Zurcher Kantonalbank Zurich Cantonalbank Sells 141,669 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Zurcher Kantonalbank Zurich Cantonalbank lowered its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 16.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 702,797 shares of the bank's stock after selling 141,669 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Huntington Bancshares were worth $11,435,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in HBAN. Creative Capital Management Investments LLC grew its stake in shares of Huntington Bancshares by 17,533.3% in the 4th quarter. Creative Capital Management Investments LLC now owns 1,587 shares of the bank's stock worth $26,000 after purchasing an additional 1,578 shares during the last quarter. Y.D. More Investments Ltd grew its stake in shares of Huntington Bancshares by 126.8% in the 4th quarter. Y.D. More Investments Ltd now owns 1,830 shares of the bank's stock worth $30,000 after purchasing an additional 1,023 shares during the last quarter. Midwest Capital Advisors LLC acquired a new position in shares of Huntington Bancshares in the 4th quarter worth approximately $37,000. Asset Dedication LLC grew its stake in shares of Huntington Bancshares by 70.0% in the 4th quarter. Asset Dedication LLC now owns 3,061 shares of the bank's stock worth $50,000 after purchasing an additional 1,260 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of Huntington Bancshares by 27.2% in the 4th quarter. Venturi Wealth Management LLC now owns 3,279 shares of the bank's stock worth $53,000 after purchasing an additional 702 shares during the last quarter. Institutional investors and hedge funds own 80.72% of the company's stock.

Remove Ads

Huntington Bancshares Stock Up 3.3 %

NASDAQ HBAN traded up $0.47 during trading on Friday, reaching $14.75. The company's stock had a trading volume of 27,472,818 shares, compared to its average volume of 15,880,234. The business has a 50-day moving average price of $16.37 and a 200-day moving average price of $16.12. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92. Huntington Bancshares Incorporated has a 1-year low of $12.05 and a 1-year high of $18.45. The stock has a market capitalization of $21.55 billion, a PE ratio of 11.99, a PEG ratio of 1.33 and a beta of 1.07.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last issued its quarterly earnings data on Friday, January 17th. The bank reported $0.34 earnings per share 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 previous year, the business earned $0.27 earnings per share. On average, research analysts forecast that Huntington Bancshares Incorporated will post 1.39 earnings per share for the current fiscal year.

Huntington Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 18th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend is Tuesday, March 18th. Huntington Bancshares's payout ratio is 50.41%.

Analyst Upgrades and Downgrades

HBAN has been the topic of several analyst reports. Morgan Stanley dropped their target price on shares of Huntington Bancshares from $22.00 to $20.00 and set an "overweight" rating on the stock in a research report on Thursday. The Goldman Sachs Group lifted their target price on shares of Huntington Bancshares from $16.25 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Royal Bank of Canada reissued an "outperform" rating and issued a $20.00 target price on shares of Huntington Bancshares in a research report on Tuesday, January 21st. StockNews.com raised shares of Huntington Bancshares from a "sell" rating to a "hold" rating in a research report on Thursday, December 12th. Finally, Citigroup lifted their target price on shares of Huntington Bancshares from $18.00 to $21.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.35.

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.