Huntington Bancshares (HBAN, Financial) announced robust financial results for the first quarter, showcasing exceptional performance that underscores the bank's strategic effectiveness and confidence in its 2025 vision. Executives expressed assurance in their overall strategy, reinforcing their optimism about the company's ability to continue staying ahead of industry rivals.
The bank highlighted its unprecedented market positioning, attributing its strong credit performance as a key driver of success. This solid credit foundation is expected to support its advantage across various economic conditions that may arise.
With the positive outcomes from the first quarter setting a promising tone, Huntington remains steadfast in its pursuit to outperform its competitors throughout the year and beyond.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for Huntington Bancshares Inc (HBAN, Financial) is $17.93 with a high estimate of $21.00 and a low estimate of $15.00. The average target implies an upside of 31.30% from the current price of $13.66. More detailed estimate data can be found on the Huntington Bancshares Inc (HBAN) Forecast page.
Based on the consensus recommendation from 21 brokerage firms, Huntington Bancshares Inc's (HBAN, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Huntington Bancshares Inc (HBAN, Financial) in one year is $15.17, suggesting a upside of 11.09% from the current price of $13.655. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Huntington Bancshares Inc (HBAN) Summary page.
