Hingham Institution for Savings (NASDAQ:HIFS) Sees Strong Trading Volume – Here’s Why

Hingham Institution for Savings (NASDAQ:HIFS) shares saw an uptick in trading volume on Friday . 9,844 shares were traded during mid-day trading, a decline of 26% from the previous session’s volume of 13,251 shares.The stock last traded at $259.87 and had previously closed at $258.96.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Hingham Institution for Savings from a “sell” rating to a “hold” rating in a report on Monday, January 13th.

Hingham Institution for Savings Stock Down 0.2 %

The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.63. The stock’s 50-day simple moving average is $261.42 and its 200 day simple moving average is $252.60. The firm has a market cap of $556.58 million, a P/E ratio of 20.18 and a beta of 1.02.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its quarterly earnings results on Friday, January 17th. The savings and loans company reported $2.16 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a return on equity of 2.95% and a net margin of 12.97%.

Hingham Institution for Savings Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, January 6th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Monday, January 6th. Hingham Institution for Savings’s dividend payout ratio (DPR) is currently 19.64%.

Institutional Investors Weigh In On Hingham Institution for Savings

A number of hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its position in shares of Hingham Institution for Savings by 113.2% during the third quarter. BNP Paribas Financial Markets now owns 2,938 shares of the savings and loans company’s stock worth $715,000 after purchasing an additional 1,560 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Hingham Institution for Savings by 508.1% during the third quarter. JPMorgan Chase & Co. now owns 5,163 shares of the savings and loans company’s stock valued at $1,256,000 after buying an additional 4,314 shares during the last quarter. Barclays PLC grew its holdings in shares of Hingham Institution for Savings by 477.9% during the third quarter. Barclays PLC now owns 3,063 shares of the savings and loans company’s stock valued at $746,000 after buying an additional 2,533 shares during the last quarter. State Street Corp increased its position in shares of Hingham Institution for Savings by 40.1% during the third 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. Finally, Aptus Capital Advisors LLC raised its stake in shares of Hingham Institution for Savings by 15.1% in the third quarter. Aptus Capital Advisors LLC now owns 14,347 shares of the savings and loans company’s stock worth $3,491,000 after purchasing an additional 1,886 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.