Banque Cantonale Vaudoise decreased its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN – Free Report) by 28.5% in the third quarter, Holdings Channel reports. The fund owned 61,323 shares of the bank’s stock after selling 24,500 shares during the period. Banque Cantonale Vaudoise’s holdings in Huntington Bancshares were worth $637,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of HBAN. Tyler Stone Wealth Management purchased a new stake in shares of Huntington Bancshares in the 2nd quarter valued at approximately $25,000. Clear Street Markets LLC increased its stake in Huntington Bancshares by 81.6% during the first quarter. Clear Street Markets LLC now owns 2,831 shares of the bank’s stock worth $32,000 after acquiring an additional 1,272 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in Huntington Bancshares in the first quarter valued at $35,000. Coppell Advisory Solutions Corp. acquired a new position in shares of Huntington Bancshares in the 4th quarter valued at $46,000. Finally, Authentikos Wealth Advisory LLC purchased a new position in shares of Huntington Bancshares during the 3rd quarter worth $35,000. 78.68% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Huntington Bancshares
In related news, insider Helga Houston sold 28,700 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $13.17, for a total value of $377,979.00. Following the transaction, the insider now directly owns 568,222 shares of the company’s stock, valued at approximately $7,483,483.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.89% of the stock is owned by insiders.
Huntington Bancshares Stock Down 0.2 %
Huntington Bancshares (NASDAQ:HBAN – Get Free Report) last issued its quarterly earnings results on Friday, January 19th. The bank reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.15. The company had revenue of $2.76 billion for the quarter, compared to analyst estimates of $1.75 billion. Huntington Bancshares had a return on equity of 12.96% and a net margin of 18.00%. During the same quarter in the prior year, the company posted $0.43 EPS. Equities analysts expect that Huntington Bancshares Incorporated will post 1.22 earnings per share for the current fiscal year.
Huntington Bancshares Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 18th will be issued a dividend of $0.155 per share. The ex-dividend date is Friday, March 15th. This represents a $0.62 annualized dividend and a dividend yield of 5.01%. Huntington Bancshares’s payout ratio is currently 50.00%.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on HBAN shares. Jefferies Financial Group cut their price objective on Huntington Bancshares from $11.00 to $10.00 in a report on Tuesday, October 10th. Wolfe Research raised shares of Huntington Bancshares from an “underperform” rating to a “peer perform” rating in a research note on Monday, October 23rd. Bank of America cut their target price on shares of Huntington Bancshares from $13.00 to $11.00 in a research note on Tuesday, October 10th. Citigroup increased their target price on shares of Huntington Bancshares from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Finally, Barclays upgraded shares of Huntington Bancshares from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $12.00 to $15.00 in a research note on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Huntington Bancshares has a consensus rating of “Hold” and an average target price of $13.20.
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).
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