Hingham Institution for Savings (NASDAQ:HIFS) Sees Strong Trading Volume After Dividend Announcement

Hingham Institution for Savings (NASDAQ:HIFS) shares saw unusually-strong trading volume on Tuesday following a dividend announcement from the company. Approximately 22,910 shares traded hands during trading, an increase of 53% from the previous session’s volume of 14,991 shares.The stock last traded at $235.55 and had previously closed at $220.20.

The newly announced dividend which will be paid on Wednesday, May 14th. Shareholders of record on Monday, May 5th will be given a $0.63 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.06%. Hingham Institution for Savings’s dividend payout ratio (DPR) is currently 19.47%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Hingham Institution for Savings from a “hold” rating to a “sell” rating in a report on Tuesday, April 8th.

Hingham Institution for Savings Stock Performance

The company has a market cap of $510.17 million, a price-to-earnings ratio of 18.49 and a beta of 0.92. The firm’s 50 day simple moving average is $244.79 and its 200-day simple moving average is $255.32. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.57 and a current ratio of 1.57.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its earnings results on Friday, April 11th. The savings and loans company reported $2.78 EPS for the quarter. The company had revenue of $17.59 million for the quarter. Hingham Institution for Savings had a return on equity of 2.95% and a net margin of 12.97%.

Hedge Funds Weigh In On Hingham Institution for Savings

Institutional investors have recently modified their holdings of the business. Maren Capital LLC lifted its stake in Hingham Institution for Savings by 3.0% in the fourth quarter. Maren Capital LLC now owns 167,730 shares of the savings and loans company’s stock worth $42,627,000 after acquiring an additional 4,843 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Hingham Institution for Savings by 3.7% in the 4th quarter. Vanguard Group Inc. now owns 104,161 shares of the savings and loans company’s stock valued at $26,471,000 after acquiring an additional 3,717 shares during the last quarter. State Street Corp raised its position in shares of Hingham Institution for Savings by 40.1% during the 3rd quarter. State Street Corp now owns 52,434 shares of the savings and loans company’s stock worth $12,758,000 after acquiring an additional 15,000 shares in the last quarter. Geode Capital Management LLC lifted its stake in Hingham Institution for Savings by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 40,107 shares of the savings and loans company’s stock worth $10,196,000 after purchasing an additional 517 shares during the last quarter. Finally, Aptus Capital Advisors LLC increased its stake in Hingham Institution for Savings by 21.8% in the fourth quarter. Aptus Capital Advisors LLC now owns 17,474 shares of the savings and loans company’s stock valued at $4,441,000 after purchasing an additional 3,127 shares during the last quarter. 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.