Hingham Institution for Savings (NASDAQ:HIFS) Shares Gap Down – Here’s What Happened

Shares of Hingham Institution for Savings (NASDAQ:HIFS) gapped down before the market opened on Thursday . The stock had previously closed at $242.01, but opened at $235.65. Hingham Institution for Savings shares last traded at $235.65, with a volume of 1,806 shares trading hands.

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.

Hingham Institution for Savings Price Performance

The firm has a market cap of $517.87 million, a PE ratio of 22.77 and a beta of 1.02. The business has a fifty day moving average of $268.52 and a 200-day moving average of $247.86. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.63.

Hingham Institution for Savings Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, January 6th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Monday, January 6th. Hingham Institution for Savings’s dividend payout ratio (DPR) is 23.86%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Copeland Capital Management LLC purchased a new position in Hingham Institution for Savings in the third quarter worth about $61,000. FMR LLC grew its stake in shares of 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 valued at $102,000 after purchasing an additional 89 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. Wallace Capital Management Inc. purchased a new stake in Hingham Institution for Savings in the third quarter worth about $219,000. Finally, Quantbot Technologies LP raised its stake in Hingham Institution for Savings by 49.1% during the 3rd quarter. Quantbot Technologies LP now owns 950 shares of the savings and loans company’s stock worth $231,000 after acquiring an additional 313 shares during the period. Hedge funds and other institutional investors own 49.33% of the company’s stock.

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.