Morgan Stanley (NYSE:MS) analyst Ken Zerbe maintained a Hold rating on Huntington Bancshares (NASDAQ:HBAN) Inc. on Monday, setting a price target of $15, which is approximately 14.42% above the present share price of $13.11.
Zerbe expects Huntington Bancshares Inc. to post earnings per share (EPS) of $0.27 for the fourth quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Huntington Bancshares, with an average price target of $12.
The analysts price targets range from a high of $15 to a low of $10.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $1.25 billion and a net profit of $0. The company's market cap is $13.34 billion.
According to TipRanks.com, Morgan Stanley analyst Ken Zerbe is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 7.8% and a 56.41% success rate.
Huntington Bancshares, Inc. operates as a bank holding company. It provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services. The company operates through the following segments: Consumer & Business Banking, Commercial Banking, Commercial Real Estate & Vehicle Finance, Regional Banking & The Huntington Private Client Group, and Home Lending. The Consumer & Business Banking segment provides financial products and services to consumer and small business customers including but not limited to checking accounts, savings accounts, money market accounts, certificates of deposit, investments, consumer loans, credit cards and small business loans. The Commercial Banking segment provides products and services to the middle market, large corporate, and government public sector customers located primarily within its geographic footprint. The segment is divided into following business units: Middle Market, Large Corporate, Specialty Banking, Asset Finance, Capital Markets, Treasury Management, and Insurance. The Commercial Real Estate & Vehicle Finance segment provides products and services include providing financing for land, buildings, and other commercial real estate owned or constructed by real estate developers, automobile dealerships, or other customers with real estate project financing needs, and financing for the purchase of automobiles, light-duty trucks, recreational vehicles and marine craft at franchised dealerships, financing the acquisition of new and used vehicle inventory of franchised automotive dealerships. The Regional Banking and The Huntington Private Client Group segment consists of private banking, wealth & investment management, and retirement plan services. The Home Lending segment originates and services consumer loans and mortgages for customers who are located in primary banking markets. Huntington Bancshares was founded in 1966 and is headquartered in Columbus, OH.