Hingham Institution for Savings (NASDAQ:HIFS) Sees Large Volume Increase – Still a Buy?

Hingham Institution for Savings (NASDAQ:HIFS) saw unusually-high trading volume on Monday . Approximately 17,160 shares were traded during mid-day trading, a decline of 1% from the previous session’s volume of 17,280 shares.The stock last traded at $268.00 and had previously closed at $266.62.

Wall Street Analyst Weigh In

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

Hingham Institution for Savings Trading Up 0.4%

The company has a market capitalization of $575.62 million, a P/E ratio of 20.87 and a beta of 0.97. The company has a fifty day simple moving average of $242.06 and a two-hundred day simple moving average of $255.71. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.57 and a quick ratio of 1.57.

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

Hingham Institution for Savings Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Monday, May 5th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Monday, May 5th. Hingham Institution for Savings’s dividend payout ratio (DPR) is 19.47%.

Institutional Investors Weigh In On Hingham Institution for Savings

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in Hingham Institution for Savings by 508.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,163 shares of the savings and loans company’s stock valued at $1,256,000 after acquiring an additional 4,314 shares during the period. SeaCrest Wealth Management LLC bought a new stake in shares of Hingham Institution for Savings during the 4th quarter valued at $204,000. SG Americas Securities LLC boosted its stake in Hingham Institution for Savings by 19.8% in the 4th quarter. SG Americas Securities LLC now owns 1,223 shares of the savings and loans company’s stock worth $311,000 after purchasing an additional 202 shares during the period. Anchor Capital Advisors LLC raised its holdings in shares of Hingham Institution for Savings by 1.6% in the 4th quarter. Anchor Capital Advisors LLC now owns 5,380 shares of the savings and loans company’s stock valued at $1,367,000 after purchasing an additional 85 shares during the period. Finally, Quantbot Technologies LP boosted its position in shares of Hingham Institution for Savings by 40.1% during the 4th quarter. Quantbot Technologies LP now owns 1,331 shares of the savings and loans company’s stock worth $338,000 after acquiring an additional 381 shares in the last quarter. 49.33% of the stock is currently owned by institutional investors and hedge funds.

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.