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

Hingham Institution for Savings (NASDAQ:HIFS) shares saw an uptick in trading volume on Monday . 11,972 shares were traded during trading, an increase of 1% from the previous session’s volume of 11,899 shares.The stock last traded at $262.11 and had previously closed at $264.00.

Analyst Upgrades and Downgrades

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

Hingham Institution for Savings Stock Up 4.3 %

The stock has a market cap of $594.37 million, a P/E ratio of 21.55 and a beta of 1.02. The stock’s fifty day simple moving average is $257.87 and its 200-day simple moving average is $255.00. 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 announced 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 disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, January 6th were issued a $0.63 dividend. The ex-dividend date was Monday, January 6th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.91%. Hingham Institution for Savings’s dividend payout ratio (DPR) is presently 19.64%.

Institutional Investors Weigh In On Hingham Institution for Savings

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its position in Hingham Institution for Savings by 113.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,938 shares of the savings and loans company’s stock valued at $715,000 after acquiring an additional 1,560 shares during the period. JPMorgan Chase & Co. raised its stake 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 purchasing an additional 4,314 shares in the last quarter. Barclays PLC lifted its stake in shares of Hingham Institution for Savings by 477.9% in the 3rd quarter. Barclays PLC now owns 3,063 shares of the savings and loans company’s stock worth $746,000 after acquiring an additional 2,533 shares during the period. State Street Corp boosted its holdings in shares of Hingham Institution for Savings by 40.1% in the third quarter. State Street Corp now owns 52,434 shares of the savings and loans company’s stock valued at $12,758,000 after acquiring an additional 15,000 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Hingham Institution for Savings during the third quarter valued at approximately $3,248,000. Institutional investors and hedge funds 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.