Huntington Bancshares, the Financial sector company, was revisited by a Wall Street analyst today. Analyst David Chiaverini from Jefferies maintained a Buy rating on the stock and has a $20.00 price target.
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David Chiaverini has given his Buy rating due to a combination of factors including Huntington Bancshares’ strong third-quarter performance and positive outlook for future growth. The company reported better-than-expected earnings and raised its full-year 2025 guidance for net interest income growth, which is now projected to be between 10% and 11%, up from the previous 8% to 9%. This upward revision reflects robust demand across its legacy markets and recent expansions.
Furthermore, Huntington Bancshares has shown solid credit quality with improvements in non-performing assets and a decline in criticized asset ratios. The bank’s strategic acquisition of Veritex is expected to further enhance its net interest margin and provide additional growth opportunities in payments, wealth management, and capital markets services. These factors, combined with the company’s plans for share repurchases and its ability to maintain above-average growth in loans, deposits, and fees, underpin Chiaverini’s Buy rating.
In another report released on October 10, J.P. Morgan also maintained a Buy rating on the stock with a $18.50 price target.