Huntington Bancshares (NASDAQ:HBANP) Trading Down 0.3%

Huntington Bancshares Incorporated (NASDAQ:HBANP)’s stock price were down 0.3% during trading on Tuesday . The stock traded as low as $17.20 and last traded at $17.49. Approximately 29,974 shares changed hands during trading, a decline of 50% from the average daily volume of 60,545 shares. The stock had previously closed at $17.53.

Huntington Bancshares Stock Performance

The firm’s 50-day moving average price is $17.55 and its 200 day moving average price is $17.73.

Huntington Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Sunday, October 1st will be given a dividend of $0.2813 per share. This represents a $1.13 annualized dividend and a dividend yield of 6.43%. The ex-dividend date is Thursday, September 28th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its position in shares of Huntington Bancshares by 84.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,744 shares of the company’s stock worth $31,000 after purchasing an additional 800 shares during the last quarter. Boyd Watterson Asset Management LLC OH boosted its position in shares of Huntington Bancshares by 5.0% in the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 31,300 shares of the company’s stock worth $572,000 after purchasing an additional 1,500 shares during the last quarter. Finally, OLD Point Trust & Financial Services N A acquired a new stake in shares of Huntington Bancshares in the 2nd quarter valued at approximately $35,000.

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 operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG).