Johnson Investment Counsel Inc. Purchases 39,497 Shares of Huntington Bancshares Incorporated $HBAN

Johnson Investment Counsel Inc. increased its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 34.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,365 shares of the bank's stock after purchasing an additional 39,497 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in Huntington Bancshares were worth $2,587,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HBAN. Family Legacy Financial Solutions LLC bought a new stake in shares of Huntington Bancshares during the second quarter valued at approximately $25,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Huntington Bancshares during the first quarter valued at approximately $29,000. Quarry LP grew its stake in shares of Huntington Bancshares by 73.0% during the first quarter. Quarry LP now owns 1,929 shares of the bank's stock valued at $29,000 after purchasing an additional 814 shares during the last quarter. LFA Lugano Financial Advisors SA bought a new stake in shares of Huntington Bancshares during the first quarter valued at approximately $31,000. Finally, Golden State Wealth Management LLC grew its stake in shares of Huntington Bancshares by 516.3% during the first 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 during the last quarter. 80.72% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Huntington Bancshares news, EVP Marcy C. Hingst sold 41,100 shares of the 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 sale, the executive vice president directly owned 299,361 shares in the company, valued at approximately $5,388,498. This trade represents a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.89% of the company's stock.

Huntington Bancshares Trading Up 1.9%

HBAN opened at $15.90 on Tuesday. The firm's fifty day moving average is $17.10 and its two-hundred day moving average is $16.08. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $23.19 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 0.74 and a beta of 0.96. Huntington Bancshares Incorporated has a twelve month low of $11.91 and a twelve month high of $18.44.

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

Huntington Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 17th were issued a $0.155 dividend. The ex-dividend date was Wednesday, September 17th. This represents a $0.62 annualized dividend and a yield of 3.9%. Huntington Bancshares's dividend payout ratio (DPR) is 45.93%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Huntington Bancshares from a "sell" rating to a "hold" rating in a report on Saturday. Jefferies Financial Group increased their price objective on shares of Huntington Bancshares from $21.00 to $22.00 and gave the company a "buy" rating in a report on Wednesday, September 24th. Morgan Stanley increased their price objective on shares of Huntington Bancshares from $19.00 to $23.00 and gave the company an "overweight" rating in a report on Monday, September 29th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a "buy" rating in a report on Tuesday, September 30th. Finally, Truist Financial increased their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company a "buy" rating in a report on Friday, September 12th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Huntington Bancshares presently has an average rating of "Moderate Buy" and an average price target of $19.37.

Huntington Bancshares Profile

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.

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