Huntington Bancshares Incorporated (NASDAQ:HBAN) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN - Free Report) by 352.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,093,173 shares of the bank's stock after purchasing an additional 851,751 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.08% of Huntington Bancshares worth $13,905,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HBAN. Tyler Stone Wealth Management bought a new stake in shares of Huntington Bancshares in the 2nd quarter valued at about $25,000. Clear Street Markets LLC grew its holdings in Huntington Bancshares by 81.6% in the first quarter. Clear Street Markets LLC now owns 2,831 shares of the bank's stock worth $32,000 after purchasing an additional 1,272 shares during the last quarter. Planned Solutions Inc. acquired a new position in shares of Huntington Bancshares during the fourth quarter worth $33,000. Authentikos Wealth Advisory LLC purchased a new stake in shares of Huntington Bancshares during the 3rd quarter valued at $35,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Huntington Bancshares in the 1st quarter worth $35,000. 80.72% of the stock is owned by hedge funds and other institutional investors.

Huntington Bancshares Stock Performance

HBAN stock traded up $0.10 during midday trading on Friday, hitting $13.28. 39,979,449 shares of the stock traded hands, compared to its average volume of 17,831,621. The stock's fifty day simple moving average is $13.25 and its 200-day simple moving average is $12.11. The firm has a market cap of $19.26 billion, a P/E ratio of 10.77, a PEG ratio of 2.44 and a beta of 1.11. Huntington Bancshares Incorporated has a 1-year low of $9.13 and a 1-year high of $14.07. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.87 and a quick ratio of 0.87.

Huntington Bancshares (NASDAQ:HBAN - Get Free Report) last announced its quarterly earnings results on Friday, January 19th. The bank reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.15. The firm had revenue of $2.76 billion during 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 previous year, the business earned $0.43 EPS. On average, analysts expect that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Monday, June 17th will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 4.67%. Huntington Bancshares's dividend payout ratio is currently 50.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on HBAN shares. StockNews.com cut Huntington Bancshares from a "hold" rating to a "sell" rating in a research note on Friday, December 29th. Raymond James boosted their price objective on shares of Huntington Bancshares from $13.00 to $15.00 and gave the company a "strong-buy" rating in a report on Tuesday, December 26th. Citigroup raised their target price on Huntington Bancshares from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Thursday, January 25th. Keefe, Bruyette & Woods boosted their price target on Huntington Bancshares from $14.00 to $15.00 and gave the company a "market perform" rating in a research note on Friday, April 5th. Finally, Bank of America upgraded Huntington Bancshares from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $14.00 to $16.00 in a research note on Monday, April 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.97.

Insider Activity at Huntington Bancshares

In other Huntington Bancshares news, insider Helga Houston sold 28,700 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $13.17, for a total transaction of $377,979.00. Following the completion of the transaction, the insider now owns 568,222 shares of the company's stock, valued at $7,483,483.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Julie C. Tutkovics sold 15,541 shares of the business's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total transaction of $197,059.88. Following the transaction, the vice president now directly owns 303,455 shares in the company, valued at approximately $3,847,809.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Helga Houston sold 28,700 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $13.17, for a total value of $377,979.00. Following the completion of the sale, the insider now directly owns 568,222 shares of the company's stock, valued at approximately $7,483,483.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,241 shares of company stock valued at $1,360,359. 0.89% of the stock is owned by corporate insiders.

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.