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| Get An Even Better Deal On HBAN Than Director Phelan DidBy Dividend Channel Staff, Friday, May 19, 2:54 PM ET
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on April 26, Huntington Bancshares Inc's Director, Kenneth J. Phelan, invested $216,000.00 into 20,000 shares of HBAN, for a cost per share of $10.80. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Friday, bargain hunters could buy shares of Huntington Bancshares Inc (NASDAQ:HBAN) and achieve a cost basis 5.6% cheaper than Phelan, with shares changing hands as low as $10.20 per share. Huntington Bancshares Inc shares are currently trading up about 0.9% on the day. The chart below shows the one year performance of HBAN shares, versus its 200 day moving average:
Looking at the chart above, HBAN's low point in its 52 week range is $9.1301 per share, with $15.74 as the 52 week high point — that compares with a last trade of $10.32. By comparison, below is a table showing the prices at which HBAN insider buying was recorded over the last six months:
The current annualized dividend paid by Huntington Bancshares Inc is $0.62/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 06/16/2023. Below is a long-term dividend history chart for HBAN, which can be of good help in judging whether the most recent dividend with approx. 6.1% annualized yield is likely to continue.
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