Hingham Institution for Savings (NASDAQ:HIFS) Sees Strong Trading Volume – What’s Next?

Hingham Institution for Savings (NASDAQ:HIFS) saw strong trading volume on Wednesday . 19,491 shares were traded during trading, an increase of 33% from the previous session’s volume of 14,615 shares.The stock last traded at $247.85 and had previously closed at $250.70.

Hingham Institution for Savings Price Performance

The company has a debt-to-equity ratio of 3.63, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $498.19 million, a PE ratio of 21.97 and a beta of 1.02. The firm’s 50 day simple moving average is $269.31 and its 200 day simple moving average is $246.03.

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

Hingham Institution for Savings Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, January 6th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Monday, January 6th. Hingham Institution for Savings’s dividend payout ratio is currently 23.86%.

Institutional Investors Weigh In On Hingham Institution for Savings

Several institutional investors and hedge funds have recently added to or reduced their stakes in HIFS. International Assets Investment Management LLC increased its stake in shares of Hingham Institution for Savings by 24,231.0% in the 3rd quarter. International Assets Investment Management LLC now owns 437,958 shares of the savings and loans company’s stock worth $1,065,600,000 after purchasing an additional 436,158 shares in the last quarter. Doma Perpetual Capital Management LLC raised its stake in shares of Hingham Institution for Savings by 120.9% in the second quarter. Doma Perpetual Capital Management LLC now owns 85,568 shares of the savings and loans company’s stock worth $15,306,000 after buying an additional 46,834 shares during the period. State Street Corp lifted its position in shares of Hingham Institution for Savings by 40.1% during the 3rd quarter. State Street Corp now owns 52,434 shares of the savings and loans company’s stock valued at $12,758,000 after buying an additional 15,000 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Hingham Institution for Savings during the 3rd quarter valued at approximately $3,248,000. Finally, De Lisle Partners LLP increased its holdings in Hingham Institution for Savings by 60.8% in the 3rd quarter. De Lisle Partners LLP now owns 18,227 shares of the savings and loans company’s stock worth $4,414,000 after acquiring an additional 6,891 shares in the last quarter. Hedge funds and other institutional investors own 49.33% of the company’s stock.

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.