Huntington Bancshares Incorporated: Q4 Earnings and Analyst Ratings Breakdown
By Lauren Baxter
Published January 19, 2024
Huntington Bancshares Incorporated (HBAN) is set to announce its fourth-quarter earnings before the market opens on January 19, 2024. Analysts are anticipating a decrease in quarterly earnings to 27 cents per share from 42 cents per share in the same period last year. Revenue is also expected to decline to $1.77 billion from $1.97 billion in the year-ago quarter, as reported by Benzinga Pro.
Key Management Changes
In addition to the upcoming earnings release, Huntington Bancshares recently revealed the retirement of Paul Heller, the Chief Technology and Operations Officer, effective March 1, 2024. This significant change in the company's leadership is worth noting in the context of its financial performance.
Stock Performance and Analyst Ratings
Huntington Bancshares shares closed at $12.24 on the previous trading day. The company's stock has garnered attention from various analysts, with different ratings and price targets. Notable analyst ratings include Raymond James' Strong Buy with a raised price target, RBC Capital's Outperform with an increased price target, and Morgan Stanley's Overweight with a boosted price target. On the other hand, JP Morgan maintained a Neutral rating, and Citigroup initiated coverage with a Buy rating.
Analyst Ratings Overview
Benzinga provides insights into the ratings given by analysts covering Huntington Bancshares. Notable analysts such as David Long, Jon Arfstrom, Ken Zerbe, Steven Alexopoulos, and Keith Horowitz have offered their perspectives on the company's stock. These ratings and price targets, along with their respective accuracy rates, offer valuable information for investors and market observers.
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