Hingham Institution for Savings (NASDAQ:HIFS) Sees Large Volume Increase - Should You Buy?

Shares of Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) saw strong trading volume on Monday . 11,972 shares changed hands during trading, an increase of 1% from the previous session's volume of 11,899 shares.The stock last traded at $262.11 and had previously closed at $264.00.

Analyst Ratings Changes

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

Hingham Institution for Savings Trading Up 2.1 %

The company has a fifty day simple moving average of $257.57 and a 200-day simple moving average of $255.37. The stock has a market cap of $596.43 million, a price-to-earnings ratio of 21.62 and a beta of 1.02. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.63.

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 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 Dividend Announcement

The company 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 annualized dividend and a dividend yield of 0.91%. Hingham Institution for Savings's dividend payout ratio is 19.64%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Hingham Institution for Savings in the 3rd quarter valued at approximately $248,000. Creative Planning increased its stake in shares of Hingham Institution for Savings by 26.3% in the third quarter. Creative Planning now owns 1,914 shares of the savings and loans company's stock worth $466,000 after purchasing an additional 399 shares during the period. Copeland Capital Management LLC acquired a new position in shares of Hingham Institution for Savings during the third quarter worth approximately $61,000. International Assets Investment Management LLC boosted its holdings in 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 valued at $1,065,600,000 after purchasing an additional 436,158 shares during the period. Finally, GSA Capital Partners LLP grew its position in Hingham Institution for Savings by 23.7% in the 3rd quarter. GSA Capital Partners LLP now owns 3,263 shares of the savings and loans company's stock worth $794,000 after purchasing an additional 625 shares during the last quarter. Hedge funds and other institutional investors own 49.33% of the company's stock.

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.