Shares of Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 22,680 shares were traded during mid-day 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.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Hingham Institution for Savings from a "sell" rating to a "hold" rating in a research report on Saturday.
Get Our Latest Research Report on Hingham Institution for Savings
Hingham Institution for Savings Trading Down 3.6 %
The company has a debt-to-equity ratio of 3.63, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $561.06 million, a PE ratio of 20.34 and a beta of 1.02. The stock's 50 day simple moving average is $256.57 and its two-hundred day simple moving average is $256.69.
Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last released its earnings results on Friday, January 17th. The savings and loans company reported $2.16 earnings per share for the quarter. Hingham Institution for Savings had a net margin of 12.97% and a return on equity of 2.95%.
Hingham Institution for Savings Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, January 6th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Monday, January 6th. Hingham Institution for Savings's payout ratio is currently 19.64%.
Institutional Trading of Hingham Institution for Savings
A number of institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Hingham Institution for Savings by 5.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 886 shares of the savings and loans company's stock valued at $225,000 after buying an additional 49 shares in the last quarter. Anchor Capital Advisors LLC lifted its stake in shares of Hingham Institution for Savings by 1.6% during the 4th quarter. Anchor Capital Advisors LLC now owns 5,380 shares of the savings and loans company's stock valued at $1,367,000 after buying an additional 85 shares in the last quarter. FMR LLC lifted its stake in shares of 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 valued at $102,000 after buying an additional 89 shares in the last quarter. MetLife Investment Management LLC lifted its stake in shares of Hingham Institution for Savings by 10.9% during the 4th quarter. MetLife Investment Management LLC now owns 935 shares of the savings and loans company's stock valued at $238,000 after buying an additional 92 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its stake in shares of Hingham Institution for Savings by 7.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,424 shares of the savings and loans company's stock valued at $362,000 after buying an additional 100 shares in the last quarter. 49.33% of the stock is currently owned by hedge funds and other institutional investors.
About Hingham Institution for Savings
(
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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.
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