Zurcher Kantonalbank Zurich Cantonalbank Has $10.54 Million Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 20.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 799,804 shares of the bank’s stock after acquiring an additional 133,550 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of Huntington Bancshares worth $10,541,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of HBAN. Future Financial Wealth Managment LLC bought a new position in shares of Huntington Bancshares in the first quarter worth $29,000. YHB Investment Advisors Inc. bought a new position in Huntington Bancshares in the 1st quarter valued at about $30,000. Nemes Rush Group LLC raised its position in shares of Huntington Bancshares by 140.9% in the 4th quarter. Nemes Rush Group LLC now owns 2,378 shares of the bank’s stock valued at $30,000 after buying an additional 1,391 shares in the last quarter. Register Financial Advisors LLC bought a new stake in shares of Huntington Bancshares during the 1st quarter worth approximately $40,000. Finally, ORG Partners LLC boosted its position in shares of Huntington Bancshares by 354.9% during the 2nd quarter. ORG Partners LLC now owns 3,325 shares of the bank’s stock worth $44,000 after acquiring an additional 2,594 shares in the last quarter. 80.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. UBS Group cut their target price on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, June 13th. StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, August 24th. Jefferies Financial Group decreased their target price on Huntington Bancshares from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Baird R W cut shares of Huntington Bancshares from a “strong-buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, Robert W. Baird lowered shares of Huntington Bancshares from an “outperform” rating to a “neutral” rating and set a $15.00 price target on the stock. in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.59.

Huntington Bancshares Trading Up 1.0 %

HBAN traded up $0.15 during midday trading on Thursday, hitting $14.79. 7,670,739 shares of the company were exchanged, compared to its average volume of 16,841,660. The firm’s 50 day moving average price is $13.86 and its 200-day moving average price is $13.54. Huntington Bancshares Incorporated has a 1-year low of $9.25 and a 1-year high of $15.24. The firm has a market capitalization of $21.43 billion, a P/E ratio of 13.32, a P/E/G ratio of 2.94 and a beta of 1.06. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.96.

Huntington Bancshares (NASDAQ:HBAN) last posted its quarterly earnings data on Friday, July 19th. The bank reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to analyst estimates of $1.81 billion. Huntington Bancshares had a return on equity of 11.34% and a net margin of 14.77%. During the same period in the previous year, the firm earned $0.35 earnings per share. As a group, equities analysts forecast that Huntington Bancshares Incorporated will post 1.19 EPS for the current fiscal year.

Huntington Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th will be given a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Tuesday, September 17th. Huntington Bancshares’s dividend payout ratio (DPR) is presently 55.86%.

Insider Transactions at Huntington Bancshares

In other Huntington Bancshares news, VP Nancy E. Maloney sold 57,537 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $15.15, for a total transaction of $871,685.55. Following the sale, the vice president now owns 69,595 shares of the company’s stock, valued at $1,054,364.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Nancy E. Maloney sold 57,537 shares of Huntington Bancshares stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $15.15, for a total value of $871,685.55. Following the completion of the transaction, the vice president now directly owns 69,595 shares of the company’s stock, valued at approximately $1,054,364.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Kendall A. Kowalski sold 5,747 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $14.98, for a total value of $86,090.06. Following the sale, the insider now owns 65,899 shares in the company, valued at approximately $987,167.02. The disclosure for this sale can be found here. Insiders sold a total of 116,622 shares of company stock worth $1,762,904 over the last three months. 0.89% of the stock is owned by company insiders.

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.