Hingham Institution for Savings (NASDAQ:HIFS) Shares Up 0.4% – Time to Buy?

Hingham Institution for Savings (NASDAQ:HIFS) shares traded up 0.4% during mid-day trading on Thursday . The stock traded as high as $257.66 and last traded at $257.66. Approximately 713 shares changed hands during trading, a decline of 95% from the average daily volume of 15,166 shares. The stock had previously closed at $256.56.

Hingham Institution for Savings Stock Down 1.5 %

The business has a 50-day moving average price of $271.11 and a 200 day moving average price of $240.37. 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 stock has a market capitalization of $543.45 million, a P/E ratio of 23.97 and a beta of 1.01.

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

Hingham Institution for Savings Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, January 6th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $2.52 annualized dividend and a yield of 1.00%. Hingham Institution for Savings’s payout ratio is currently 23.86%.

Institutional Investors Weigh In On Hingham Institution for Savings

Institutional investors have recently modified their holdings of the stock. American Century Companies Inc. increased its position in shares of Hingham Institution for Savings by 35.4% during the 2nd 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 last quarter. BNP Paribas Financial Markets increased its position in Hingham Institution for Savings by 113.2% during the third quarter. BNP Paribas Financial Markets now owns 2,938 shares of the savings and loans company’s stock valued at $715,000 after acquiring an additional 1,560 shares during the last quarter. Doma Perpetual Capital Management LLC raised its stake in shares of Hingham Institution for Savings by 120.9% in the second quarter. Doma Perpetual Capital Management LLC now owns 85,568 shares of the savings and loans company’s stock valued at $15,306,000 after acquiring an additional 46,834 shares during the period. Aptus Capital Advisors LLC lifted its holdings in shares of Hingham Institution for Savings by 15.1% in the 3rd quarter. Aptus Capital Advisors LLC now owns 14,347 shares of the savings and loans company’s stock worth $3,491,000 after acquiring an additional 1,886 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Hingham Institution for Savings during the 3rd quarter worth about $3,248,000. 49.33% of the stock is owned by institutional investors.

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.