Hingham Institution for Savings (NASDAQ:HIFS) Shares Down 4.1% – Time to Sell?

Hingham Institution for Savings (NASDAQ:HIFS) fell 4.1% during trading on Monday . The company traded as low as $302.01 and last traded at $295.0520. 4,573 shares traded hands during trading, a decline of 93% from the average session volume of 61,300 shares. The stock had previously closed at $307.64.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Hingham Institution for Savings from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 23rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Hingham Institution for Savings presently has an average rating of “Buy”.

Hingham Institution for Savings Price Performance

The company has a market cap of $631.72 million, a price-to-earnings ratio of 12.70 and a beta of 0.94. The company has a fifty day moving average price of $289.11 and a two-hundred day moving average price of $290.26. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.31.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its quarterly earnings data on Friday, April 17th. The savings and loans company reported $4.79 earnings per share for the quarter. Hingham Institution for Savings had a return on equity of 8.06% and a net margin of 21.17%.The company had revenue of $22.43 million for the quarter.

Hingham Institution for Savings Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 13th. Stockholders of record on Monday, May 4th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, May 4th. Hingham Institution for Savings’s dividend payout ratio (DPR) is presently 11.05%.

Institutional Trading of Hingham Institution for Savings

Institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Hingham Institution for Savings during the 3rd quarter worth approximately $41,000. Comerica Bank acquired a new stake in shares of Hingham Institution for Savings during the 4th quarter worth approximately $43,000. Kestra Advisory Services LLC acquired a new stake in shares of Hingham Institution for Savings during the 4th quarter worth approximately $85,000. Flagship Harbor Advisors LLC acquired a new stake in Hingham Institution for Savings in the 4th quarter valued at $102,000. Finally, Balyasny Asset Management L.P. acquired a new stake in Hingham Institution for Savings in the 4th quarter valued at $200,000. Institutional investors and hedge funds own 49.33% of the company’s stock.

About Hingham Institution for Savings

Hingham Institution for Savings is a mutual savings bank headquartered in Hingham, Massachusetts. Founded in 1834, the bank combines the community-oriented focus of a mutual institution with the transparency and oversight associated with a publicly traded company under the NASDAQ ticker HIFS.

The institution’s core activities include deposit and lending services tailored to individuals and businesses. Deposit offerings encompass checking and savings accounts, money market accounts, certificates of deposit and individual retirement accounts, supported by online and mobile banking platforms.