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

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) saw an uptick in trading volume on Monday . 22,501 shares were traded during mid-day trading, an increase of 52% from the previous session's volume of 14,812 shares.The stock last traded at $271.66 and had previously closed at $259.31.

Analyst Ratings Changes

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

Hingham Institution for Savings Stock Performance

The company has a 50-day moving average of $242.06 and a 200 day moving average of $255.73. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.63. The firm has a market capitalization of $573.23 million, a PE ratio of 20.78 and a beta of 0.97.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last posted its earnings results on Friday, April 11th. The savings and loans company reported $2.78 EPS 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Monday, May 5th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.95%. The ex-dividend date was Monday, May 5th. Hingham Institution for Savings's payout ratio is 19.47%.

Hedge Funds Weigh In On Hingham Institution for Savings

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Resources Management Corp CT ADV purchased a new position in Hingham Institution for Savings during the first quarter worth about $30,000. Tower Research Capital LLC TRC lifted its stake in Hingham Institution for Savings by 941.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 479 shares of the savings and loans company's stock worth $122,000 after purchasing an additional 433 shares during the last quarter. SeaCrest Wealth Management LLC bought a new stake in Hingham Institution for Savings during the fourth quarter worth about $204,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Hingham Institution for Savings by 5.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 886 shares of the savings and loans company's stock worth $225,000 after purchasing an additional 49 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in Hingham Institution for Savings by 10.9% during the fourth quarter. MetLife Investment Management LLC now owns 935 shares of the savings and loans company's stock worth $238,000 after purchasing an additional 92 shares during the last quarter. 49.33% of the stock is currently owned by hedge funds and other institutional investors.

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.