Hingham Institution for Savings (NASDAQ:HIFS) Sees Large Drop in Short Interest

Hingham Institution for Savings (NASDAQ:HIFS) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 160,600 shares, a decline of 5.4% from the August 15th total of 169,700 shares. Based on an average daily trading volume, of 18,300 shares, the short-interest ratio is presently 8.8 days. Approximately 10.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HIFS. Doma Perpetual Capital Management LLC lifted its position in Hingham Institution for Savings by 120.9% during the 2nd quarter. Doma Perpetual Capital Management LLC now owns 85,568 shares of the savings and loans company’s stock worth $15,306,000 after acquiring an additional 46,834 shares in the last quarter. AQR Capital Management LLC grew its position in Hingham Institution for Savings by 1.1% in the second quarter. AQR Capital Management LLC now owns 4,719 shares of the savings and loans company’s stock valued at $844,000 after acquiring an additional 51 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Hingham Institution for Savings by 35.4% during the second quarter. American Century Companies Inc. now owns 12,369 shares of the savings and loans company’s stock valued at $2,213,000 after purchasing an additional 3,231 shares during the period. Anchor Capital Advisors LLC lifted its position in shares of Hingham Institution for Savings by 8.3% during the second quarter. Anchor Capital Advisors LLC now owns 5,370 shares of the savings and loans company’s stock worth $961,000 after purchasing an additional 410 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake 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 period. 49.33% of the stock is owned by hedge funds and other institutional investors.

Hingham Institution for Savings Trading Up 3.0 %

HIFS stock opened at $259.80 on Friday. Hingham Institution for Savings has a 52 week low of $147.01 and a 52 week high of $261.00. The company has a market cap of $557.79 million, a price-to-earnings ratio of 27.64 and a beta of 1.00. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 3.95. The business has a fifty day simple moving average of $237.57 and a 200-day simple moving average of $195.31.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its quarterly earnings results on Friday, July 12th. The savings and loans company reported $1.00 EPS for the quarter. The company had revenue of $13.10 million during the quarter. Hingham Institution for Savings had a return on equity of 2.23% and a net margin of 10.10%.

Hingham Institution for Savings Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were issued a dividend of $0.63 per share. The ex-dividend date was Monday, July 29th. This represents a $2.52 annualized dividend and a dividend yield of 0.97%. Hingham Institution for Savings’s payout ratio is 26.81%.

About Hingham Institution for Savings

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.