Confluence Wealth Services Inc. Has $362,000 Stock Holdings in Huntington Bancshares Incorporated $HBAN

Confluence Wealth Services Inc. decreased its position in Huntington Bancshares Incorporated (NASDAQ:HBAN) by 14.7% during the 2nd quarter, Holdings Channel reports. The firm owned 21,626 shares of the bank’s stock after selling 3,714 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Huntington Bancshares were worth $362,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in HBAN. Teacher Retirement System of Texas increased its holdings in shares of Huntington Bancshares by 1,462.4% during the first quarter. Teacher Retirement System of Texas now owns 212,390 shares of the bank’s stock worth $3,188,000 after buying an additional 198,796 shares in the last quarter. Czech National Bank grew its position in Huntington Bancshares by 6.6% during the 2nd quarter. Czech National Bank now owns 356,096 shares of the bank’s stock worth $5,968,000 after acquiring an additional 22,190 shares during the last quarter. Trinity Financial Advisors LLC increased its holdings in Huntington Bancshares by 1,497.1% during the 2nd quarter. Trinity Financial Advisors LLC now owns 286,896 shares of the bank’s stock valued at $4,853,000 after purchasing an additional 268,933 shares in the last quarter. Presper Financial Architects LLC bought a new position in Huntington Bancshares in the 2nd quarter valued at $811,000. Finally, QRG Capital Management Inc. boosted its stake in Huntington Bancshares by 11.9% in the first quarter. QRG Capital Management Inc. now owns 25,827 shares of the bank’s stock worth $388,000 after purchasing an additional 2,751 shares in the last quarter. 80.72% of the stock is owned by institutional investors.

Huntington Bancshares Trading Down 2.9%

Shares of NASDAQ HBAN opened at $16.71 on Tuesday. Huntington Bancshares Incorporated has a fifty-two week low of $11.91 and a fifty-two week high of $18.44. The firm has a market capitalization of $24.38 billion, a P/E ratio of 12.38, a P/E/G ratio of 0.83 and a beta of 0.96. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.89 and a quick ratio of 0.89. The company’s 50 day simple moving average is $17.12 and its 200 day simple moving average is $16.05.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Wednesday, September 17th were paid a $0.155 dividend. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 3.7%. Huntington Bancshares’s dividend payout ratio is 45.93%.

Wall Street Analysts Forecast Growth

HBAN has been the subject of a number of research reports. Raymond James Financial restated a “strong-buy” rating and issued a $21.00 target price (up from $18.00) on shares of Huntington Bancshares in a research note on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Huntington Bancshares from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Tuesday, September 30th. Citigroup boosted their target price on shares of Huntington Bancshares from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Wolfe Research raised shares of Huntington Bancshares from a “peer perform” rating to an “outperform” rating and set a $21.00 price target on the stock in a research note on Thursday, July 3rd. Finally, Morgan Stanley boosted their price objective on shares of Huntington Bancshares from $19.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $19.24.

Insider Activity at Huntington Bancshares

In related news, EVP Marcy C. Hingst sold 41,100 shares of the company’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $18.00, for a total value of $739,800.00. Following the completion of the sale, the executive vice president owned 299,361 shares in the company, valued at approximately $5,388,498. This represents a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.89% of the stock is currently owned by company insiders.

About Huntington Bancshares

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.