Huntington Bancshares (HBAN): Assessing Valuation Following Analyst Upgrades and Strong Earnings Momentum

Huntington Bancshares (HBAN) is getting attention from analysts following a series of upbeat events. These include strong third quarter results, raised financial guidance, and the rollout of new treasury management technology.

See our latest analysis for Huntington Bancshares.

After a run of upbeat earnings and guidance announcements, Huntington Bancshares’ share price has moved higher in recent days as investors respond to the company’s focus on growth and innovation. While the year-to-date share price return remains slightly negative, momentum seems to be building, with the stock up 1.32% over the past day and a solid 8.6% total return over the last twelve months, reflecting long-term confidence in the bank’s direction.

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With the stock trading below analyst targets and optimism building after a wave of positive news, the question for investors now is whether Huntington Bancshares offers an undervalued entry point or if the market is already factoring in the bank’s future growth ambitions.

Most Popular Narrative: 18.1% Undervalued

The top narrative signals that Huntington Bancshares is trading well below its calculated fair value. The last close of $16.07 sits at a substantial discount to the narrative’s estimate. This divide highlights how key strategic growth assumptions could be making the analyst consensus more optimistic than the current market price suggests.

The expansion into Texas via the Veritex acquisition, combined with ongoing organic growth in high-population-growth markets (Texas, North Carolina, South Carolina), is set to substantially increase Huntington's addressable market and fee-generating opportunities. This may likely drive higher revenue and earnings growth as these regions mature.

Read the complete narrative.

Want to know what’s fueling Wall Street’s double-digit growth assumptions? Discover which bold expansion moves and financial projections could be pushing this valuation skyward. See what surprising quantitative forecasts are behind the gap between price and target.

Result: Fair Value of $19.63 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, risks remain, including heightened competition from digital banks and the potential for integration challenges as Huntington expands into new markets.

Find out about the key risks to this Huntington Bancshares narrative.

Build Your Own Huntington Bancshares Narrative

If you see the story differently or want to dig into the numbers yourself, you can craft your own analysis in just minutes, and Do it your way.

A good starting point is our analysis highlighting 6 key rewards investors are optimistic about regarding Huntington Bancshares.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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