Hingham Institution for Savings (NASDAQ:HIFS) Sets New 52-Week High at $261.00

Hingham Institution for Savings (NASDAQ:HIFS)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $261.00 and last traded at $259.95, with a volume of 13926 shares traded. The stock had previously closed at $240.04.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Hingham Institution for Savings to a “sell” rating in a research report on Saturday, May 4th.

Hingham Institution for Savings Stock Performance

The company has a debt-to-equity ratio of 4.07, a current ratio of 1.64 and a quick ratio of 1.64. The business has a 50-day simple moving average of $208.14 and a 200-day simple moving average of $183.58. The firm has a market capitalization of $553.13 million, a PE ratio of 27.41 and a beta of 1.01.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its quarterly earnings data on Friday, July 12th. The savings and loans company reported $1.00 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a return on equity of 2.24% and a net margin of 10.10%. The business had revenue of $13.10 million for the quarter.

Hingham Institution for Savings Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were given a dividend of $0.63 per share. The ex-dividend date was Monday, July 29th. This represents a $2.52 dividend on an annualized basis and a yield of 0.98%. Hingham Institution for Savings’s dividend payout ratio (DPR) is presently 26.81%.

Institutional Investors Weigh In On Hingham Institution for Savings

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Maren Capital LLC bought a new stake in Hingham Institution for Savings during the 4th quarter valued at $24,064,000. Doma Perpetual Capital Management LLC boosted its position in Hingham Institution for Savings by 77.7% during the 2nd 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 37,413 shares in the last quarter. Hennessy Advisors Inc. boosted its position in Hingham Institution for Savings by 200.0% during the 4th quarter. Hennessy Advisors Inc. now owns 15,000 shares of the savings and loans company’s stock valued at $2,916,000 after acquiring an additional 10,000 shares in the last quarter. Kennedy Capital Management LLC boosted its position in shares of Hingham Institution for Savings by 235.3% in the 1st quarter. Kennedy Capital Management LLC now owns 11,396 shares of the savings and loans company’s stock worth $1,988,000 after purchasing an additional 7,997 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Hingham Institution for Savings by 36.4% in the 4th quarter. Russell Investments Group Ltd. now owns 15,845 shares of the savings and loans company’s stock worth $3,080,000 after purchasing an additional 4,231 shares in the last quarter. 49.33% of the stock is currently owned by hedge funds and other 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.