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

Hingham Institution for Savings (NASDAQ:HIFS) saw unusually-strong trading volume on Tuesday . Approximately 13,359 shares were traded during 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.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Hingham Institution for Savings from a “sell” rating to a “hold” rating in a report on Monday, January 13th.

Hingham Institution for Savings Stock Up 5.3 %

The stock has a market capitalization of $547.21 million, a price-to-earnings ratio of 19.84 and a beta of 1.02. 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 business has a fifty day moving average of $264.55 and a 200 day moving average of $249.57.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its quarterly earnings data 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 Dividend Announcement

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

Institutional Investors Weigh In On Hingham Institution for Savings

Hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC boosted its position 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. FMR LLC grew its position 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 worth $102,000 after acquiring an additional 89 shares during the last quarter. Rhumbline Advisers raised its position in Hingham Institution for Savings by 4.0% in the 2nd quarter. Rhumbline Advisers now owns 2,350 shares of the savings and loans company’s stock valued at $420,000 after purchasing an additional 90 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Hingham Institution for Savings by 3.1% during 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 purchasing an additional 137 shares during the period. Finally, SG Americas Securities LLC grew its position in Hingham Institution for Savings by 19.8% during the 4th quarter. SG Americas Securities LLC now owns 1,223 shares of the savings and loans company’s stock worth $311,000 after purchasing an additional 202 shares during the last quarter. 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.