Hingham Institution for Savings (NASDAQ:HIFS) Trading 5.1% Higher – Here’s Why

Shares of Hingham Institution for Savings (NASDAQ:HIFS) were up 5.1% on Tuesday . The stock traded as high as $271.08 and last traded at $271.08. Approximately 12,728 shares were traded during trading, a decline of 20% from the average daily volume of 15,991 shares. The stock had previously closed at $258.03.

Hingham Institution for Savings Stock Up 0.3 %

The stock has a fifty day moving average price of $244.36 and a two-hundred day moving average price of $205.79. The company has a market cap of $578.98 million, a price-to-earnings ratio of 28.69 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.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its quarterly earnings data on Friday, October 11th. The savings and loans company reported $1.44 earnings per share for the quarter. The business had revenue of $15.21 million during the quarter. Hingham Institution for Savings had a net margin of 10.10% and a return on equity of 2.23%.

Hingham Institution for Savings Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Monday, November 4th will be given a $0.63 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.93%. Hingham Institution for Savings’s payout ratio is 26.81%.

Institutional Investors Weigh In On Hingham Institution for Savings

A number of large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in shares of Hingham Institution for Savings during the 3rd quarter valued at $248,000. First National Bank Sioux Falls bought a new stake in Hingham Institution for Savings during the first quarter worth about $215,000. Price T Rowe Associates Inc. MD grew its stake in Hingham Institution for Savings by 8.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,286 shares of the savings and loans company’s stock worth $225,000 after buying an additional 101 shares in the last quarter. Creative Planning grew its stake in Hingham Institution for Savings by 26.3% during the third quarter. Creative Planning now owns 1,914 shares of the savings and loans company’s stock worth $466,000 after buying an additional 399 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Hingham Institution for Savings by 4.0% in the 2nd quarter. Rhumbline Advisers now owns 2,350 shares of the savings and loans company’s stock valued at $420,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds 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.