Hingham Institution for Savings (NASDAQ:HIFS) Stock Price Crosses Above Two Hundred Day Moving Average of $173.51

Hingham Institution for Savings (NASDAQ:HIFS)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $173.51 and traded as high as $177.01. Hingham Institution for Savings shares last traded at $177.01, with a volume of 12,975 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com raised Hingham Institution for Savings to a “sell” rating in a research note on Wednesday, April 17th.

Hingham Institution for Savings Price Performance

The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 4.15. The stock has a market capitalization of $380.04 million, a P/E ratio of 15.69 and a beta of 1.02. The stock has a 50 day moving average of $168.12 and a 200-day moving average of $173.51.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its quarterly earnings results on Friday, April 12th. The savings and loans company reported $1.01 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a return on equity of 2.73% and a net margin of 12.38%. The firm had revenue of $15.33 million during the quarter.

Hingham Institution for Savings Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Monday, May 6th will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, May 3rd. This represents a $2.52 annualized dividend and a yield of 1.42%. Hingham Institution for Savings’s payout ratio is currently 22.34%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HIFS. SG Americas Securities LLC purchased a new position in Hingham Institution for Savings during the 3rd quarter worth $128,000. Bank of New York Mellon Corp increased its holdings in Hingham Institution for Savings by 2.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 9,150 shares of the savings and loans company’s stock worth $1,709,000 after purchasing an additional 199 shares during the period. Paragon Advisors LLC increased its holdings in Hingham Institution for Savings by 14.7% during the 3rd quarter. Paragon Advisors LLC now owns 3,659 shares of the savings and loans company’s stock worth $683,000 after purchasing an additional 469 shares during the period. Anchor Capital Advisors LLC increased its holdings in Hingham Institution for Savings by 19.7% during the 3rd quarter. Anchor Capital Advisors LLC now owns 4,179 shares of the savings and loans company’s stock worth $780,000 after purchasing an additional 689 shares during the period. Finally, Ancora Advisors LLC increased its holdings in Hingham Institution for Savings by 183.5% during the 3rd quarter. Ancora Advisors LLC now owns 6,132 shares of the savings and loans company’s stock worth $1,145,000 after purchasing an additional 3,969 shares during the period. 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.