Hingham Institution for Savings (NASDAQ:HIFS) Share Price Passes Above Two Hundred Day Moving Average of $179.67

Hingham Institution for Savings (NASDAQ:HIFS) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $179.67 and traded as high as $231.50. Hingham Institution for Savings shares last traded at $219.80, with a volume of 32,598 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Hingham Institution for Savings to a “sell” rating in a research report on Saturday, May 4th.

Hingham Institution for Savings Stock Performance

The firm has a market cap of $480.95 million, a P/E ratio of 24.33 and a beta of 1.01. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 4.07. The company’s 50-day moving average is $195.52 and its two-hundred day moving average is $180.29.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its quarterly earnings data on Friday, July 12th. The savings and loans company reported $1.00 EPS for the quarter. The firm had revenue of $13.10 million during the quarter. Hingham Institution for Savings had a net margin of 10.10% and a return on equity of 2.24%.

Hingham Institution for Savings Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Shareholders of record on Monday, July 29th were paid a $0.63 dividend. The ex-dividend date of this dividend was Monday, July 29th. This represents a $2.52 annualized dividend and a yield of 1.12%. Hingham Institution for Savings’s dividend payout ratio (DPR) is 26.81%.

Institutional Investors Weigh In On Hingham Institution for Savings

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Maren Capital LLC purchased a new stake in shares of Hingham Institution for Savings during the 4th quarter worth approximately $24,064,000. Hennessy Advisors Inc. increased its stake in shares of Hingham Institution for Savings by 200.0% during the 4th quarter. Hennessy Advisors Inc. now owns 15,000 shares of the savings and loans company’s stock worth $2,916,000 after purchasing an additional 10,000 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Hingham Institution for Savings by 9.7% during the 3rd quarter. Vanguard Group Inc. now owns 104,873 shares of the savings and loans company’s stock worth $19,585,000 after purchasing an additional 9,314 shares during the last quarter. Kennedy Capital Management LLC increased its stake in shares of Hingham Institution for Savings by 235.3% during the 1st quarter. Kennedy Capital Management LLC now owns 11,396 shares of the savings and loans company’s stock worth $1,988,000 after purchasing an additional 7,997 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Hingham Institution for Savings by 36.4% during the 4th quarter. Russell Investments Group Ltd. now owns 15,845 shares of the savings and loans company’s stock worth $3,080,000 after purchasing an additional 4,231 shares during the last quarter. Hedge funds and other institutional investors 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.