Huntington Bancshares Incorporated (HBAN) Stake Lessened by Kohmann Bosshard Financial Services LLC

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.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Thursday, January 24th. The bank reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.02). The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Huntington Bancshares had a net margin of 26.43% and a return on equity of 13.93%. During the same period in the prior year, the firm earned $0.26 earnings per share. As a group, equities research analysts forecast that Huntington Bancshares Incorporated will post 1.33 EPS for the current fiscal year.

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.

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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).

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Institutional Ownership by Quarter for Huntington Bancshares (NASDAQ:HBAN)

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