Banque Cantonale Vaudoise Sells 54,539 Shares of Huntington Bancshares Incorporated $HBAN

Banque Cantonale Vaudoise trimmed its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 59.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,971 shares of the bank’s stock after selling 54,539 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Huntington Bancshares were worth $655,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HBAN. MTM Investment Management LLC bought a new stake in Huntington Bancshares in the 2nd quarter worth approximately $25,000. Accredited Wealth Management LLC increased its position in Huntington Bancshares by 374.5% in the third quarter. Accredited Wealth Management LLC now owns 1,675 shares of the bank’s stock worth $29,000 after purchasing an additional 1,322 shares during the last quarter. Grey Fox Wealth Advisors LLC bought a new position in Huntington Bancshares during the third quarter valued at $31,000. AlphaCore Capital LLC bought a new stake in shares of Huntington Bancshares in the 3rd quarter worth about $33,000. Finally, First Horizon Corp purchased a new stake in shares of Huntington Bancshares during the 3rd quarter valued at about $36,000. 80.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on HBAN shares. Argus boosted their price objective on Huntington Bancshares from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. UBS Group set a $21.00 price target on Huntington Bancshares in a report on Wednesday, February 4th. Barclays boosted their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Monday, January 5th. Royal Bank Of Canada reiterated an “outperform” rating and set a $21.00 price target on shares of Huntington Bancshares in a report on Monday, January 12th. Finally, Stephens raised their price objective on shares of Huntington Bancshares from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $20.78.

Huntington Bancshares Stock Down 1.0%

Huntington Bancshares stock opened at $15.48 on Friday. The stock has a market cap of $31.42 billion, a PE ratio of 11.14, a P/E/G ratio of 0.63 and a beta of 0.95. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.93 and a quick ratio of 0.92. The stock’s fifty day moving average is $17.57 and its two-hundred day moving average is $17.05. Huntington Bancshares Incorporated has a 1-year low of $11.91 and a 1-year high of $19.45.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, January 22nd. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.03). Huntington Bancshares had a return on equity of 11.98% and a net margin of 17.71%.The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $2.21 billion. During the same period in the prior year, the company posted $0.34 earnings per share. On average, sell-side analysts expect that Huntington Bancshares Incorporated will post 1.39 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 4.0%. The ex-dividend date is Wednesday, March 18th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 44.60%.

Insider Activity

In related news, VP Brantley J. Standridge sold 5,830 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $19.14, for a total value of $111,586.20. Following the completion of the sale, the vice president owned 327,676 shares in the company, valued at $6,271,718.64. This represents a 1.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Amit Dhingra sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $18.50, for a total transaction of $185,000.00. Following the completion of the sale, the insider directly owned 155,634 shares of the company’s stock, valued at $2,879,229. The trade was a 6.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders acquired 27,700 shares of company stock worth $540,401 and sold 33,285 shares worth $627,009. 0.89% of the stock is owned by insiders.

Huntington Bancshares Company Profile

Huntington Bancshares Incorporated (NASDAQ: HBAN) is a bank holding company headquartered in Columbus, Ohio, that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s operations are centered on retail and commercial banking, and it serves individual consumers, small and middle-market businesses, and institutional customers.

Huntington’s product offerings include traditional deposit and lending products, consumer and commercial loans, mortgage origination and servicing, auto financing, and business banking solutions.