Koshinski Asset Management Inc. Purchases 17,917 Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN)

Koshinski Asset Management Inc. grew its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 44.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,274 shares of the bank’s stock after buying an additional 17,917 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Huntington Bancshares were worth $901,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of HBAN. Investors Research Corp bought a new stake in Huntington Bancshares during the second quarter worth about $26,000. Fieldpoint Private Securities LLC grew its stake in Huntington Bancshares by 135.5% during the second quarter. Fieldpoint Private Securities LLC now owns 1,766 shares of the bank’s stock worth $26,000 after buying an additional 1,016 shares during the last quarter. Evermay Wealth Management LLC bought a new stake in Huntington Bancshares during the second quarter worth about $39,000. Stonebridge Capital Advisors LLC grew its stake in Huntington Bancshares by 62.2% during the second quarter. Stonebridge Capital Advisors LLC now owns 2,709 shares of the bank’s stock worth $39,000 after buying an additional 1,039 shares during the last quarter. Finally, TimeScale Financial Inc. grew its stake in Huntington Bancshares by 55.1% during the second quarter. TimeScale Financial Inc. now owns 3,008 shares of the bank’s stock worth $43,000 after buying an additional 1,069 shares during the last quarter. 76.81% of the stock is currently owned by hedge funds and other institutional investors.

In other Huntington Bancshares news, CFO Zachary Jacob Wasserman sold 8,597 shares of the stock in a transaction on Wednesday, November 3rd. The shares were sold at an average price of $16.11, for a total value of $138,497.67. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kenneth J. Phelan bought 20,000 shares of the business’s stock in a transaction on Wednesday, November 3rd. The stock was purchased at an average price of $15.71 per share, for a total transaction of $314,200.00. The disclosure for this purchase can be found here. Insiders sold 343,529 shares of company stock worth $5,503,706 over the last 90 days. 1.04% of the stock is currently owned by company insiders.

Shares of NASDAQ HBAN opened at $16.35 on Thursday. The company’s 50 day simple moving average is $15.89 and its 200 day simple moving average is $15.19. Huntington Bancshares Incorporated has a fifty-two week low of $12.00 and a fifty-two week high of $16.91. The firm has a market capitalization of $23.65 billion, a P/E ratio of 11.93, a P/E/G ratio of 0.42 and a beta of 1.29. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.84 and a quick ratio of 0.83.

Huntington Bancshares (NASDAQ:HBAN) last announced its quarterly earnings data on Wednesday, October 27th. The bank reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.14). Huntington Bancshares had a net margin of 30.72% and a return on equity of 13.28%. The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the prior year, the company earned $0.27 earnings per share. The company’s quarterly revenue was up 35.8% on a year-over-year basis. Sell-side analysts expect that Huntington Bancshares Incorporated will post 1.55 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 3rd. Investors of record on Friday, December 17th will be issued a $0.155 dividend. This is a positive change from Huntington Bancshares’s previous quarterly dividend of $0.15. This represents a $0.62 annualized dividend and a yield of 3.79%. The ex-dividend date is Thursday, December 16th. Huntington Bancshares’s dividend payout ratio is currently 43.80%.

Several analysts have weighed in on the stock. Wolfe Research cut shares of Huntington Bancshares from an “outperform” rating to a “peer perform” rating and decreased their price objective for the stock from $20.00 to $18.00 in a research note on Wednesday, November 17th. The Goldman Sachs Group began coverage on shares of Huntington Bancshares in a research note on Wednesday, August 18th. They set a “buy” rating on the stock. TheStreet raised shares of Huntington Bancshares from a “c+” rating to a “b-” rating in a research note on Friday, September 17th. Raymond James increased their price target on shares of Huntington Bancshares from $18.00 to $20.00 and gave the company a “strong-buy” rating in a research note on Thursday, October 7th. Finally, Morgan Stanley increased their price target on shares of Huntington Bancshares from $18.50 to $18.75 and gave the company an “equal weight” rating in a research note on Monday, August 2nd. Seven investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Huntington Bancshares currently has an average rating of “Buy” and a consensus target price of $16.78.

Huntington Bancshares Profile

Huntington Bancshares, Inc operates as a bank holding company. It provides commercial and consumer banking services, mortgage banking services, automobile financing, recreational vehicle and marine financing, equipment leasing, investment management, trust services, brokerage services, insurance programs, and other financial products and services.

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

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