Hingham Institution for Savings (NASDAQ:HIFS) Short Interest Up 5.9% in January

Hingham Institution for Savings (NASDAQ:HIFS) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 159,200 shares, an increase of 5.9% from the January 15th total of 150,400 shares. Approximately 10.0% of the shares of the company are short sold. Based on an average daily trading volume, of 12,500 shares, the days-to-cover ratio is currently 12.7 days.

Institutional Investors Weigh In On Hingham Institution for Savings

Hedge funds and other institutional investors have recently modified their holdings of the stock. Copeland Capital Management LLC purchased a new position in Hingham Institution for Savings during the third quarter valued at approximately $61,000. FMR LLC lifted its stake in Hingham Institution for Savings by 27.0% in the 3rd quarter. FMR LLC now owns 419 shares of the savings and loans company’s stock worth $102,000 after purchasing an additional 89 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Hingham Institution for Savings by 941.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 479 shares of the savings and loans company’s stock valued at $122,000 after purchasing an additional 433 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of Hingham Institution for Savings in the fourth quarter worth $204,000. Finally, Wallace Capital Management Inc. purchased a new stake in shares of Hingham Institution for Savings in the third quarter worth $219,000. 49.33% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Hingham Institution for Savings from a “hold” rating to a “sell” rating in a research note on Friday.

Hingham Institution for Savings Stock Performance

NASDAQ:HIFS traded down $3.51 on Tuesday, reaching $272.02. 22,680 shares of the company’s stock were exchanged, compared to its average volume of 13,748. The firm has a market cap of $584.84 million, a price-to-earnings ratio of 21.20 and a beta of 1.02. 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 fifty day simple moving average of $257.46 and a 200-day simple moving average of $256.07. Hingham Institution for Savings has a 52 week low of $160.00 and a 52 week high of $300.00.

Hingham Institution for Savings (NASDAQ:HIFS) last released its quarterly earnings data on Friday, January 17th. The savings and loans company reported $2.16 EPS for the quarter. Hingham Institution for Savings had a net margin of 12.97% and a return on equity of 2.95%.

Hingham Institution for Savings Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, January 6th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Monday, January 6th. Hingham Institution for Savings’s payout ratio is presently 19.64%.

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.