Huntington Bancshares (NASDAQ:HBANL) Trading Down 0.7% – What’s Next?

Huntington Bancshares Incorporated (NASDAQ:HBANL)’s stock price were down 0.7% during trading on Tuesday . The stock traded as low as $25.00 and last traded at $25.01. Approximately 17,354 shares were traded during trading, a decline of 17% from the average daily volume of 20,884 shares. The stock had previously closed at $25.19.

Huntington Bancshares Stock Performance

The company has a 50 day simple moving average of $25.21 and a 200 day simple moving average of $25.43.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.4298 per share. The ex-dividend date is Wednesday, July 1st. This represents a $1.72 annualized dividend and a yield of 6.9%.

Institutional Investors Weigh In On Huntington Bancshares

A hedge fund recently bought a new stake in Huntington Bancshares stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Huntington Bancshares Incorporated (NASDAQ:HBANL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,000 shares of the company’s stock, valued at approximately $25,000.

About Huntington Bancshares

Huntington Bancshares Incorporated (NASDAQ: HBANL) is a regional bank holding company that provides a broad range of banking and financial services through its principal subsidiary, Huntington National Bank. The company’s offerings include personal and small-business checking and savings accounts, consumer and commercial lending, treasury management, mortgage banking, equipment finance, and wealth management services. Huntington places a strong emphasis on digital and mobile banking capabilities, aiming to deliver an integrated customer experience across online, mobile and branch channels.

Originally founded in 1866 as The P.W.