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Why Huntington Bancshares (HBAN) is a Top Momentum Stock for the Long-Term

Zacks Equity Research
·2-min read

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.

Is This 1 Momentum Stock a Screaming Buy Right Now?

Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

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Huntington Bancshares (HBAN)

Headquartered in Columbus, OH, Huntington Bancshares Incorporated is a multi-state diversified regional bank holding company. Through its subsidiaries, including its banking subsidiary The Huntington National Bank, the company provides a comprehensive suite of banking, payments, wealth management, and risk management products and services.

HBAN is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of B and VGM Score of B. Shares are up 1.2% over the past one week and up 9.6% over the past four weeks. HBAN has lost 8.6% in the last one-year period as well. Looking at trading volume, an average of 11,809,136 shares exchanged hands over the last 20 trading days.

A company's earnings performance is important for momentum investors as well. For fiscal 2022, six analysts revised their earnings estimate higher in the last 60 days for HBAN, while the Zacks Consensus Estimate has increased $0.04 to $1.46 per share. HBAN also boasts an average earnings surprise of 0.9%.

HBAN should be on investors' short list because of its impressive earnings fundamentals, a good Zacks Rank, and strong Momentum and VGM Style Scores.


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Zacks Investment Research