Hingham Institution for Savings (NASDAQ:HIFS) Shares Gap Down – Should You Sell?

Hingham Institution for Savings (NASDAQ:HIFS) shares gapped down before the market opened on Tuesday . The stock had previously closed at $253.82, but opened at $248.00. Hingham Institution for Savings shares last traded at $248.48, with a volume of 4,909 shares.

Hingham Institution for Savings Stock Down 1.5 %

The company has a market capitalization of $530.31 million, a price-to-earnings ratio of 23.39 and a beta of 1.02. The business has a fifty day simple moving average of $269.88 and a two-hundred day simple moving average of $245.58. 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 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 firm had revenue of $15.21 million for the quarter.

Hingham Institution for Savings Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, January 6th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $2.52 annualized dividend and a yield of 1.02%. Hingham Institution for Savings’s dividend payout ratio is 23.86%.

Hedge Funds Weigh In On Hingham Institution for Savings

Several institutional investors have recently bought and sold shares of HIFS. International Assets Investment Management LLC increased its stake in shares of Hingham Institution for Savings by 24,231.0% in the third quarter. International Assets Investment Management LLC now owns 437,958 shares of the savings and loans company’s stock valued at $1,065,600,000 after buying an additional 436,158 shares in the last quarter. Doma Perpetual Capital Management LLC increased its position in Hingham Institution for Savings by 120.9% in the 2nd quarter. Doma Perpetual Capital Management LLC now owns 85,568 shares of the savings and loans company’s stock valued at $15,306,000 after acquiring an additional 46,834 shares in the last quarter. State Street Corp raised its stake in shares of Hingham Institution for Savings by 40.1% in the third quarter. State Street Corp now owns 52,434 shares of the savings and loans company’s stock worth $12,758,000 after acquiring an additional 15,000 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Hingham Institution for Savings during the third quarter worth approximately $3,248,000. Finally, De Lisle Partners LLP grew its stake in shares of Hingham Institution for Savings by 60.8% during the third quarter. De Lisle Partners LLP now owns 18,227 shares of the savings and loans company’s stock valued at $4,414,000 after purchasing an additional 6,891 shares during the last quarter. Institutional investors own 49.33% of the company’s stock.

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.