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

Hingham Institution for Savings (NASDAQ:HIFS) saw an uptick in trading volume on Wednesday . 19,491 shares traded hands during mid-day 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 Stock Performance

The business’s fifty day moving average price is $269.31 and its two-hundred day moving average price is $246.03. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market capitalization of $498.19 million, a P/E ratio of 21.97 and a beta of 1.02.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its quarterly earnings data on Friday, October 11th. The savings and loans company reported $1.44 earnings per share (EPS) for the quarter. The business had revenue of $15.21 million for 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, January 6th will be issued a dividend of $0.63 per share. The ex-dividend date is Monday, January 6th. This represents a $2.52 annualized dividend and a yield of 1.09%. Hingham Institution for Savings’s payout ratio is presently 23.86%.

Hedge Funds Weigh In On Hingham Institution for Savings

A number of large investors have recently made changes to their positions in HIFS. AQR Capital Management LLC grew its position in 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 acquiring an additional 51 shares during the last quarter. FMR LLC boosted its stake in shares of Hingham Institution for Savings by 27.0% during 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 during the period. Rhumbline Advisers grew its holdings in shares of 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 last quarter. Charles Schwab Investment Management Inc. increased its stake in Hingham Institution for Savings by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,527 shares of the savings and loans company’s stock worth $1,101,000 after buying an additional 137 shares during the period. Finally, Copeland Capital Management LLC bought a new stake in Hingham Institution for Savings during the 3rd quarter valued at about $61,000. 49.33% of the stock is owned by hedge funds and other institutional investors.

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.