Hingham Institution for Savings (NASDAQ:HIFS) Hits New 1-Year High – Still a Buy?

Hingham Institution for Savings (NASDAQ:HIFS) hit a new 52-week high on Tuesday . The company traded as high as $300.00 and last traded at $300.00, with a volume of 1460 shares trading hands. The stock had previously closed at $298.77.

Hingham Institution for Savings Stock Performance

The company has a market capitalization of $623.50 million, a price-to-earnings ratio of 27.46 and a beta of 0.99. The company has a debt-to-equity ratio of 3.95, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a 50-day simple moving average of $252.19 and a two-hundred day simple moving average of $217.89.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its earnings results on Friday, October 11th. The savings and loans company reported $1.44 EPS for the quarter. The firm had revenue of $15.21 million during the quarter. Hingham Institution for Savings had a net margin of 10.95% and a return on equity of 2.28%.

Hingham Institution for Savings Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Monday, November 4th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.52 dividend on an annualized basis and a yield of 0.87%. Hingham Institution for Savings’s dividend payout ratio is presently 23.86%.

Institutional Trading of Hingham Institution for Savings

Several hedge funds have recently modified their holdings of the business. Maren Capital LLC grew its stake in Hingham Institution for Savings by 19.7% in the 1st quarter. Maren Capital LLC now owns 148,217 shares of the savings and loans company’s stock valued at $25,858,000 after acquiring an additional 24,432 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Hingham Institution for Savings by 8.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,286 shares of the savings and loans company’s stock valued at $225,000 after acquiring an additional 101 shares in the last quarter. Kennedy Capital Management LLC boosted its stake in shares of Hingham Institution for Savings by 235.3% during the first quarter. Kennedy Capital Management LLC now owns 11,396 shares of the savings and loans company’s stock valued at $1,988,000 after acquiring an additional 7,997 shares during the last quarter. Bank of New York Mellon Corp increased its position in Hingham Institution for Savings by 13.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,732 shares of the savings and loans company’s stock worth $1,025,000 after purchasing an additional 681 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Hingham Institution for Savings by 4.0% during the 2nd quarter. Rhumbline Advisers now owns 2,350 shares of the savings and loans company’s stock worth $420,000 after purchasing an additional 90 shares during the last quarter. 49.33% of the stock is owned by institutional investors and hedge funds.

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.