Zurcher Kantonalbank Zurich Cantonalbank Acquires 851,751 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 352.8% during the 4th quarter, HoldingsChannel.com reports. 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’s holdings in Huntington Bancshares were worth $13,905,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the business. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Huntington Bancshares by 1.6% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 53,992 shares of the bank’s stock worth $712,000 after purchasing an additional 830 shares in the last quarter. Guardian Wealth Management Inc. grew its holdings in shares of Huntington Bancshares by 3.5% during the 1st quarter. Guardian Wealth Management Inc. now owns 24,852 shares of the bank’s stock worth $363,000 after purchasing an additional 835 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Huntington Bancshares by 12.0% during the 4th quarter. Blue Trust Inc. now owns 8,460 shares of the bank’s stock worth $108,000 after purchasing an additional 904 shares in the last quarter. Baker Avenue Asset Management LP grew its holdings in shares of Huntington Bancshares by 31.8% during the 3rd quarter. Baker Avenue Asset Management LP now owns 3,992 shares of the bank’s stock worth $42,000 after purchasing an additional 963 shares in the last quarter. Finally, First Manhattan Co. grew its holdings in shares of Huntington Bancshares by 0.4% during the 4th quarter. First Manhattan Co. now owns 262,161 shares of the bank’s stock worth $3,696,000 after purchasing an additional 974 shares in the last quarter. 80.72% of the stock is owned by institutional investors.

Huntington Bancshares Trading Up 0.2 %

NASDAQ HBAN opened at $13.18 on Friday. The firm has a market cap of $19.11 billion, a P/E ratio of 10.63, a P/E/G ratio of 2.44 and a beta of 1.11. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.87 and a quick ratio of 0.87. The stock’s 50-day moving average is $13.25 and its 200-day moving average is $12.11. Huntington Bancshares Incorporated has a one year low of $9.13 and a one year high of $14.07.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings results on Friday, January 19th. The bank reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.15. The company had revenue of $2.76 billion for 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 last year, the firm posted $0.43 earnings per share. Sell-side analysts anticipate that Huntington Bancshares Incorporated will post 1.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on HBAN shares. Stephens reissued an “equal weight” rating and set a $15.00 price objective on shares of Huntington Bancshares in a report on Monday, April 1st. DA Davidson raised Huntington Bancshares from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $14.00 to $15.50 in a report on Tuesday, February 27th. JPMorgan Chase & Co. boosted their price target on Huntington Bancshares from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. UBS Group raised Huntington Bancshares from a “neutral” rating to a “buy” rating and boosted their price target for the company from $14.00 to $15.00 in a research note on Wednesday, February 14th. Finally, Barclays raised Huntington Bancshares from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $12.00 to $15.00 in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.97.

Insider Buying and Selling

In related news, VP Julie C. Tutkovics sold 15,541 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $12.68, for a total transaction of $197,059.88. Following the completion of the transaction, the vice president now directly owns 303,455 shares in the company, valued at $3,847,809.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Helga Houston sold 28,700 shares of the stock in a transaction dated 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 directly owns 568,222 shares in the company, valued at $7,483,483.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Julie C. Tutkovics sold 15,541 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $12.68, for a total value of $197,059.88. Following the completion of the transaction, the vice president now owns 303,455 shares of the company’s stock, valued at $3,847,809.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 102,241 shares of company stock worth $1,360,359. 0.89% of the stock is owned by corporate 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.