Hingham Institution for Savings (NASDAQ:HIFS) Plans Dividend Increase – $1.30 Per Share

Hingham Institution for Savings (NASDAQ:HIFS) declared a None dividend on Tuesday, November 23rd, Zacks reports. Stockholders of record on Monday, January 3rd will be paid a dividend of 1.30 per share by the savings and loans company on Wednesday, January 12th. The ex-dividend date of this dividend is Friday, December 31st. This is a positive change from Hingham Institution for Savings’s previous None dividend of $1.17.

Hingham Institution for Savings has raised its dividend by 67.7% over the last three years and has increased its dividend every year for the last 14 years.

Shares of HIFS opened at $401.26 on Thursday. The firm’s 50 day moving average is $355.61 and its 200-day moving average is $319.54. The stock has a market capitalization of $854.68 million, a P/E ratio of 13.00 and a beta of 0.95. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.13 and a quick ratio of 1.13. Hingham Institution for Savings has a 12-month low of $210.76 and a 12-month high of $404.00.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its quarterly earnings data on Wednesday, October 13th. The savings and loans company reported $6.36 earnings per share (EPS) for the quarter. The company had revenue of $26.12 million for the quarter. Hingham Institution for Savings had a net margin of 53.81% and a return on equity of 17.50%.

Several institutional investors and hedge funds have recently made changes to their positions in HIFS. Morgan Stanley boosted its holdings in shares of Hingham Institution for Savings by 90.4% in the second quarter. Morgan Stanley now owns 9,510 shares of the savings and loans company’s stock worth $2,762,000 after buying an additional 4,514 shares during the period. Citadel Advisors LLC boosted its holdings in shares of Hingham Institution for Savings by 70.8% in the second quarter. Citadel Advisors LLC now owns 1,903 shares of the savings and loans company’s stock worth $553,000 after buying an additional 789 shares during the period. Millennium Management LLC acquired a new position in shares of Hingham Institution for Savings in the third quarter worth about $249,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Hingham Institution for Savings by 144.9% in the third quarter. BNP Paribas Arbitrage SA now owns 360 shares of the savings and loans company’s stock worth $121,000 after buying an additional 213 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Hingham Institution for Savings by 10.3% in the third quarter. Bank of New York Mellon Corp now owns 9,304 shares of the savings and loans company’s stock worth $3,132,000 after buying an additional 865 shares during the period.

About Hingham Institution for Savings

Hingham Institution for Savings provides community banking services. It engages in the business of commercial and residential real estate mortgage lending, funded by retail deposits, wholesale deposits and borrowings. The company was founded in 1834 and is headquartered in Hingham, MA.

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Dividend History for Hingham Institution for Savings (NASDAQ:HIFS)

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