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

Huntington Bancshares Incorporated (NASDAQ:HBANL)’s stock price shot up 0.6% during trading on Monday . The company traded as high as $25.45 and last traded at $25.43. 27,211 shares traded hands during trading, an increase of 29% from the average session volume of 21,150 shares. The stock had previously closed at $25.28.

Huntington Bancshares Stock Up 0.6%

The company has a fifty day moving average of $25.09 and a 200-day moving average of $25.21.

Huntington Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Thursday, October 1st will be paid a $0.4298 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.72 annualized dividend and a dividend yield of 6.8%.

Institutional Trading of Huntington Bancshares

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

Huntington Bancshares Company Profile

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.