- Huntington Bancshares‘ return on average assets for the third quarter was 1.04%, outperforming estimates of 0.96%.
- Year-over-year, the return on average assets saw a decrease from 1.16%.
- The company’s earnings per share (EPS) were reported at 33 cents, compared to 35 cents in the previous year.
- Return on average equity was 10.8%, down from 12.4% year-over-year.
- Huntington’s management highlighted disciplined actions taken over the years, reinforcing a strong operational position.
- The company experienced accelerated loan growth and sustained deposit gathering efforts during the quarter.
- Huntington forecasts continued accelerated loan growth in the fourth quarter, driven by core business strength and new initiatives.
- Market analysts have 11 buy ratings, 7 hold ratings, and 1 sell rating for Huntington Bancshares.
A look at Huntington Bancshares Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, Huntington Bancshares Incorporated shows a positive long-term outlook. With a high Value score and Dividend score of 4 each, the company is seen as offering good value for investors while also providing attractive dividend returns. Additionally, its strong Momentum score of 5 suggests that the company is currently performing well in the market and is expected to continue this trend. However, the Growth score of 3 and Resilience score of 2 indicate some room for improvement in these areas.
Huntington Bancshares Incorporated, a multi-state bank holding company, offers a range of financial services to both commercial and consumer clients. Services provided include banking, mortgage services, investment management, trust services, and insurance programs. With a solid overall outlook based on the combination of its Smartkarma Smart Scores, investors may find Huntington Bancshares to be a promising investment option for the long term.
Disclaimer: This article by Smartkarma is general in nature and 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. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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