Hingham Institution for Savings (NASDAQ:HIFS) Stock Price Up 0.4% – Here’s What Happened

Hingham Institution for Savings (NASDAQ:HIFS) shares rose 0.4% during mid-day trading on Thursday . The company traded as high as $257.66 and last traded at $257.66. Approximately 713 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 15,166 shares. The stock had previously closed at $256.56.

Hingham Institution for Savings Stock Up 0.4 %

The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.63. The stock’s 50 day simple moving average is $271.52 and its 200 day simple moving average is $239.68. The stock has a market capitalization of $553.20 million, a P/E ratio of 24.40 and a beta of 1.01.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its quarterly earnings results on Friday, October 11th. The savings and loans company reported $1.44 earnings per share for the quarter. Hingham Institution for Savings had a return on equity of 2.27% and a net margin of 10.95%. The business had revenue of $15.21 million for the quarter.

Hingham Institution for Savings Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, January 6th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Monday, January 6th. Hingham Institution for Savings’s dividend payout ratio is presently 23.86%.

Institutional Investors Weigh In On Hingham Institution for Savings

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its position in shares of 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 valued at $1,025,000 after acquiring an additional 681 shares during the last quarter. Rhumbline Advisers grew its stake in 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 valued at $420,000 after acquiring an additional 90 shares in the last quarter. Anchor Capital Advisors LLC increased its holdings in shares of Hingham Institution for Savings by 8.3% in the 2nd quarter. Anchor Capital Advisors LLC now owns 5,370 shares of the savings and loans company’s stock valued at $961,000 after purchasing an additional 410 shares during the period. American Century Companies Inc. lifted its position in shares of Hingham Institution for Savings by 35.4% in the second quarter. American Century Companies Inc. now owns 12,369 shares of the savings and loans company’s stock worth $2,213,000 after purchasing an additional 3,231 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Hingham Institution for Savings by 1.1% in the second quarter. AQR Capital Management LLC now owns 4,719 shares of the savings and loans company’s stock worth $844,000 after purchasing an additional 51 shares in 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.