Hingham Institution for Savings (NASDAQ:HIFS) Share Price Passes Below 200 Day Moving Average of $254.17

Hingham Institution for Savings (NASDAQ:HIFS – Get Rating) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $254.17 and traded as low as $197.95. Hingham Institution for Savings shares last traded at $200.01, with a volume of 24,329 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Hingham Institution for Savings in a research note on Thursday, March 16th. They issued a “sell” rating for the company.

Hingham Institution for Savings Stock Down 2.7 %

The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.85. The company’s fifty day simple moving average is $207.87 and its 200 day simple moving average is $254.17. The firm has a market capitalization of $430.02 million, a PE ratio of 12.88 and a beta of 0.89.

Hingham Institution for Savings (NASDAQ:HIFS – Get Rating) last announced its quarterly earnings results on Thursday, April 13th. The savings and loans company reported $2.61 earnings per share for the quarter. The company had revenue of $18.74 million during the quarter. Hingham Institution for Savings had a net margin of 25.02% and a return on equity of 12.15%.

Hingham Institution for Savings Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 10th. Investors of record on Monday, May 1st were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, April 28th. Hingham Institution for Savings’s payout ratio is 16.23%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC increased its stake in Hingham Institution for Savings by 6.0% in the 1st quarter. NewEdge Advisors LLC now owns 1,305 shares of the savings and loans company’s stock worth $305,000 after acquiring an additional 74 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Hingham Institution for Savings by 2.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,928 shares of the savings and loans company’s stock valued at $1,349,000 after purchasing an additional 77 shares during the last quarter. VELA Investment Management LLC boosted its holdings in Hingham Institution for Savings by 7.1% in the fourth quarter. VELA Investment Management LLC now owns 1,178 shares of the savings and loans company’s stock worth $325,000 after acquiring an additional 78 shares in the last quarter. SG Americas Securities LLC grew its position in Hingham Institution for Savings by 17.8% during the 1st quarter. SG Americas Securities LLC now owns 550 shares of the savings and loans company’s stock worth $128,000 after purchasing an additional 83 shares during the last quarter. Finally, Deutsche Bank AG increased its position in shares of Hingham Institution for Savings by 14.0% in the 4th quarter. Deutsche Bank AG now owns 683 shares of the savings and loans company’s stock valued at $188,000 after acquiring an additional 84 shares during the period. 36.93% of the stock is currently owned by institutional investors.

Hingham Institution for Savings Company Profile

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Hingham Institution for Savings provides community banking services. It engages in the business of commercial and residential real estate mortgage lending, funded by retail deposits, wholesale deposits and borrowings. The company was founded in 1834 and is headquartered in Hingham, MA.