Huntington Bancshares: Strong Loan Quality Makes Shares Attractive
Huntington(HBAN) Seeking Alpha·2024-07-29 23:33
Shares of Huntington Bancshares (NASDAQ:HBAN) have been a solid performer over the past year, rising by 24% as its strong deposit franchise has helped it weather the regional banking crisis. After a solid Q2, shares sit at a 52-week high and are up 15% since my buy recommendation in April, outpacing the market's 9% return. Shares are now at my $15 price target, however, making now a good time to revisit the stock. I would remain long shares. Additionally, its CRE loan book is rather small. It accounts for 9 ...