Huntington Bancshares (NASDAQ:HBANL) Stock Price Down 0.6% – Here’s What Happened

Huntington Bancshares Incorporated (NASDAQ:HBANL) shares dropped 0.6% during trading on Wednesday. The company traded as low as $24.60 and last traded at $24.60. Approximately 51,085 shares traded hands during trading, an increase of 135% from the average session volume of 21,738 shares. The stock had previously closed at $24.75.

Huntington Bancshares Stock Down 0.2%

The stock has a fifty day moving average price of $25.11 and a 200-day moving average price of $25.14.

Huntington Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be issued a $0.4298 dividend. This represents a $1.72 annualized dividend and a dividend yield of 7.0%. The ex-dividend date of this dividend is Thursday, October 1st.

Institutional Investors Weigh In On Huntington Bancshares

A hedge fund 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 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,000 shares of the company’s stock, valued at approximately $25,000.

About Huntington Bancshares

Huntington Bancshares Incorporated is a regional financial services company headquartered in Columbus, Ohio. Through The Huntington National Bank and its other operations, the company provides banking and financial services to consumers, businesses, municipalities and institutions.

Its offerings include checking and savings accounts, residential and commercial lending, credit cards, wealth management, investment and retirement services, insurance, treasury management and other payment solutions.