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Huntington Bancshares ( (HBAN) ) has issued an announcement.
Huntington Bancshares Incorporated has filed a Registration Statement on Form S-4 with the U.S. Securities and Exchange Commission, related to the proposed merger of Cadence Bank into The Huntington National Bank, a subsidiary of Huntington. This merger is expected to enhance Huntington’s market positioning by integrating Cadence Bank’s operations, potentially impacting stakeholders by expanding the company’s reach and operational capabilities.
The most recent analyst rating on (HBAN) stock is a Buy with a $23.00 price target. To see the full list of analyst forecasts on Huntington Bancshares stock, see the HBAN Stock Forecast page.
Spark’s Take on HBAN Stock
According to Spark, TipRanks’ AI Analyst, HBAN is a Outperform.
Huntington Bancshares’ strong financial performance and positive earnings call guidance are the primary drivers of its solid stock score. While technical indicators suggest a bearish trend, the company’s robust profitability and strategic growth initiatives provide a positive outlook.
To see Spark’s full report on HBAN stock, click here.
More about Huntington Bancshares
Average Trading Volume: 31,658,832
Technical Sentiment Signal: Strong Buy
Current Market Cap: $25.63B
For an in-depth examination of HBAN stock, go to TipRanks’ Overview page.