Stanley Laman Group Ltd. Purchases New Holdings in Huntington Bancshares Incorporated $HBAN

Stanley Laman Group Ltd. acquired a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 119,605 shares of the bank’s stock, valued at approximately $2,005,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of HBAN. Family Legacy Financial Solutions LLC bought a new stake in Huntington Bancshares in the second quarter valued at approximately $25,000. Smallwood Wealth Investment Management LLC bought a new position in Huntington Bancshares during the 1st quarter worth $29,000. Quarry LP increased its stake in Huntington Bancshares by 73.0% during the 1st quarter. Quarry LP now owns 1,929 shares of the bank’s stock worth $29,000 after acquiring an additional 814 shares during the period. LFA Lugano Financial Advisors SA acquired a new stake in shares of Huntington Bancshares in the 1st quarter valued at $31,000. Finally, Golden State Wealth Management LLC boosted its holdings in shares of Huntington Bancshares by 516.3% in the 1st quarter. Golden State Wealth Management LLC now owns 2,231 shares of the bank’s stock valued at $33,000 after purchasing an additional 1,869 shares in the last quarter. Institutional investors own 80.72% of the company’s stock.

Analyst Ratings Changes

HBAN has been the topic of several recent research reports. Wall Street Zen raised Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, October 11th. Truist Financial boosted their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Wolfe Research raised Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research report on Thursday, July 3rd. JPMorgan Chase & Co. boosted their price objective on Huntington Bancshares from $18.00 to $18.50 and gave the stock an “overweight” rating in a report on Friday, October 10th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Huntington Bancshares in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.37.

Huntington Bancshares Trading Up 0.8%

NASDAQ:HBAN opened at $15.50 on Friday. The company has a market cap of $22.61 billion, a P/E ratio of 11.48, a P/E/G ratio of 0.72 and a beta of 0.96. The stock’s fifty day moving average price is $17.08 and its two-hundred day moving average price is $16.09. Huntington Bancshares Incorporated has a 1 year low of $11.91 and a 1 year high of $18.44. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last posted its earnings results on Wednesday, June 11th. The bank reported $0.28 earnings per share (EPS) for the quarter. The firm had revenue of $469.00 million for the quarter. Huntington Bancshares had a return on equity of 11.81% and a net margin of 17.36%. As a group, analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Insider Buying and Selling at Huntington Bancshares

In other news, EVP Marcy C. Hingst sold 41,100 shares of the company’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $18.00, for a total value of $739,800.00. Following the transaction, the executive vice president owned 299,361 shares of the company’s stock, valued at approximately $5,388,498. This represents a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.89% of the company’s stock.

About Huntington Bancshares

Huntington Bancshares Incorporated operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States. The company offers financial products and services to consumer and business customers, including deposits, lending, payments, mortgage banking, dealer financing, investment management, trust, brokerage, insurance, and other financial products and services.