Hingham Institution for Savings (NASDAQ:HIFS) Sees Large Volume Increase – Time to Buy?

Shares of Hingham Institution for Savings (NASDAQ:HIFS) saw unusually-high trading volume on Tuesday . Approximately 20,711 shares traded hands during mid-day trading, an increase of 15% from the previous session’s volume of 17,981 shares.The stock last traded at $247.15 and had previously closed at $245.74.

Analysts Set New Price Targets

Separately, Wall Street Zen 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 Price Performance

The firm’s 50-day moving average is $244.38 and its 200-day moving average is $255.01. The company has a market capitalization of $538.70 million, a PE ratio of 19.53 and a beta of 0.97. 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 announced its earnings results on Friday, April 11th. The savings and loans company reported $2.78 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a net margin of 12.97% and a return on equity of 2.95%. The company had revenue of $17.59 million during the quarter.

Hingham Institution for Savings Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Monday, May 5th were given a $0.63 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.52 annualized dividend and a yield of 1.01%. Hingham Institution for Savings’s dividend payout ratio (DPR) is presently 19.47%.

Institutional Trading of Hingham Institution for Savings

Institutional investors have recently added to or reduced their stakes in the business. Barclays PLC boosted its position in Hingham Institution for Savings by 11.6% during the fourth quarter. Barclays PLC now owns 3,418 shares of the savings and loans company’s stock valued at $868,000 after buying an additional 355 shares during the period. SG Americas Securities LLC boosted its position in Hingham Institution for Savings by 19.8% during the fourth quarter. SG Americas Securities LLC now owns 1,223 shares of the savings and loans company’s stock valued at $311,000 after buying an additional 202 shares during the period. JPMorgan Chase & Co. boosted its position in Hingham Institution for Savings by 73.9% during the fourth quarter. JPMorgan Chase & Co. now owns 8,980 shares of the savings and loans company’s stock valued at $2,282,000 after buying an additional 3,817 shares during the period. Geode Capital Management LLC boosted its position in Hingham Institution for Savings by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 40,107 shares of the savings and loans company’s stock valued at $10,196,000 after buying an additional 517 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Hingham Institution for Savings by 941.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 479 shares of the savings and loans company’s stock worth $122,000 after purchasing an additional 433 shares during the period. 49.33% of the stock is currently owned by hedge funds and other institutional investors.

About Hingham Institution for Savings

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.