Banque Cantonale Vaudoise Purchases 45,800 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Banque Cantonale Vaudoise raised its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 114.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 85,823 shares of the bank’s stock after acquiring an additional 45,800 shares during the period. Banque Cantonale Vaudoise’s holdings in Huntington Bancshares were worth $926,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of HBAN. Arcadia Investment Management Corp MI bought a new stake in shares of Huntington Bancshares during the 1st quarter worth approximately $25,000. Clear Street Markets LLC raised its stake in shares of Huntington Bancshares by 81.6% during the 1st quarter. Clear Street Markets LLC now owns 2,831 shares of the bank’s stock worth $32,000 after purchasing an additional 1,272 shares in the last quarter. Winch Advisory Services LLC raised its stake in shares of Huntington Bancshares by 313.4% during the 1st quarter. Winch Advisory Services LLC now owns 3,117 shares of the bank’s stock worth $35,000 after purchasing an additional 2,363 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in Huntington Bancshares in the 1st quarter valued at $35,000. Finally, Quarry LP raised its stake in Huntington Bancshares by 68.8% in the 1st quarter. Quarry LP now owns 3,777 shares of the bank’s stock valued at $42,000 after acquiring an additional 1,539 shares during the period. Institutional investors own 78.68% of the company’s stock.

Huntington Bancshares Stock Performance

HBAN opened at $11.00 on Thursday. The firm has a market cap of $15.93 billion, a P/E ratio of 7.28, a price-to-earnings-growth ratio of 5.68 and a beta of 1.11. Huntington Bancshares Incorporated has a 52-week low of $9.13 and a 52-week high of $15.74. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.88 and a current ratio of 0.89. The business’s fifty day moving average is $10.22 and its 200-day moving average is $10.70.

Huntington Bancshares (NASDAQ:HBAN) last released its earnings results on Friday, October 20th. The bank reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.04. The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $1.82 billion. Huntington Bancshares had a return on equity of 14.71% and a net margin of 22.55%. During the same period in the prior year, the firm posted $0.39 EPS. Sell-side analysts expect that Huntington Bancshares Incorporated will post 1.37 EPS for the current fiscal year.

Huntington Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 18th will be paid a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 5.64%. The ex-dividend date of this dividend is Friday, December 15th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 41.06%.

Analysts Set New Price Targets

A number of research firms recently weighed in on HBAN. Raymond James dropped their price target on Huntington Bancshares from $15.00 to $13.00 and set a “strong-buy” rating on the stock in a research note on Monday, October 23rd. Barclays dropped their price target on Huntington Bancshares from $13.00 to $12.00 and set an “underweight” rating on the stock in a research note on Monday, October 23rd. The Goldman Sachs Group increased their price target on Huntington Bancshares from $12.00 to $13.50 and gave the company a “buy” rating in a research note on Tuesday, July 25th. Stephens increased their price target on Huntington Bancshares from $12.00 to $13.00 and gave the company an “equal weight” rating in a research note on Monday, July 24th. Finally, Piper Sandler decreased their price objective on Huntington Bancshares from $12.50 to $12.00 and set a “neutral” rating on the stock in a report on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Huntington Bancshares presently has an average rating of “Hold” and an average target price of $12.30.

Insider Activity at Huntington Bancshares

In related news, insider Helga Houston sold 4,300 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $10.46, for a total value of $44,978.00. Following the sale, the insider now directly owns 595,514 shares of the company’s stock, valued at $6,229,076.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.89% of the stock is currently owned by insiders.

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