/Huntington%20Bancshares%2C%20Inc_%20location-by%20Eric%20Glenn%20via%20Shutterstock.jpg)
With a market cap of $22.4 billion, Columbus, Ohio-based Huntington Bancshares Incorporated (HBAN) is a diversified regional bank holding company serving customers across multiple states. Huntington delivers its services through a robust network of branches, ATMs, digital platforms, and customer call centers, providing personalized banking experiences for individuals, businesses, and institutions.
Companies valued at $10 billion or more are generally considered “large-cap” stocks and Huntington Bancshares fits this criterion perfectly. Through The Huntington National Bank and its affiliates, HBAN offers a wide range of financial services, including commercial, consumer, and mortgage banking, wealth management, insurance, and capital markets solutions.
The regional bank holding company has experienced a 16.8% decline from its 52-week high of $18.44. HBAN has seen its shares decline 6.7% over the past three months, slightly lagging behind the iShares U.S. Regional Banks ETF's (IAT) 6.2% drop during the same period.
In the longer term, HBAN's shares have dipped 5.7% on a YTD basis, just below IAT's 5.2% decline. However, Huntington Bancshares has gained 14.8% over the past 52 weeks, slightly outpacing IAT's 14.2% return over the same period.
HBAN has been trading mostly above its 50-day and 200-day moving averages since last year, suggesting a bullish price trend. But, the stock has recently slipped below both moving averages.
Shares of Huntington Bancshares rose over 1% on Jan. 17 after the release of strong Q4 2024 earnings results. The company reported a more than two-fold increase in quarterly profit, driven by robust capital markets performance and higher net interest income (NII). Capital markets and advisory fees surged 74% to $120 million, while wealth and asset management revenue increased 8% to $93 million. The bank posted a profit of $0.34 cents per share and revenue net of interest expense of around $2 billion, surpassing analysts' expectations.
Additionally, Huntington's net interest income (NII) rose 6% to $1.4 billion, and the company projected 2025 NII growth of 4% to 6%, further fueling investor optimism.
Nevertheless, in comparison, rival M&T Bank Corporation (MTB) has outperformed HBAN, declining 2.4% on a YTD basis and experiencing a rise of 29% over the past 52 weeks.
Despite HBAN's underperformance relative to its industry peers, analysts are moderately optimistic about the stock's prospects. The stock has a consensus rating of “Moderate Buy” from the 19 analysts covering it, and it is currently trading below the mean price target of $19.03.
