5 Best Small Bank Stocks To Invest In

In this article, we will be taking a look at the 5 best small bank stocks to invest in. To read our detailed analysis of banking stocks and the sector in general, you can go directly to see the 10 Best Small Bank Stocks To Invest In.

5. Huntington Bancshares Incorporated (NASDAQ:HBAN)

Number of Hedge Fund Holders: 23

Huntington Bancshares Incorporated (NASDAQ:HBAN) is the bank holding company for The Huntington National Bank. It provides commercial, consumer, and mortgage banking services in the US.

On October 24, Terry McEvoy at Stephens placed an Equal Weight rating on Huntington Bancshares Incorporated (NASDAQ:HBAN) shares, alongside a $16 price target.

Huntington Bancshares Incorporated (NASDAQ:HBAN) performed exceptionally well in the third quarter, reporting revenues of $1.9 billion, representing an $11.8% growth. The company is well-positioned to benefit from higher interest rates because of its asset sensitivity. The bank also grew average loans by $3 billion of 2.6% quarter-on-quarter.

In total, 23 funds were long Huntington Bancshares Incorporated (NASDAQ:HBAN) in the third quarter, with a total stake value of $168 million.

Aristotle Capital Boston, LLC, an investment advisor, mentioned Huntington Bancshares Incorporated (NASDAQ:HBAN) in its third-quarter 2022 investor letter. Here’s what the firm said:

“Huntington Bancshares Incorporated (NASDAQ:HBAN), an Ohio-based bank holding company, was removed from the portfolio based on our belief that shares were fully valued and there were better opportunities to deploy capital elsewhere within the portfolio.”