Hingham Institution for Savings (NASDAQ:HIFS) Sees Strong Trading Volume – Here’s What Happened

Hingham Institution for Savings (NASDAQ:HIFS) saw an uptick in trading volume on Wednesday . 22,680 shares were traded during trading, an increase of 102% from the previous session’s volume of 11,230 shares.The stock last traded at $270.31 and had previously closed at $275.53.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Hingham Institution for Savings from a “hold” rating to a “sell” rating in a research report on Friday, February 14th.

Hingham Institution for Savings Stock Up 0.3 %

The stock has a 50-day moving average of $257.28 and a 200 day moving average of $256.26. The company has a market capitalization of $586.32 million, a PE ratio of 21.22 and a beta of 1.02. 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 earnings results on Friday, January 17th. The savings and loans company reported $2.16 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a return on equity of 2.95% and a net margin of 12.97%.

Hingham Institution for Savings Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, January 6th were issued a dividend of $0.63 per share. The ex-dividend date was Monday, January 6th. This represents a $2.52 dividend on an annualized basis and a yield of 0.92%. Hingham Institution for Savings’s dividend payout ratio (DPR) is presently 19.64%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC raised its holdings in shares of Hingham Institution for Savings by 24,231.0% in the 3rd quarter. International Assets Investment Management LLC now owns 437,958 shares of the savings and loans company’s stock worth $1,065,600,000 after purchasing an additional 436,158 shares during the period. State Street Corp increased its position in 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 buying an additional 15,000 shares during the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Hingham Institution for Savings in the third quarter valued at $3,248,000. Focus Partners Wealth raised its stake in shares of Hingham Institution for Savings by 549.2% in the fourth quarter. Focus Partners Wealth now owns 11,069 shares of the savings and loans company’s stock valued at $2,813,000 after buying an additional 9,364 shares during the period. Finally, De Lisle Partners LLP lifted its position in shares of Hingham Institution for Savings by 60.8% during the 3rd quarter. De Lisle Partners LLP now owns 18,227 shares of the savings and loans company’s stock valued at $4,414,000 after buying an additional 6,891 shares during the last quarter. 49.33% of the stock is owned by institutional investors.

About Hingham Institution for Savings

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.