Hingham Institution for Savings (NASDAQ:HIFS) Sees Large Volume Increase - Still a Buy?

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) shares saw an uptick in trading volume on Monday . 14,707 shares changed hands during mid-day trading, an increase of 1% from the previous session's volume of 14,576 shares.The stock last traded at $253.15 and had previously closed at $248.39.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Hingham Institution for Savings from a "hold" rating to a "sell" rating in a report on Tuesday, April 8th.

Hingham Institution for Savings Stock Performance

The stock has a market capitalization of $557.39 million, a P/E ratio of 20.21 and a beta of 0.97. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.63. The company has a 50-day moving average price of $239.42 and a two-hundred day moving average price of $255.51.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last issued its quarterly earnings data on Friday, April 11th. The savings and loans company reported $2.78 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a net margin of 12.97% and a return on equity of 2.95%. The business had revenue of $17.59 million during the quarter.

Hingham Institution for Savings Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Monday, May 5th will be paid a dividend of $0.63 per share. The ex-dividend date is Monday, May 5th. This represents a $2.52 annualized dividend and a dividend yield of 0.97%. Hingham Institution for Savings's payout ratio is 19.47%.

Institutional Investors Weigh In On Hingham Institution for Savings

Several institutional investors have recently added to or reduced their stakes in HIFS. Barclays PLC increased its stake in shares of Hingham Institution for Savings by 477.9% in the third quarter. Barclays PLC now owns 3,063 shares of the savings and loans company's stock worth $746,000 after purchasing an additional 2,533 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Hingham Institution for Savings by 508.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,163 shares of the savings and loans company's stock worth $1,256,000 after buying an additional 4,314 shares during the period. SeaCrest Wealth Management LLC purchased a new position in Hingham Institution for Savings in the 4th quarter valued at approximately $204,000. SG Americas Securities LLC raised its holdings 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 valued at $311,000 after acquiring an additional 202 shares during the period. Finally, Anchor Capital Advisors LLC lifted its position in shares of Hingham Institution for Savings by 1.6% during the fourth quarter. Anchor Capital Advisors LLC now owns 5,380 shares of the savings and loans company's stock worth $1,367,000 after acquiring an additional 85 shares in the last quarter. 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.