Huntington Bancshares (NASDAQ:HBANL) Trading Up 0.6% – Still a Buy?

Huntington Bancshares Incorporated (NASDAQ:HBANL)’s stock price shot up 0.6% during mid-day trading on Tuesday . The stock traded as high as $24.90 and last traded at $24.80. 25,776 shares were traded during trading, an increase of 4% from the average session volume of 24,759 shares. The stock had previously closed at $24.66.

Huntington Bancshares Trading Up 0.6%

The firm has a 50-day simple moving average of $25.07 and a 200-day simple moving average of $25.48.

Huntington Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be issued a dividend of $0.4298 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $1.72 dividend on an annualized basis and a yield of 6.93%.

Institutional Investors Weigh In On Huntington Bancshares

An institutional investor recently bought a new position in Huntington Bancshares stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBANL) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,000 shares of the company’s stock, valued at approximately $26,000.

Huntington Bancshares Company 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.