Hingham Institution for Savings (NASDAQ:HIFS) Shares Gap Down – Time to Sell?

Hingham Institution for Savings (NASDAQ:HIFS)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $253.82, but opened at $248.00. Hingham Institution for Savings shares last traded at $248.48, with a volume of 4,909 shares changing hands.

Hingham Institution for Savings Stock Performance

The stock has a market capitalization of $530.31 million, a price-to-earnings ratio of 23.39 and a beta of 1.02. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a 50-day moving average of $269.88 and a 200 day moving average of $245.58.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its quarterly earnings results on Friday, October 11th. The savings and loans company reported $1.44 earnings per share for the quarter. Hingham Institution for Savings had a net margin of 10.95% and a return on equity of 2.27%. The business had revenue of $15.21 million during the quarter.

Hingham Institution for Savings Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, January 6th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Monday, January 6th. Hingham Institution for Savings’s dividend payout ratio (DPR) is currently 23.86%.

Institutional Trading of Hingham Institution for Savings

A number of hedge funds have recently modified their holdings of the company. AQR Capital Management LLC increased its holdings in shares of Hingham Institution for Savings by 1.1% in the second quarter. AQR Capital Management LLC now owns 4,719 shares of the savings and loans company’s stock worth $844,000 after acquiring an additional 51 shares in the last quarter. FMR LLC increased its stake in Hingham Institution for Savings by 27.0% during the 3rd quarter. FMR LLC now owns 419 shares of the savings and loans company’s stock worth $102,000 after purchasing an additional 89 shares in the last quarter. Rhumbline Advisers raised its holdings in Hingham Institution for Savings by 4.0% during the 2nd quarter. Rhumbline Advisers now owns 2,350 shares of the savings and loans company’s stock worth $420,000 after buying an additional 90 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Hingham Institution for Savings by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,527 shares of the savings and loans company’s stock valued at $1,101,000 after buying an additional 137 shares in the last quarter. Finally, Copeland Capital Management LLC acquired a new position in shares of Hingham Institution for Savings in the third quarter valued at approximately $61,000. 49.33% of the stock is currently owned by institutional investors and hedge funds.

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.