
Huntington Bancshares (HBAN) Stock Forecast & Price Target
Huntington Bancshares (HBAN) Analyst Ratings
Bulls say
Huntington Bancshares has demonstrated solid financial performance with a 3.3% sequential increase in net interest income to $1.395 billion and a marginal improvement in net interest margin to 3.03%. The bank's loan portfolio grew by 2.9% to $130.0 billion, driven primarily by strength in commercial and industrial lending, alongside notable growth in deposits which rose by 2.6% to $162.4 billion. Additionally, Huntington's wealth management segment is experiencing significant growth, with advisory households increasing by 26% and supportive technological initiatives poised to further enhance customer engagement and conversion rates.
Bears say
Huntington Bancshares is facing a challenging financial environment, with projections indicating a 2% to 3% decrease in net interest income for the first quarter, despite modest loan growth of approximately 2%. Furthermore, the company reported a sequential decline in the yield on earning assets by 20 basis points, which reflects decreasing loan and securities yields, exacerbating margin pressure. Additionally, there is concern over a potential economic downturn that may lead to sluggish loan growth and heightened credit costs, further adding to the uncertainty surrounding the bank's financial performance.
This aggregate rating is based on analysts' research of Huntington Bancshares and is not a guaranteed prediction by Public.com or investment advice.
Huntington Bancshares (HBAN) Analyst Forecast & Price Prediction
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