Hingham Institution for Savings (NASDAQ:HIFS) Sees Strong Trading Volume - What's Next?

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 9,844 shares traded hands during mid-day trading, a decline of 26% from the previous session's volume of 13,251 shares.The stock last traded at $259.87 and had previously closed at $258.96.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Hingham Institution for Savings from a "sell" rating to a "hold" rating in a research note on Monday, January 13th.

Hingham Institution for Savings Stock Up 2.0 %

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's 50 day moving average is $260.09 and its two-hundred day moving average is $253.64. The company has a market capitalization of $545.71 million, a PE ratio of 19.78 and a beta of 1.02.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last announced its quarterly earnings data 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 net margin of 12.97% and a return on equity of 2.95%.

Hingham Institution for Savings Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, January 6th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.99%. The ex-dividend date was Monday, January 6th. Hingham Institution for Savings's dividend payout ratio is currently 19.64%.

Institutional Investors Weigh In On Hingham Institution for Savings

Institutional investors and hedge funds have recently made changes to their positions in the stock. Copeland Capital Management LLC purchased a new position in Hingham Institution for Savings during the third quarter valued at approximately $61,000. FMR LLC grew its holdings in Hingham Institution for Savings by 27.0% in 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. SeaCrest Wealth Management LLC acquired a new stake in shares of Hingham Institution for Savings during the 4th quarter worth approximately $204,000. Wallace Capital Management Inc. purchased a new stake in Hingham Institution for Savings in the 3rd quarter valued at about $219,000. Finally, Quantbot Technologies LP lifted 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 purchasing an additional 313 shares in the last quarter. 49.33% of the stock is currently owned by institutional investors and hedge funds.

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.