Banque Cantonale Vaudoise Has $3.39 Million Stock Holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Banque Cantonale Vaudoise lifted its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 140.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 230,382 shares of the bank's stock after buying an additional 134,389 shares during the period. Banque Cantonale Vaudoise's holdings in Huntington Bancshares were worth $3,387,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Boston Partners grew its position in shares of Huntington Bancshares by 20.4% during the first quarter. Boston Partners now owns 56,175,987 shares of the bank's stock worth $783,215,000 after acquiring an additional 9,533,511 shares during the last quarter. Victory Capital Management Inc. grew its position in Huntington Bancshares by 13.2% during the 3rd quarter. Victory Capital Management Inc. now owns 20,318,486 shares of the bank's stock worth $298,682,000 after purchasing an additional 2,363,988 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Huntington Bancshares by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 15,810,239 shares of the bank's stock valued at $208,346,000 after purchasing an additional 561,565 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Huntington Bancshares by 9.5% in the second quarter. Hsbc Holdings PLC now owns 6,519,505 shares of the bank's stock valued at $85,940,000 after buying an additional 566,015 shares during the last quarter. Finally, abrdn plc boosted its stake in shares of Huntington Bancshares by 3.9% during the third quarter. abrdn plc now owns 3,660,616 shares of the bank's stock worth $53,976,000 after buying an additional 137,032 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 8,644 shares of Huntington Bancshares stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.63, for a total value of $152,393.72. Following the completion of the transaction, the chief financial officer now owns 259,943 shares of the company's stock, valued at $4,582,795.09. The trade was a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Scott D. Kleinman sold 28,600 shares of the stock in a transaction that occurred 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 in the company, valued at $8,765,662.92. The trade was a 5.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 43,699 shares of company stock worth $757,356 in the last quarter. 0.92% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HBAN. Piper Sandler boosted their price target on Huntington Bancshares from $14.00 to $15.00 and gave the company an "underweight" rating in a research report on Friday, October 18th. Citigroup upped their price target on Huntington Bancshares from $18.00 to $21.00 and gave the stock a "buy" rating in a research note on Tuesday. Sandler O'Neill reiterated a "buy" rating on shares of Huntington Bancshares in a research report on Friday, October 18th. DA Davidson upped their price objective on shares of Huntington Bancshares from $16.50 to $17.50 and gave the stock a "buy" rating in a research report on Monday, October 21st. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $17.00 target price on shares of Huntington Bancshares in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Huntington Bancshares currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.26.

Huntington Bancshares Stock Down 0.4 %

NASDAQ:HBAN traded down $0.07 during mid-day trading on Wednesday, hitting $17.47. The company had a trading volume of 10,412,622 shares, compared to its average volume of 16,048,186. Huntington Bancshares Incorporated has a 1 year low of $10.73 and a 1 year high of $17.97. The business has a fifty day simple moving average of $15.58 and a 200-day simple moving average of $14.41. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $25.38 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 3.53 and a beta of 1.03.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its quarterly earnings results on Thursday, October 17th. The bank reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.03. The firm had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.86 billion. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. During the same quarter in the prior year, the business earned $0.36 EPS. Equities analysts forecast that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 3.55%. The ex-dividend date is Wednesday, December 18th. Huntington Bancshares's dividend payout ratio (DPR) is 59.62%.

Huntington Bancshares 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.