Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $255.25 and traded as high as $272.50. Hingham Institution for Savings shares last traded at $271.80, with a volume of 21,324 shares changing hands.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered Hingham Institution for Savings from a "hold" rating to a "sell" rating in a research note on Friday.
Check Out Our Latest Research Report on HIFS
Hingham Institution for Savings Stock Performance
The company has a 50 day moving average price of $257.43 and a 200-day moving average price of $255.81. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.63. The company has a market cap of $592.39 million, a P/E ratio of 21.48 and a beta of 1.02.
Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last issued its quarterly earnings results 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 return on equity of 2.95% and a net margin of 12.97%.
Hingham Institution for Savings Announces Dividend
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. This represents a $2.52 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Monday, January 6th. Hingham Institution for Savings's dividend payout ratio (DPR) is 19.64%.
Institutional Investors Weigh In On Hingham Institution for Savings
Several hedge funds have recently modified their holdings of HIFS. International Assets Investment Management LLC boosted its holdings in shares of Hingham Institution for Savings by 24,231.0% during 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 acquiring an additional 436,158 shares in the last quarter. State Street Corp boosted its holdings in shares of Hingham Institution for Savings by 40.1% during the 3rd quarter. State Street Corp now owns 52,434 shares of the savings and loans company's stock valued at $12,758,000 after acquiring an additional 15,000 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Hingham Institution for Savings during the 3rd quarter valued at $3,248,000. De Lisle Partners LLP lifted its holdings in Hingham Institution for Savings by 60.8% during the 3rd quarter. De Lisle Partners LLP now owns 18,227 shares of the savings and loans company's stock worth $4,414,000 after buying an additional 6,891 shares during the period. Finally, Maren Capital LLC lifted its holdings in Hingham Institution for Savings by 4.1% during the 3rd quarter. Maren Capital LLC now owns 162,887 shares of the savings and loans company's stock worth $39,632,000 after buying an additional 6,416 shares during the period. Institutional investors and hedge funds own 49.33% of the company's stock.
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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