Huntington Bancshares Incorporated (NASDAQ:HBAN) Position Increased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 5.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 844,466 shares of the bank's stock after buying an additional 44,662 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.06% of Huntington Bancshares worth $12,414,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Janus Henderson Group PLC lifted its holdings in Huntington Bancshares by 12.7% in the 1st quarter. Janus Henderson Group PLC now owns 244,633 shares of the bank's stock valued at $3,411,000 after purchasing an additional 27,519 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of Huntington Bancshares by 5.3% during the first quarter. Tidal Investments LLC now owns 75,933 shares of the bank's stock valued at $1,059,000 after buying an additional 3,855 shares during the period. Comerica Bank boosted its position in Huntington Bancshares by 5.6% during the first quarter. Comerica Bank now owns 513,161 shares of the bank's stock worth $7,159,000 after acquiring an additional 27,062 shares during the last quarter. Swedbank AB purchased a new stake in Huntington Bancshares in the 1st quarter worth approximately $5,514,000. Finally, Cetera Investment Advisers raised its holdings in Huntington Bancshares by 221.8% in the 1st quarter. Cetera Investment Advisers now owns 756,408 shares of the bank's stock valued at $10,552,000 after acquiring an additional 521,372 shares during the last quarter. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Huntington Bancshares Stock Performance

Shares of NASDAQ HBAN traded up $0.01 during midday trading on Friday, hitting $18.01. The company's stock had a trading volume of 6,349,220 shares, compared to its average volume of 14,999,810. The firm has a market cap of $26.17 billion, a P/E ratio of 17.32, a P/E/G ratio of 3.59 and a beta of 1.03. Huntington Bancshares Incorporated has a 1-year low of $11.10 and a 1-year high of $18.44. The firm's fifty day moving average price is $16.05 and its 200-day moving average price is $14.61. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 EPS 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 the consensus estimate of $1.86 billion. Huntington Bancshares had a return on equity of 10.72% and a net margin of 14.19%. During the same period in the prior year, the business earned $0.36 EPS. On average, sell-side analysts forecast that Huntington Bancshares Incorporated will post 1.21 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares's payout ratio is currently 59.62%.

Insider Activity at Huntington Bancshares

In related news, insider Helga Houston sold 6,455 shares of the firm's stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total transaction of $99,600.65. Following the completion of the sale, the insider now directly owns 558,342 shares in the company, valued at approximately $8,615,217.06. This trade represents a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Scott D. Kleinman sold 28,600 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $17.67, for a total value of $505,362.00. Following the completion of the transaction, the vice president now owns 496,076 shares of the company's stock, valued at $8,765,662.92. This trade represents a 5.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 43,699 shares of company stock worth $757,356 in the last 90 days. Corporate insiders own 0.89% of the company's stock.

Wall Street Analyst Weigh In

HBAN has been the subject of a number of research analyst reports. StockNews.com raised shares of Huntington Bancshares from a "sell" rating to a "hold" rating in a research note on Friday, October 18th. DA Davidson increased their price target on shares of Huntington Bancshares from $16.50 to $17.50 and gave the stock a "buy" rating in a research note on Monday, October 21st. Citigroup boosted their price objective on shares of Huntington Bancshares from $18.00 to $21.00 and gave the company a "buy" rating in a research note on Tuesday, November 19th. Royal Bank of Canada restated an "outperform" rating and set a $17.00 price objective on shares of Huntington Bancshares in a report on Friday, October 18th. Finally, The Goldman Sachs Group lifted their target price on Huntington Bancshares from $16.25 to $20.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Huntington Bancshares currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.62.

Huntington Bancshares Company 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.