Huntington Bancshares Incorporated (NASDAQ:HBAN) Holdings Raised by National Bank of Canada FI

National Bank of Canada FI grew its position in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 220.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,666,949 shares of the bank's stock after acquiring an additional 2,524,077 shares during the quarter. National Bank of Canada FI owned approximately 0.25% of Huntington Bancshares worth $59,661,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in HBAN. Arvest Bank Trust Division bought a new stake in Huntington Bancshares during the third quarter valued at $2,381,000. Pictet Asset Management Holding SA grew its position in shares of Huntington Bancshares by 17.9% during the 4th quarter. Pictet Asset Management Holding SA now owns 850,139 shares of the bank's stock valued at $13,832,000 after buying an additional 129,106 shares during the last quarter. Mediolanum International Funds Ltd acquired a new stake in Huntington Bancshares during the fourth quarter worth about $422,000. Donoghue Forlines LLC bought a new position in Huntington Bancshares in the fourth quarter worth about $1,460,000. Finally, Franklin Resources Inc. boosted its stake in Huntington Bancshares by 3.2% in the third quarter. Franklin Resources Inc. now owns 1,797,771 shares of the bank's stock valued at $27,901,000 after acquiring an additional 55,602 shares during the period. 80.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HBAN. Stephens reissued an "equal weight" rating and issued a $18.50 price target on shares of Huntington Bancshares in a report on Friday, February 7th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $20.00 target price on shares of Huntington Bancshares in a research report on Tuesday, January 21st. Baird R W raised shares of Huntington Bancshares from a "hold" rating to a "strong-buy" rating in a report on Friday, March 7th. StockNews.com raised shares of Huntington Bancshares from a "sell" rating to a "hold" rating in a report on Thursday, December 12th. Finally, Barclays boosted their target price on shares of Huntington Bancshares from $17.00 to $19.00 and gave the company an "equal weight" rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $17.94.

Huntington Bancshares Price Performance

Huntington Bancshares stock traded down $0.86 during midday trading on Friday, hitting $12.60. The company's stock had a trading volume of 28,687,049 shares, compared to its average volume of 17,069,008. Huntington Bancshares Incorporated has a 12 month low of $12.05 and a 12 month high of $18.45. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $18.41 billion, a PE ratio of 10.24, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89. The stock's 50-day moving average price is $15.79 and its 200-day moving average price is $16.14.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last released its earnings results on Friday, January 17th. The bank reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.03. Huntington Bancshares had a net margin of 16.23% and a return on equity of 11.23%. During the same period in the prior year, the company posted $0.27 EPS. Analysts anticipate that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 18th were issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date was Tuesday, March 18th. Huntington Bancshares's payout ratio is 50.41%.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, VP Scott D. Kleinman sold 69,088 shares of the business's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $14.67, for a total transaction of $1,013,520.96. Following the sale, the vice president now directly owns 453,129 shares of the company's stock, valued at $6,647,402.43. The trade was a 13.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Zachary Jacob Wasserman sold 38,451 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $14.38, for a total value of $552,925.38. Following the completion of the sale, the chief financial officer now directly owns 335,538 shares of the company's stock, valued at approximately $4,825,036.44. This trade represents a 10.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 111,781 shares of company stock valued at $1,631,151 over the last three months. Company insiders own 0.89% 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.