Kohmann Bosshard Financial Services LLC trimmed its stake in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 27.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,272 shares of the bank’s stock after selling 27,994 shares during the quarter. Kohmann Bosshard Financial Services LLC’s holdings in Huntington Bancshares were worth $929,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of HBAN. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Huntington Bancshares by 0.4% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 246,456 shares of the bank’s stock worth $2,938,000 after acquiring an additional 871 shares during the period. Valeo Financial Advisors LLC boosted its stake in shares of Huntington Bancshares by 1.6% during the 4th quarter. Valeo Financial Advisors LLC now owns 57,891 shares of the bank’s stock worth $690,000 after acquiring an additional 885 shares during the period. Wright Investors Service Inc. boosted its stake in shares of Huntington Bancshares by 2.0% during the 4th quarter. Wright Investors Service Inc. now owns 45,723 shares of the bank’s stock worth $545,000 after acquiring an additional 894 shares during the period. Fishman Jay A Ltd. MI boosted its stake in shares of Huntington Bancshares by 8.3% during the 4th quarter. Fishman Jay A Ltd. MI now owns 13,000 shares of the bank’s stock worth $155,000 after acquiring an additional 1,000 shares during the period. Finally, Bray Capital Advisors boosted its stake in shares of Huntington Bancshares by 50.0% during the 4th quarter. Bray Capital Advisors now owns 3,000 shares of the bank’s stock worth $36,000 after acquiring an additional 1,000 shares during the period. Hedge funds and other institutional investors own 79.02% of the company’s stock.
Shares of NASDAQ HBAN opened at $13.74 on Thursday. The firm has a market capitalization of $14.27 billion, a price-to-earnings ratio of 11.45, a P/E/G ratio of 1.13 and a beta of 1.35. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.87. Huntington Bancshares Incorporated has a fifty-two week low of $11.12 and a fifty-two week high of $16.52.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 17th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.56 annualized dividend and a yield of 4.08%. Huntington Bancshares’s dividend payout ratio is presently 46.67%.
In other news, EVP Daniel J. Neumeyer sold 60,000 shares of the business’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $13.71, for a total transaction of $822,600.00. Following the completion of the transaction, the executive vice president now owns 356,615 shares of the company’s stock, valued at approximately $4,889,191.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kathleen H. Ransier sold 3,067 shares of the business’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $14.30, for a total value of $43,858.10. The disclosure for this sale can be found here. Insiders sold a total of 81,577 shares of company stock valued at $1,116,158 over the last ninety days. Insiders own 1.22% of the company’s stock.
Several research analysts have recently commented on the company. BidaskClub upgraded Huntington Bancshares from a “strong sell” rating to a “sell” rating in a research note on Saturday, January 19th. Jefferies Financial Group cut Huntington Bancshares from a “buy” rating to a “hold” rating and set a $14.00 price target for the company. in a report on Monday, January 28th. Vining Sparks reissued a “buy” rating and set a $18.00 price target on shares of Huntington Bancshares in a report on Thursday, January 24th. Finally, Zacks Investment Research cut Huntington Bancshares from a “hold” rating to a “sell” rating in a report on Monday, January 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $16.10.
WARNING: This piece was originally reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.baseballdailydigest.com/news/2019/04/25/kohmann-bosshard-financial-services-llc-lowers-position-in-huntington-bancshares-incorporated-hban.html.
Huntington Bancshares Company Profile
Huntington Bancshares Incorporated operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services. The company operates through four business segments: Consumer and Business Banking, Commercial Banking, Vehicle Finance, and Regional Banking and The Huntington Private Client Group (RBHPCG).
Featured Article: The Structure of a Futures Contract
Receive News & Ratings for Huntington Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.