Evercore ISI Sticks To Its Holding Rating For Huntington Bancshares Inc. By Investing.com
Evercore ISI analyst John Pancari maintained a hold rating on Huntington Bancshares (NASDAQ 🙂 Inc. on Friday, setting a price target of $ 17, or about 8.01% above the current price of the share of $ 15.74.
Pancari expects Huntington Bancshares Inc. to post earnings per share (EPS) of $ 0.00 for the fourth quarter of 2021.
The current consensus among 7 TipRanks analysts is in favor of a moderate buy rating for shares of Huntington Bancshares, with an average price target of $ 17.47.
Analysts’ price targets range from a high of $ 20 to a low of $ 15.
In its latest earnings report, released 9/30/2021, the company reported quarterly revenue of $ 1.7 billion and net income of $ 0. The company’s market capitalization is $ 23.24 billion.
According to TipRanks.com, Evercore ISI analyst John Pancari is currently rated with 4 stars on a 0 to 5 star rating scale, with an average return of 14.0% and a success rate of 64.79%.
Huntington Bancshares, Inc. operates as a bank holding company. It provides commercial and consumer banking services, mortgage banking services, auto financing, recreational and marine vehicle financing, equipment leasing, investment management, trust services, brokerage services, insurance programs and other financial products and services. The company operates through the following segments: Personal and Commercial Banking, Commercial Banking, Commercial Real Estate and Vehicle Finance, Regional Banking and The Huntington Private Client Group, and Mortgage Loans. The Personal and Business Banking segment provides financial products and services to consumers and small businesses including, but not limited to, chequing accounts, savings accounts, money market accounts, certificates deposits, investments, consumer loans, credit cards and small business loans. The Commercial Banking segment provides products and services to mid-market, large corporate and government public sector clients located primarily within its geographic footprint. The segment is divided into the following business units: Mid-Market, Large Enterprise, Specialty Banking, Asset Finance, Capital Markets, Treasury Management, and Insurance. The Commercial Real Estate & Vehicle Financing segment provides products and services including the financing of land, buildings and other commercial real estate owned or constructed by real estate developers, automobile dealers or other clients with investment needs. financing of real estate projects, and financing for the purchase of automobiles, light trucks, recreational vehicles and watercraft from franchised dealers, financing of the acquisition of new and used vehicles from franchised automobile dealers. The Regional Banking Services segment and The Huntington Private Client Group comprises private banking, wealth and investment management and pension services. The Home Loans segment creates and manages consumer and mortgage loans for clients located in primary banking markets. Huntington Bancshares was founded in 1966 and is headquartered in Columbus, OH.
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