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Stock impact report

Huntington Bancshares (HBAN) Balances Expansion With Execution Risks [Yahoo! Finance]

Huntington Bancshares Incorporated (HBAN) 
Last huntington bancshares incorporated earnings: 4/23 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: huntington-ir.com
Company Research Source: Yahoo! Finance
March 16, DA Davidson analyst Peter Winter lowered his price target on Huntington Bancshares Incorporated (NASDAQ:HBAN) from $21 to $20, while keeping a Buy rating. The move was driven primarily by concerns about execution risk tied to two simultaneous acquisitions the bank is in the process of. Huntington Bancshares (HBAN) Balances Expansion With Execution Risks Iakov Filimonov/Shutterstock.com The headline acquisition is the merger with Cadence Bank, which is now completed. According to Winter, this acquisition has expanded Huntington's footprint into Texas and the Southeast massively. The acquisition added 390 branches and pushed the combined entity to approximately $279 billion in assets, $221 billion in deposits, and $187 billion in loans, across nearly 1,400 locations in 21 states, noted Winter. However, DA Davidson's concern is not whether the integration will succeed. In fact, Winter explicitly acknowledged Huntington's proven track record on bank integrations. The iss Show less Read more
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