Huntington Bancshares Incorporated (NASDAQ:HBANP) Sees Large Decline in Short Interest

Huntington Bancshares Incorporated (NASDAQ:HBANP – Get Rating) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 204,600 shares, a decrease of 5.5% from the February 13th total of 216,400 shares. Based on an average daily volume of 79,600 shares, the short-interest ratio is presently 2.6 days.

Insider Buying and Selling at Huntington Bancshares

In related news, Director David L. Porteous sold 80,000 shares of the stock in a transaction that occurred on Friday, January 27th. The stock was sold at an average price of $15.01, for a total transaction of $1,200,800.00. Following the completion of the sale, the director now directly owns 62,845 shares of the company’s stock, valued at approximately $943,303.45. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Hedge Funds Weigh In On Huntington Bancshares

An institutional investor recently bought a new position in Huntington Bancshares stock. Connectus Wealth LLC purchased a new stake in shares of Huntington Bancshares Incorporated (NASDAQ:HBANP – Get Rating) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 78,500 shares of the company’s stock, valued at approximately $1,413,000.

Huntington Bancshares Price Performance

HBANP opened at $16.10 on Friday. Huntington Bancshares has a fifty-two week low of $15.46 and a fifty-two week high of $22.28. The stock has a fifty day moving average of $19.37 and a 200-day moving average of $18.52.

Huntington Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Saturday, April 1st will be paid a dividend of $0.2813 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 6.99%. The ex-dividend date is Thursday, March 30th.

About Huntington Bancshares

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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 operates through four segments: Consumer and Business Banking; Commercial Banking; Vehicle Finance; and Regional Banking and The Huntington Private Client Group (RBHPCG).