Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Bought by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise lifted its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 140.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 230,382 shares of the bank’s stock after purchasing an additional 134,389 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Huntington Bancshares were worth $3,387,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Lazard Asset Management LLC raised its position in shares of Huntington Bancshares by 251,152.2% in the 1st quarter. Lazard Asset Management LLC now owns 173,364 shares of the bank’s stock worth $2,417,000 after buying an additional 173,295 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in shares of Huntington Bancshares by 53.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 1,617,730 shares of the bank’s stock valued at $22,577,000 after purchasing an additional 564,729 shares in the last quarter. Heritage Wealth Management Inc. purchased a new stake in shares of Huntington Bancshares during the 2nd quarter worth about $744,000. Robeco Institutional Asset Management B.V. increased its position in Huntington Bancshares by 40.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 192,984 shares of the bank’s stock worth $2,837,000 after purchasing an additional 55,865 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in Huntington Bancshares by 531.0% in the second quarter. SG Americas Securities LLC now owns 1,150,690 shares of the bank’s stock valued at $15,166,000 after buying an additional 968,331 shares during the period. Institutional investors and hedge funds own 80.72% of the company’s stock.

Insider Transactions at Huntington Bancshares

In other news, VP Scott D. Kleinman sold 28,600 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $17.67, for a total value of $505,362.00. Following the sale, the vice president now owns 496,076 shares of the company’s stock, valued at approximately $8,765,662.92. The trade was a 5.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Helga Houston sold 6,455 shares of the company’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total value of $99,600.65. Following the completion of the sale, the insider now owns 558,342 shares of the company’s stock, valued at approximately $8,615,217.06. This trade represents a 1.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 43,699 shares of company stock valued at $757,356. Company insiders own 0.92% of the company’s stock.

Huntington Bancshares Stock Performance

Shares of NASDAQ HBAN opened at $17.54 on Wednesday. Huntington Bancshares Incorporated has a 12-month low of $10.73 and a 12-month high of $17.97. The company has a market cap of $25.48 billion, a PE ratio of 16.87, a P/E/G ratio of 3.53 and a beta of 1.03. The stock has a 50 day simple moving average of $15.51 and a 200-day simple moving average of $14.39. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter in the prior year, the business posted $0.36 earnings per share. On average, equities research analysts forecast that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 18th will be given a dividend of $0.155 per share. The ex-dividend date is Wednesday, December 18th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.53%. Huntington Bancshares’s dividend payout ratio (DPR) is 59.62%.

Wall Street Analyst Weigh In

Several research firms have issued reports on HBAN. DA Davidson boosted their price objective on shares of Huntington Bancshares from $16.50 to $17.50 and gave the stock a “buy” rating in a research note on Monday, October 21st. Piper Sandler boosted their price target on Huntington Bancshares from $14.00 to $15.00 and gave the stock an “underweight” rating in a research report on Friday, October 18th. Robert W. Baird downgraded shares of Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 target price for the company. in a research note on Friday, July 26th. Baird R W lowered shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, Barclays upped their price objective on Huntington Bancshares from $15.00 to $17.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.26.

Huntington Bancshares Company 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.