Hingham Institution for Savings (NASDAQ:HIFS) Sees Strong Trading Volume After Dividend Announcement

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) shares saw unusually-strong trading volume on Tuesday following a dividend announcement from the company. Approximately 22,910 shares were traded during mid-day trading, an increase of 53% from the previous session's volume of 14,991 shares.The stock last traded at $235.55 and had previously closed at $220.20.

The newly announced dividend which will be paid on Wednesday, May 14th. Investors of record on Monday, May 5th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.05%. Hingham Institution for Savings's dividend payout ratio is 19.47%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Hingham Institution for Savings from a "hold" rating to a "sell" rating in a research report on Tuesday, April 8th.

Hingham Institution for Savings Price Performance

The stock's 50 day simple moving average is $243.58 and its 200-day simple moving average is $255.50. The stock has a market capitalization of $516.88 million, a price-to-earnings ratio of 18.74 and a beta of 0.92. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.57 and a quick ratio of 1.57.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last issued its quarterly earnings data on Friday, April 11th. The savings and loans company reported $2.78 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a net margin of 12.97% and a return on equity of 2.95%. The firm had revenue of $17.59 million during the quarter.

Institutional Investors Weigh In On Hingham Institution for Savings

A number of large investors have recently added to or reduced their stakes in the stock. FMR LLC lifted its stake in shares of Hingham Institution for Savings by 27.0% in the third quarter. FMR LLC now owns 419 shares of the savings and loans company's stock worth $102,000 after buying an additional 89 shares during the last quarter. State Street Corp grew its position 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 valued at $12,758,000 after purchasing an additional 15,000 shares during the last quarter. Barclays PLC increased its stake in shares of Hingham Institution for Savings by 477.9% in the third quarter. Barclays PLC now owns 3,063 shares of the savings and loans company's stock worth $746,000 after purchasing an additional 2,533 shares during the period. Geode Capital Management LLC lifted its position in shares of Hingham Institution for Savings by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 39,590 shares of the savings and loans company's stock worth $9,635,000 after purchasing an additional 617 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Hingham Institution for Savings by 508.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,163 shares of the savings and loans company's stock valued at $1,256,000 after buying an additional 4,314 shares during the last quarter. Institutional investors 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.