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

Banque Cantonale Vaudoise lifted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 140.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 230,382 shares of the bank’s stock after acquiring an additional 134,389 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Huntington Bancshares were worth $3,387,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Asset Dedication LLC lifted its position in shares of Huntington Bancshares by 200.7% in the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock valued at $26,000 after acquiring an additional 1,202 shares in the last quarter. Peoples Bank KS purchased a new stake in shares of Huntington Bancshares in the third quarter valued at $29,000. Future Financial Wealth Managment LLC purchased a new position in shares of Huntington Bancshares during the third quarter valued at $31,000. Fortitude Family Office LLC acquired a new position in Huntington Bancshares during the third quarter valued at $32,000. Finally, Hazlett Burt & Watson Inc. lifted its stake in Huntington Bancshares by 695.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock worth $30,000 after acquiring an additional 2,003 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $17.54 on Wednesday. The firm has a market capitalization of $25.48 billion, a PE ratio of 16.87, a PEG ratio of 3.53 and a beta of 1.03. 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 Incorporated has a 1 year low of $10.73 and a 1 year high of $17.97. The firm’s fifty day simple moving average is $15.51 and its 200 day simple moving average is $14.39.

Huntington Bancshares (NASDAQ:HBAN) last announced its earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, beating 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 firm had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the prior year, the company earned $0.36 EPS. On average, sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.21 EPS for the current year.

Huntington Bancshares Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 target price on shares of Huntington Bancshares in a research note on Friday, October 18th. StockNews.com upgraded shares of Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Morgan Stanley lifted their target price on shares of Huntington Bancshares from $16.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Evercore ISI increased their price objective on Huntington Bancshares from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Barclays lifted their price objective on Huntington Bancshares from $15.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.26.

Insider Activity at Huntington Bancshares

In other news, VP Scott D. Kleinman sold 28,600 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total transaction of $505,362.00. Following the completion of the transaction, the vice president now directly owns 496,076 shares of the company’s stock, valued at approximately $8,765,662.92. This trade represents a 5.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Helga Houston sold 6,455 shares of Huntington Bancshares stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total transaction of $99,600.65. Following the sale, the insider now owns 558,342 shares in the company, valued at approximately $8,615,217.06. This trade represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,699 shares of company stock worth $757,356. Company insiders own 0.92% of the company’s stock.

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.