Hingham Institution for Savings (NASDAQ:HIFS) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Hingham Institution for Savings (NASDAQ:HIFS) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $278.31 and traded as high as $317.93. Hingham Institution for Savings shares last traded at $310.07, with a volume of 54,171 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Hingham Institution for Savings in a research report on Thursday. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Hingham Institution for Savings Trading Down 2.0%

The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.31. The company’s 50 day moving average price is $288.73 and its two-hundred day moving average price is $278.25.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its earnings results on Friday, January 16th. The savings and loans company reported $4.54 EPS for the quarter. Hingham Institution for Savings had a net margin of 23.04% and a return on equity of 7.16%. The business had revenue of $35.02 million during the quarter.

Hingham Institution for Savings Dividend Announcement

The business also recently announced a special dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, January 5th were issued a $0.70 dividend. This represents a yield of 85.0%. The ex-dividend date of this dividend was Monday, January 5th. Hingham Institution for Savings’s dividend payout ratio (DPR) is currently 10.18%.

Hingham Institution for Savings declared that its board has authorized a stock buyback plan on Friday, December 5th that authorizes the company to buyback $20.00 million in outstanding shares. This buyback authorization authorizes the savings and loans company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd bought a new position in shares of Hingham Institution for Savings during the 3rd quarter valued at approximately $41,000. Flagship Harbor Advisors LLC purchased a new position in Hingham Institution for Savings during the fourth quarter valued at approximately $102,000. Inceptionr LLC bought a new position in shares of Hingham Institution for Savings in the third quarter worth approximately $202,000. RWA Wealth Partners LLC purchased a new stake in shares of Hingham Institution for Savings in the third quarter worth $204,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Hingham Institution for Savings during the 3rd quarter valued at $211,000. Institutional investors own 49.33% of the company’s stock.

Hingham Institution for Savings Company Profile

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.