Hingham Institution for Savings (NASDAQ:HIFS) Shares Gap Down - Here's What Happened

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $253.82, but opened at $248.00. Hingham Institution for Savings shares last traded at $248.48, with a volume of 4,909 shares traded.

Hingham Institution for Savings Stock Performance

The company has a market cap of $538.25 million, a P/E ratio of 23.74 and a beta of 1.02. 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 business has a 50-day moving average of $270.38 and a two-hundred day moving average of $244.97.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last posted its quarterly earnings data on Friday, October 11th. The savings and loans company reported $1.44 EPS for the quarter. The firm had revenue of $15.21 million during the quarter. Hingham Institution for Savings had a net margin of 10.95% and a return on equity of 2.27%.

Hingham Institution for Savings Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, January 6th will be paid a dividend of $0.63 per share. The ex-dividend date is Monday, January 6th. This represents a $2.52 annualized dividend and a yield of 1.01%. Hingham Institution for Savings's dividend payout ratio (DPR) is 23.86%.

Institutional Investors Weigh In On Hingham Institution for Savings

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HIFS. Copeland Capital Management LLC acquired a new position in shares of Hingham Institution for Savings during the third quarter valued at about $61,000. FMR LLC grew its position in 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 worth $102,000 after purchasing an additional 89 shares during the last quarter. Wallace Capital Management Inc. acquired a new position in Hingham Institution for Savings during the 3rd quarter valued at approximately $219,000. Quantbot Technologies LP raised its holdings in shares of Hingham Institution for Savings by 49.1% in the third quarter. Quantbot Technologies LP now owns 950 shares of the savings and loans company's stock worth $231,000 after buying an additional 313 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Hingham Institution for Savings during the third quarter worth $243,000. 49.33% of the stock is currently owned by hedge funds and other institutional investors.

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.