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Huntington Bancshares Incorporated (NASDAQ:HBAN) is one of the 11 Best American Bank Stocks to Buy According to Wall Street Analysts. On March 9, Huntington Bancshares Incorporated (NASDAQ:HBAN) received a “Fresh Pick” designation from Baird. The research firm maintained its Outperform rating with a $20 price target on the stock.
According to Baird, the recent weakness in bank stocks has created better risk and reward opportunities for investors. The firm sees a “margin of safety” in many regional banks at current prices. Baird pointed to strong capital positions and solid credit trends. The research firm said that this is a good time for investors to start or increase their positions in regional bank stocks.
In other news, on March 2, Huntington Bancshares Incorporated (NASDAQ:HBAN) announced the opening of a new full-service, flagship branch of the Huntington National Bank in Winston-Salem. This marks another step in the company’s expansion across North Carolina and South Carolina.
This new branch is part of Huntington Bancshares Incorporated’s (NASDAQ:HBAN) previously announced plan to open around 55 locations in the two states. With this latest addition, the bank now operates six full-service branches across five markets across North Carolina and South Carolina.
Huntington Bancshares Incorporated (NASDAQ:HBAN) is a regional bank holding company. The Huntington National Bank and its affiliates provide consumers, small and middle-market businesses, corporations, municipalities, and other organizations with a comprehensive suite of banking, payments, wealth management, and risk management products and services.
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