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

Stanley Laman Group Ltd. purchased a new stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 119,605 shares of the bank’s stock, valued at approximately $2,005,000.

A number of other institutional investors have also recently bought and sold shares of the business. Chevy Chase Trust Holdings LLC boosted its position in Huntington Bancshares by 0.9% during the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 769,481 shares of the bank’s stock worth $12,897,000 after acquiring an additional 7,053 shares during the period. Nordea Investment Management AB raised its stake in shares of Huntington Bancshares by 12.4% in the 2nd quarter. Nordea Investment Management AB now owns 122,383 shares of the bank’s stock valued at $2,053,000 after acquiring an additional 13,511 shares in the last quarter. Generali Asset Management SPA SGR raised its stake in shares of Huntington Bancshares by 974.9% in the 2nd quarter. Generali Asset Management SPA SGR now owns 86,596 shares of the bank’s stock valued at $1,451,000 after acquiring an additional 78,540 shares in the last quarter. Sagespring Wealth Partners LLC grew its holdings in Huntington Bancshares by 7.4% in the 2nd quarter. Sagespring Wealth Partners LLC now owns 21,090 shares of the bank’s stock valued at $353,000 after buying an additional 1,446 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB grew its holdings in Huntington Bancshares by 3.1% in the 2nd quarter. Wilmington Savings Fund Society FSB now owns 91,896 shares of the bank’s stock valued at $1,540,000 after buying an additional 2,737 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

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 dated Friday, September 5th. The stock was sold at an average price of $18.00, for a total transaction of $739,800.00. Following the completion of the transaction, the executive vice president directly owned 299,361 shares of the company’s stock, valued at $5,388,498. This represents a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.89% of the stock is owned by corporate insiders.

Huntington Bancshares Stock Up 0.8%

Shares of Huntington Bancshares stock opened at $15.50 on Friday. Huntington Bancshares Incorporated has a 1 year low of $11.91 and a 1 year high of $18.44. The business has a 50-day moving average of $17.08 and a two-hundred day moving average of $16.09. The company has a market capitalization of $22.61 billion, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 0.72 and a beta of 0.96. 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 quarterly earnings data on Wednesday, June 11th. The bank reported $0.28 earnings per share for the quarter. The company had revenue of $469.00 million during the quarter. Huntington Bancshares had a return on equity of 11.81% and a net margin of 17.36%. As a group, equities analysts predict that Huntington Bancshares Incorporated will post 1.39 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Truist Financial raised their target price on Huntington Bancshares from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday, September 12th. Wall Street Zen upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, October 11th. JPMorgan Chase & Co. increased their target price on Huntington Bancshares from $18.00 to $18.50 and gave the stock an “overweight” rating in a report on Friday, October 10th. Jefferies Financial Group increased their target price on Huntington Bancshares from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Finally, Wolfe Research upgraded 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. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $19.37.

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.