Brighton Jones LLC Has $288,000 Holdings in Huntington Bancshares Incorporated $HBAN

Brighton Jones LLC lifted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 41.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 17,161 shares of the bank’s stock after acquiring an additional 5,069 shares during the quarter. Brighton Jones LLC’s holdings in Huntington Bancshares were worth $288,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Family Legacy Financial Solutions LLC acquired a new position in shares of Huntington Bancshares in the second quarter valued at about $25,000. Catalyst Capital Advisors LLC bought a new stake in Huntington Bancshares during the second quarter worth about $30,000. Quarry LP lifted its position in Huntington Bancshares by 73.0% during the first quarter. Quarry LP now owns 1,929 shares of the bank’s stock worth $29,000 after purchasing an additional 814 shares during the period. Wayfinding Financial LLC bought a new stake in Huntington Bancshares during the first quarter worth about $39,000. Finally, TruNorth Capital Management LLC bought a new stake in Huntington Bancshares during the first quarter worth about $40,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, September 30th. DA Davidson reaffirmed a “buy” rating and set a $21.00 price objective on shares of Huntington Bancshares in a research report on Tuesday. Citigroup upped their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Evercore ISI assumed coverage on shares of Huntington Bancshares in a research report on Tuesday, October 21st. They set an “outperform” rating and a $18.00 price objective for the company. Finally, Truist Financial upped their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.82.

Insider Transactions at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 41,100 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 299,361 shares in the company, valued at $5,388,498. This trade represents a 12.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.89% of the stock is currently owned by company insiders.

Huntington Bancshares Trading Up 0.8%

HBAN opened at $15.44 on Friday. The company’s 50 day moving average is $16.88 and its 200-day moving average is $16.28. The company has a market cap of $22.52 billion, a P/E ratio of 10.80, a PEG ratio of 0.66 and a beta of 0.96. Huntington Bancshares Incorporated has a 1-year low of $11.91 and a 1-year high of $18.44. 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 data on Wednesday, June 11th. The bank reported $0.28 earnings per share (EPS) for the quarter. The business had revenue of $469.00 million during the quarter. Huntington Bancshares had a net margin of 18.06% and a return on equity of 12.14%. Equities research analysts predict that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Thursday, December 18th will be issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Thursday, December 18th. Huntington Bancshares’s dividend payout ratio (DPR) is 43.36%.

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.