Hingham Institution for Savings (NASDAQ:HIFS) Trading 0.4% Higher – What’s Next?

Hingham Institution for Savings (NASDAQ:HIFS) shares shot up 0.4% on Thursday . The company traded as high as $257.66 and last traded at $257.66. 713 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 15,166 shares. The stock had previously closed at $256.56.

Hingham Institution for Savings Trading Down 1.5 %

The stock has a market capitalization of $543.45 million, a PE ratio of 23.97 and a beta of 1.01. The stock’s 50 day moving average price is $271.11 and its 200-day moving average price is $240.37. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.63.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its quarterly earnings results on Friday, October 11th. The savings and loans company reported $1.44 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a return on equity of 2.27% and a net margin of 10.95%. The business had revenue of $15.21 million during the quarter.

Hingham Institution for Savings Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, January 6th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $2.52 dividend on an annualized basis and a yield of 1.00%. Hingham Institution for Savings’s dividend payout ratio is presently 23.86%.

Institutional Investors Weigh In On Hingham Institution for Savings

A number of institutional investors have recently added to or reduced their stakes in HIFS. Copeland Capital Management LLC bought a new position in shares of Hingham Institution for Savings during the third quarter worth $61,000. FMR LLC lifted its stake in Hingham Institution for Savings by 27.0% in the 3rd quarter. FMR LLC now owns 419 shares of the savings and loans company’s stock worth $102,000 after purchasing an additional 89 shares in the last quarter. Wallace Capital Management Inc. bought a new position in shares of Hingham Institution for Savings during the 3rd quarter valued at about $219,000. Quantbot Technologies LP boosted its holdings in shares of Hingham Institution for Savings by 49.1% during the 3rd quarter. Quantbot Technologies LP now owns 950 shares of the savings and loans company’s stock valued at $231,000 after purchasing an additional 313 shares during the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Hingham Institution for Savings during the third quarter valued at about $243,000. 49.33% of the stock is owned by hedge funds and other institutional investors.

Hingham Institution for Savings Company Profile

Hingham Institution for Savings provides various financial products and services to individuals and small businesses in the United States. It offers savings, checking, money market, demand, and negotiable order of withdrawal accounts, as well as certificates of deposit. The company provides commercial and residential real estate, construction, home equity, commercial, consumer, and mortgage loans.