Huntington Bancshares (NASDAQ:HBANL) Trading 0.4% Higher After Dividend Announcement

Huntington Bancshares Incorporated (NASDAQ:HBANL) shares traded up 0.4% during mid-day trading on Tuesday after the company announced a dividend. The stock traded as high as $25.27 and last traded at $25.26. 9,217 shares changed hands during trading, a decline of 64% from the average session volume of 25,756 shares. The stock had previously closed at $25.17.

The newly announced dividend which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 1st will be paid a dividend of $0.4298 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.72 annualized dividend and a yield of 6.81%.

Huntington Bancshares Stock Performance

The business has a fifty day simple moving average of $25.07 and a two-hundred day simple moving average of $25.26.

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 Huntington Bancshares Incorporated (NASDAQ:HBANL) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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.