Confluence Wealth Services Inc. Has $456,000 Stock Position in Huntington Bancshares Incorporated (NASDAQ:HBAN)

Confluence Wealth Services Inc. boosted its position in shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) by 14.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 31,048 shares of the bank’s stock after buying an additional 3,988 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Huntington Bancshares were worth $456,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the company. Asset Dedication LLC grew its holdings in shares of Huntington Bancshares by 200.7% in the 3rd quarter. Asset Dedication LLC now owns 1,801 shares of the bank’s stock worth $26,000 after purchasing an additional 1,202 shares during the last quarter. Peoples Bank KS bought a new position in Huntington Bancshares during the 3rd quarter worth approximately $29,000. Future Financial Wealth Managment LLC acquired a new position in Huntington Bancshares during the third quarter valued at approximately $31,000. Fortitude Family Office LLC acquired a new stake in Huntington Bancshares during the 3rd quarter worth $32,000. Finally, Hazlett Burt & Watson Inc. raised its stake in shares of Huntington Bancshares by 695.5% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 2,291 shares of the bank’s stock valued at $30,000 after purchasing an additional 2,003 shares during the period. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Huntington Bancshares news, insider Helga Houston sold 6,455 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $15.43, for a total value of $99,600.65. Following the completion of the sale, the insider now directly owns 558,342 shares in the company, valued at $8,615,217.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.89% of the company’s stock.

Huntington Bancshares Stock Performance

NASDAQ:HBAN opened at $15.48 on Monday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.87 and a current ratio of 0.88. Huntington Bancshares Incorporated has a fifty-two week low of $9.75 and a fifty-two week high of $16.03. The business has a 50 day moving average price of $14.90 and a 200-day moving average price of $14.07. The firm has a market cap of $22.49 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 3.18 and a beta of 1.03.

Huntington Bancshares (NASDAQ:HBAN) last released its quarterly earnings data on Thursday, October 17th. The bank reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Huntington Bancshares had a net margin of 14.19% and a return on equity of 10.72%. During the same quarter in the previous year, the company earned $0.36 earnings per share. Equities research analysts predict that Huntington Bancshares Incorporated will post 1.2 earnings per share for the current year.

Huntington Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 18th will be issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Wednesday, December 18th. Huntington Bancshares’s dividend payout ratio (DPR) is currently 59.62%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Argus upped their price objective on Huntington Bancshares from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Citigroup lifted their price target on Huntington Bancshares from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. Keefe, Bruyette & Woods lowered their price objective on shares of Huntington Bancshares from $15.00 to $14.50 and set a “market perform” rating for the company in a research report on Tuesday, July 9th. Piper Sandler raised their price objective on shares of Huntington Bancshares from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Friday, October 18th. Finally, StockNews.com upgraded Huntington Bancshares from a “sell” rating to a “hold” rating in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.09.

Huntington Bancshares 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.