Hingham Institution for Savings (NASDAQ:HIFS) Plans Quarterly Dividend of $0.63

Hingham Institution for Savings (NASDAQ:HIFS) announced a quarterly dividend on Monday, April 14th, Wall Street Journal reports. Shareholders of record on Monday, May 5th will be paid a dividend of 0.63 per share by the savings and loans company on Wednesday, May 14th. This represents a $2.52 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Monday, May 5th.

Hingham Institution for Savings has raised its dividend payment by an average of 6.6% annually over the last three years.

Hingham Institution for Savings Stock Up 4.6 %

Shares of HIFS stock traded up $10.21 during trading hours on Monday, reaching $230.41. The company had a trading volume of 22,910 shares, compared to its average volume of 15,050. The business has a fifty day simple moving average of $246.53 and a 200-day simple moving average of $255.63. Hingham Institution for Savings has a 12 month low of $162.84 and a 12 month high of $300.00. The company has a market cap of $495.38 million, a price-to-earnings ratio of 17.96 and a beta of 0.92. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.57 and a quick ratio of 1.57.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its quarterly earnings data on Friday, April 11th. The savings and loans company reported $2.78 earnings per share for the quarter. Hingham Institution for Savings had a return on equity of 2.95% and a net margin of 12.97%. The business had revenue of $17.59 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Hingham Institution for Savings from a “hold” rating to a “sell” rating in a report on Tuesday, April 8th.

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.