Hingham Institution for Savings (NASDAQ:HIFS) Shares Pass Above 200-Day Moving Average - What's Next?

Shares of Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $212.11 and traded as high as $262.47. Hingham Institution for Savings shares last traded at $253.52, with a volume of 13,857 shares changing hands.

Hingham Institution for Savings Trading Up 0.2 %

The company has a 50 day simple moving average of $249.54 and a 200 day simple moving average of $212.11. The stock has a market capitalization of $546.10 million, a PE ratio of 24.01 and a beta of 1.00. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 3.95.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last issued its quarterly earnings results on Friday, October 11th. The savings and loans company reported $1.44 earnings per share for the quarter. The firm had revenue of $15.21 million during the quarter. Hingham Institution for Savings had a return on equity of 2.28% and a net margin of 10.95%.

Hingham Institution for Savings Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Monday, November 4th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Monday, November 4th. Hingham Institution for Savings's dividend payout ratio is presently 23.86%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. AQR Capital Management LLC boosted its position in shares of Hingham Institution for Savings by 1.1% in the 2nd quarter. AQR Capital Management LLC now owns 4,719 shares of the savings and loans company's stock worth $844,000 after buying an additional 51 shares in the last quarter. Rhumbline Advisers grew its position in shares of Hingham Institution for Savings by 4.0% in the second quarter. Rhumbline Advisers now owns 2,350 shares of the savings and loans company's stock valued at $420,000 after purchasing an additional 90 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Hingham Institution for Savings by 8.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,286 shares of the savings and loans company's stock worth $225,000 after purchasing an additional 101 shares in the last quarter. Anchor Capital Advisors LLC raised its position in shares of Hingham Institution for Savings by 2.6% during the 1st quarter. Anchor Capital Advisors LLC now owns 4,960 shares of the savings and loans company's stock worth $865,000 after purchasing an additional 124 shares during the last quarter. Finally, Copeland Capital Management LLC purchased a new stake in Hingham Institution for Savings in the 3rd quarter valued at approximately $61,000. 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.