nasdaq: hban Company Overview and Financial Analysis

Hban is a US-based company that operates a digital banking platform for businesses.

Hban was founded in 2016 by a team of entrepreneurs who aimed to provide a more efficient and cost-effective banking solution for small businesses.

The company's platform allows businesses to manage their finances, pay bills, and make transactions online.

Hban's platform is designed to be user-friendly and accessible, making it easy for small business owners to navigate and manage their finances.

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Huntington Bancshares Incorporated, the parent company of The Huntington National Bank, operates as a bank holding company in the United States. They provide a range of financial services to both consumers and businesses.

HBAN offers deposits, lending, payments, and other financial products and services to its customers. This includes checking accounts, savings accounts, loans, and investment management services.

The company's financial products and services are designed to meet the needs of both consumer and business customers. They offer a range of solutions, from basic checking and savings accounts to more complex financial services like investment management and trust services.

One of the notable features of HBAN's services is its focus on digital solutions. They offer a range of digitally powered financial solutions, including 24-hour grace checking and money scout services.

Here's a breakdown of HBAN's financial performance and growth prospects:

Huntington Bancshares has seen its share price fluctuate over the years, with a current price of $17.20. This is a significant increase from its 52-week low of $12.05.

The stock has a beta of 1.1, indicating that it tends to be more volatile than the overall market. This means that investors may experience more frequent and potentially larger price swings.

In the past year, Huntington Bancshares' share price has risen by 36.62%, outpacing the market's growth. This is a notable achievement, especially considering the stock's 52-week high of $18.45.

Here's a breakdown of the stock's performance over the past year:

The stock's IPO has seen a remarkable 615.62% increase in value, making it a significant investment opportunity.

When analyzing the competitors of HBAN, it's worth noting that HBAN operates as the bank holding company for The Huntington National Bank, providing commercial, consumer, and mortgage banking services in the United States.

HBAN's Snowflake Score for Financial Health is 6/6, indicating a strong financial position, which is likely a key factor in its competitive advantage.

HBAN's Valuation score is 3/6, suggesting that investors may view the company's stock as overvalued compared to its peers.

Discover more: Hban Stock Price Today per Share

One of the main competitors of Huntington Bancshares is PNC Financial Services Group, which has a similar business model and operates in the same Midwestern region.

PNC Financial Services Group has a significantly larger market capitalization, with a value of over $60 billion, compared to Huntington Bancshares' market capitalization of around $22 billion.

Fifth Third Bancorp is another competitor of Huntington Bancshares, offering a range of financial services and products to its customers.

Fifth Third Bancorp has a strong presence in the Midwest, with operations in several states, including Ohio, Indiana, and Kentucky.

KeyBank National Association is also a competitor of Huntington Bancshares, with a large network of branches and ATMs across the United States.

KeyBank National Association has a significant presence in the Northeast and Midwest regions, with a strong focus on consumer and commercial banking services.

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Huntington Bancshares Inc has a market capitalization of $25.8 billion, which is significantly higher than that of FirstMerit Corp, which is $3.4 billion.

In comparison to PNC Financial Services Group Inc, Huntington Bancshares Inc has a lower debt-to-equity ratio, with 0.24 compared to PNC's 0.29.

Huntington Bancshares Inc has a lower dividend yield, with 2.3%, compared to Fifth Third Bancorp's 3.1%.

HBAN's earnings growth is forecast to be 7.6% per year, which is above the savings rate of 2.6%. This is a promising sign for investors.

According to analyst forecasts, HBAN's revenue is expected to grow at a rate of 6.4% per year, which is slower than the US market's growth rate of 8.8% per year.

HBAN's forecasted earnings growth is also slower than the US market's growth rate of 14.9% per year. This suggests that HBAN's earnings may not keep pace with the broader market.

Here's a summary of HBAN's forecasted growth rates:

In 3 years time, HBAN's Return on Equity (ROE) is forecast to be 10.8%, which is considered low. This could be a concern for investors looking for strong returns.

The key information for Nasdaq: Hban is pretty straightforward. The banks' earnings growth is a notable 8.9%.

Revenue growth rate is also on the rise, coming in at 6.4%. This is a positive sign for investors.

We can also look at the future return on equity, which is projected to be 10.8%. This is a promising indicator for the company's future performance.

Analyst coverage for Hban is good, which suggests that the company is well-researched and understood by the financial community.