benzinga.com/quote/BJ/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird cut Douglas Dynamics, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/plow#NYSE">PLOW</a>) price target from $36 to $25. Baird analyst Timothy Wojs downgraded the stock from Outperform to Neutral. Douglas Dynamics shares gained 0.2% to close at $24.00 on Friday. <a href="https://www.benzinga.com/quote/PLOW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities increased Huntington Bancshares Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hban#NASDAQ">HBAN</a>) price target from $14 to $16. B of A Securities analyst Ebrahim Poonawala upgraded the stock from Neutral to Buy. Huntington Bancshares shares climbed 0.6% to close at $13.60 on Friday. <a href="https://www.benzinga.com/quote/HBAN/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/24/04/38137629/why-esperion-therapeutics-shares-are-trading-higher-by-around-7-here-are-20-stocks-moving-premarket"> Why Esperion Therapeutics Shares Are Trading Higher By Around 7%; Here Are 20 Stocks Moving Premarket </a>

CRVO

PLOW

PRGO

SMPL

SWAV

Disney To Rally Around 10%? Here Are 10 Top Analyst Forecasts For Monday

B of A Securities analyst Ebrahim Poonawala upgrades Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) from Neutral to Buy and raises the price target from $14 to $16.

B of A Securities Upgrades Huntington Bancshares to Buy, Raises Price Target to $16

Keefe, Bruyette &amp; Woods analyst David Konrad maintains Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) with a Market Perform and raises the price target from $14 to $15.

Keefe, Bruyette & Woods Maintains Market Perform on Huntington Bancshares, Raises Price Target to $15

Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) has been analyzed by 8 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Huntington Bancshares, presenting an average target of $15.19, a high estimate of $16.00, and a low estimate of $14.00. Witnessing a positive shift, the current average has risen by 15.16% from the previous average price target of $13.19.
<img src="https://www.benzinga.com/files/images/story/2024/1711638070_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
A comprehensive examination of how financial experts perceive Huntington Bancshares is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Pancari</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$16.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Scott Siefers</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$14.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Peter Winter</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$15.50</td>
<td>$14.00</td>
</tr>
<tr>
<td>Erika Najarian</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$15.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Ken Zerbe</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$16.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Keith Horowitz</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$15.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>John Pancari</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$15.00</td>
<td>$10.50</td>
</tr>
<tr>
<td>Jason Goldberg</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$15.00</td>
<td>$12.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Huntington Bancshares. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Huntington Bancshares compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Huntington Bancshares's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of Huntington Bancshares's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/HBAN/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Huntington Bancshares analyst ratings.</a>
<h2>Delving into Huntington Bancshares's Background</h2>
Huntington Bancshares Inc is a regional bank holding company headquartered in Columbus, Ohio. The bank operates in two business segments: Consumer &amp; Regional Banking and Commercial Banking. The bank derives the maximum of its revenue from the Consumer &amp; Business Banking segment. The other segment of the bank consists of Treasury and others. The bank also provides auto dealer, equipment finance, investment management, trust, brokerage, capital market services, and other services.
<h3>Huntington Bancshares: Delving into Financials</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Decline in Revenue: Over the 3 months period, Huntington Bancshares faced challenges, resulting in a decline of approximately -9.33% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Huntington Bancshares's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 12.09%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Huntington Bancshares's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 1.3%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Huntington Bancshares's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 0.11%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Huntington Bancshares's debt-to-equity ratio stands notably higher than the industry average, reaching 0.73. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Analyst Ratings: What Are They?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Deep Dive Into Huntington Bancshares Stock: Analyst Perspectives (8 Ratings)

Evercore ISI Group analyst John Pancari maintains Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) with a Outperform and raises the price target from $15 to $16.

Evercore ISI Group Maintains Outperform on Huntington Bancshares, Raises Price Target to $16

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