With shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) trading at around $6.33, is Huntington Bancshares Incorporated an OUTPERFORM, WAIT AND SEE or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:
C = Catalyst for the Stock’s Movement
If you’re looking for a great investment option in regional banking, then look no further than Huntington Bancshares Incorporated. There are many impressive numbers to cover, but the first thing you should know is that there has been consistent insider buying throughout the second half of the year. Other positives include steady loan growth, healthy margins, and over $100 million left in a share repurchase program.
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It’s safe to say that Huntington Bancshares Incorporated is a comeback story. The stock still doesn’t trade anywhere near where it used to prior to the financial crisis of 2008/2009, but on a fundamental basis, this company is officially out of the woods. Management overhaul had a lot to do with this success, including CEO Stephen Steinour, who was hired in 2009. Over the past 12 months, Huntington Bancshares Incorporated has added more than 240,000 new customers. In addition to that, loss provisions are down over 90 percent over the past three years.
Let’s take a look at some more important numbers and see if they’re as impressive.