4,406 Shares in Huntington Bancshares Incorporated $HBAN Bought by Sentry Investment Management LLC

Sentry Investment Management LLC bought a new position in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 4,406 shares of the bank’s stock, valued at approximately $77,000.

Several other hedge funds have also bought and sold shares of HBAN. GAMMA Investing LLC lifted its stake in Huntington Bancshares by 6.4% in the 1st quarter. GAMMA Investing LLC now owns 42,196 shares of the bank’s stock worth $633,000 after purchasing an additional 2,540 shares in the last quarter. QRG Capital Management Inc. lifted its stake in Huntington Bancshares by 11.9% in the 1st quarter. QRG Capital Management Inc. now owns 25,827 shares of the bank’s stock worth $388,000 after purchasing an additional 2,751 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its stake in Huntington Bancshares by 14.1% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 20,633 shares of the bank’s stock worth $310,000 after purchasing an additional 2,553 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Huntington Bancshares by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 170,257 shares of the bank’s stock worth $2,555,000 after purchasing an additional 4,525 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund lifted its stake in Huntington Bancshares by 42.7% in the 1st quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 41,980 shares of the bank’s stock worth $630,000 after purchasing an additional 12,569 shares in the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on HBAN shares. Wall Street Zen cut shares of Huntington Bancshares from a “hold” rating to a “sell” rating in a research note on Sunday. Truist Financial boosted their price target on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, September 12th. DA Davidson upped their target price on shares of Huntington Bancshares from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Wolfe Research upgraded shares of Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research report on Thursday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.50.

Insider Buying and Selling

In related news, EVP Marcy C. Hingst sold 41,100 shares of the company’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $18.00, for a total transaction of $739,800.00. Following the transaction, the executive vice president directly owned 299,361 shares in the company, valued at approximately $5,388,498. This represents a 12.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Performance

Shares of NASDAQ:HBAN opened at $15.50 on Monday. The company has a market capitalization of $22.61 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 0.73 and a beta of 0.96. Huntington Bancshares Incorporated has a 12 month low of $11.91 and a 12 month high of $18.44. The firm’s 50-day moving average is $17.08 and its 200 day moving average is $16.12. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.89.

Huntington Bancshares (NASDAQ:HBAN) last issued its quarterly earnings results on Wednesday, June 11th. The bank reported $0.28 EPS for the quarter. The company had revenue of $469.00 million for the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. Research analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

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.