Hingham Institution for Savings (NASDAQ:HIFS) Sees Unusually-High Trading Volume - What's Next?

Shares of Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) saw unusually-high trading volume on Monday . Approximately 14,707 shares changed hands during 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 Analyst Weigh In

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

Hingham Institution for Savings Stock Down 0.6 %

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 50-day moving average price of $239.18 and a 200 day moving average price of $255.59. The firm has a market capitalization of $554.18 million, a PE ratio of 20.09 and a beta of 0.97.

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

Hingham Institution for Savings Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Monday, May 5th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.98%. Hingham Institution for Savings's dividend payout ratio is currently 19.47%.

Institutional Investors Weigh In On Hingham Institution for Savings

Several large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in shares of Hingham Institution for Savings by 508.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,163 shares of the savings and loans company's stock valued at $1,256,000 after buying an additional 4,314 shares in the last quarter. Barclays PLC increased its position in shares of Hingham Institution for Savings by 477.9% during the 3rd quarter. Barclays PLC now owns 3,063 shares of the savings and loans company's stock valued at $746,000 after purchasing an additional 2,533 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in Hingham Institution for Savings during the 4th quarter valued at $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 buying an additional 202 shares during the period. Finally, Geode Capital Management LLC lifted its position in Hingham Institution for Savings by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 40,107 shares of the savings and loans company's stock worth $10,196,000 after buying an additional 517 shares during the last quarter. 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.