Hingham Institution for Savings (NASDAQ:HIFS) Sees Unusually-High Trading Volume – Time to Buy?

Hingham Institution for Savings (NASDAQ:HIFS) saw strong trading volume on Tuesday . 13,359 shares changed hands during mid-day trading, an increase of 26% from the previous session’s volume of 10,591 shares.The stock last traded at $250.00 and had previously closed at $240.18.

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 Trading Up 5.3 %

The firm has a market cap of $547.21 million, a PE ratio of 19.84 and a beta of 1.02. The company’s fifty day moving average price is $264.55 and its two-hundred day moving average price is $249.57. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.63.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its quarterly earnings data on Friday, January 17th. The savings and loans company reported $2.16 earnings per share 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, January 6th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.52 annualized dividend and a dividend yield of 0.99%. Hingham Institution for Savings’s payout ratio is currently 19.64%.

Institutional Investors Weigh In On Hingham Institution for Savings

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Copeland Capital Management LLC purchased a new stake in Hingham Institution for Savings during the third quarter worth $61,000. FMR LLC lifted its holdings in shares of Hingham Institution for Savings by 27.0% in the third 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 in the last quarter. SeaCrest Wealth Management LLC purchased a new stake in shares of Hingham Institution for Savings in the fourth quarter valued at about $204,000. Wallace Capital Management Inc. purchased a new position in shares of Hingham Institution for Savings during the 3rd quarter worth approximately $219,000. Finally, Quantbot Technologies LP lifted its stake in Hingham Institution for Savings by 49.1% in the 3rd quarter. Quantbot Technologies LP now owns 950 shares of the savings and loans company’s stock valued at $231,000 after buying an additional 313 shares in the last quarter. 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.