Banque Cantonale Vaudoise Sells 24,500 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Banque Cantonale Vaudoise lowered its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBANFree Report) by 28.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,323 shares of the bank’s stock after selling 24,500 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Huntington Bancshares were worth $637,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. American Century Companies Inc. grew its holdings in Huntington Bancshares by 11.8% during the first quarter. American Century Companies Inc. now owns 189,174 shares of the bank’s stock worth $2,765,000 after purchasing an additional 19,959 shares during the period. D.A. Davidson & CO. bought a new position in Huntington Bancshares during the first quarter worth $315,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Huntington Bancshares by 309.4% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 10,001 shares of the bank’s stock valued at $146,000 after purchasing an additional 7,558 shares during the last quarter. Panagora Asset Management Inc. raised its position in shares of Huntington Bancshares by 40.9% in the first quarter. Panagora Asset Management Inc. now owns 104,361 shares of the bank’s stock valued at $1,526,000 after purchasing an additional 30,296 shares during the period. Finally, Aviva PLC lifted its stake in shares of Huntington Bancshares by 58.2% during the 1st quarter. Aviva PLC now owns 798,754 shares of the bank’s stock worth $11,678,000 after buying an additional 293,944 shares during the last quarter. Institutional investors own 78.68% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on HBAN shares. Raymond James upped their target price on Huntington Bancshares from $13.00 to $15.00 and gave the company a “strong-buy” rating in a research report on Tuesday, December 26th. StockNews.com cut Huntington Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Royal Bank of Canada boosted their target price on shares of Huntington Bancshares from $12.00 to $15.00 and gave the company an “outperform” rating in a research report on Monday, December 18th. Citigroup raised their price target on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, The Goldman Sachs Group boosted their price objective on shares of Huntington Bancshares from $12.50 to $14.00 and gave the company a “buy” rating in a report on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Huntington Bancshares presently has a consensus rating of “Hold” and a consensus price target of $13.20.

Check Out Our Latest Analysis on HBAN

Huntington Bancshares Price Performance

HBAN stock opened at $12.37 on Wednesday. The company has a market capitalization of $17.91 billion, a P/E ratio of 9.98 and a beta of 1.11. The company has a fifty day moving average price of $12.52 and a 200-day moving average price of $11.39. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.87 and a current ratio of 0.87. Huntington Bancshares Incorporated has a 52-week low of $9.13 and a 52-week high of $15.62.

Huntington Bancshares (NASDAQ:HBANGet Free Report) last announced its earnings results on Friday, January 19th. The bank reported $0.27 EPS for the quarter, topping the consensus estimate of $0.12 by $0.15. The firm had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $1.75 billion. Huntington Bancshares had a return on equity of 12.96% and a net margin of 18.00%. During the same period in the previous year, the business earned $0.43 EPS. As a group, equities analysts expect that Huntington Bancshares Incorporated will post 1.22 EPS for the current year.

Huntington Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 18th will be given a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend is Friday, March 15th. Huntington Bancshares’s dividend payout ratio is presently 50.00%.

Insiders Place Their Bets

In related news, insider Helga Houston sold 28,700 shares of the business’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $13.17, for a total value of $377,979.00. Following the transaction, the insider now owns 568,222 shares in the company, valued at $7,483,483.74. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares Company Profile

(Free Report)

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 operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG).

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Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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