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

Shares of Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) saw strong 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.

Wall Street Analyst Weigh In

Separately, StockNews.com cut 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 company has a market capitalization of $564.91 million, a P/E ratio of 20.48 and a beta of 0.97. 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 stock has a fifty day simple moving average of $240.72 and a 200-day simple moving average of $255.65.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last announced its 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 company had revenue of $17.59 million during the quarter.

Hingham Institution for Savings Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Monday, May 5th were paid a $0.63 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.96%. Hingham Institution for Savings's dividend payout ratio (DPR) is presently 19.47%.

Institutional Trading of Hingham Institution for Savings

A number of hedge funds and other institutional investors have recently made changes to their positions in HIFS. Maren Capital LLC increased its position in Hingham Institution for Savings by 14.1% in the first quarter. Maren Capital LLC now owns 191,395 shares of the savings and loans company's stock worth $45,514,000 after purchasing an additional 23,665 shares during the period. Vanguard Group Inc. grew its position in shares of Hingham Institution for Savings by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 104,161 shares of the savings and loans company's stock worth $26,471,000 after buying an additional 3,717 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Hingham Institution for Savings by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 40,107 shares of the savings and loans company's stock valued at $10,196,000 after purchasing an additional 517 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Hingham Institution for Savings by 182.2% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 37,670 shares of the savings and loans company's stock valued at $8,958,000 after purchasing an additional 24,320 shares in the last quarter. Finally, De Lisle Partners LLP lifted its holdings in shares of Hingham Institution for Savings by 31.3% during the 1st quarter. De Lisle Partners LLP now owns 25,899 shares of the savings and loans company's stock valued at $6,136,000 after purchasing an additional 6,178 shares in the last quarter. 49.33% of the stock is currently owned by institutional investors and hedge funds.

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.