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

Hingham Institution for Savings (NASDAQ:HIFS)’s share price was up 0.4% on Thursday . The stock traded as high as $257.66 and last traded at $257.66. Approximately 713 shares traded 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 Price Performance

The stock has a 50-day simple moving average of $271.52 and a 200 day simple moving average of $239.68. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.63. The company has a market cap of $553.20 million, a PE ratio of 24.40 and a beta of 1.01.

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

Hingham Institution for Savings Announces Dividend

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

Institutional Trading of Hingham Institution for Savings

Several large investors have recently bought and sold shares of the company. Copeland Capital Management LLC purchased a new position in Hingham Institution for Savings in the 3rd quarter valued at about $61,000. FMR LLC increased its position in Hingham Institution for Savings by 27.0% during 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. Wallace Capital Management Inc. acquired a new position in Hingham Institution for Savings during the third quarter valued at approximately $219,000. Quantbot Technologies LP grew its stake in Hingham Institution for Savings by 49.1% during the third quarter. Quantbot Technologies LP now owns 950 shares of the savings and loans company’s stock worth $231,000 after buying an additional 313 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Hingham Institution for Savings in the third quarter worth $243,000. Institutional investors and hedge funds own 49.33% of the company’s stock.

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.