Hingham Institution for Savings (NASDAQ:HIFS) Sees Unusually-High Trading Volume – Here’s Why

Hingham Institution for Savings (NASDAQ:HIFS) shares saw unusually-high trading volume on Wednesday . Approximately 19,491 shares were traded during trading, an increase of 33% from the previous session’s volume of 14,615 shares.The stock last traded at $247.85 and had previously closed at $250.70.

Hingham Institution for Savings Price Performance

The company has a debt-to-equity ratio of 3.63, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market capitalization of $532.46 million, a P/E ratio of 23.48 and a beta of 1.02. The stock’s fifty day simple moving average is $270.17 and its 200-day simple moving average is $245.57.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its quarterly earnings results on Friday, October 11th. The savings and loans company reported $1.44 EPS for the quarter. The company had revenue of $15.21 million during the quarter. Hingham Institution for Savings had a return on equity of 2.27% and a net margin of 10.95%.

Hingham Institution for Savings Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, January 6th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $2.52 annualized dividend and a dividend yield of 1.02%. Hingham Institution for Savings’s payout ratio is 23.86%.

Institutional Investors Weigh In On Hingham Institution for Savings

Hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its position in shares of Hingham Institution for Savings by 13.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,732 shares of the savings and loans company’s stock worth $1,025,000 after acquiring an additional 681 shares during the period. Rhumbline Advisers lifted its position in Hingham Institution for Savings by 4.0% in the second quarter. Rhumbline Advisers now owns 2,350 shares of the savings and loans company’s stock worth $420,000 after purchasing an additional 90 shares during the period. American Century Companies Inc. boosted its holdings in Hingham Institution for Savings by 35.4% during the second quarter. American Century Companies Inc. now owns 12,369 shares of the savings and loans company’s stock valued at $2,213,000 after purchasing an additional 3,231 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Hingham Institution for Savings by 1.1% in the 2nd quarter. AQR Capital Management LLC now owns 4,719 shares of the savings and loans company’s stock valued at $844,000 after purchasing an additional 51 shares during the period. Finally, Doma Perpetual Capital Management LLC raised its holdings in shares of Hingham Institution for Savings by 120.9% in the 2nd quarter. Doma Perpetual Capital Management LLC now owns 85,568 shares of the savings and loans company’s stock worth $15,306,000 after buying an additional 46,834 shares in the last quarter. Institutional investors own 49.33% of the company’s stock.

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.