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

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 44,675 shares changed hands during mid-day trading, an increase of 124% from the previous session's volume of 19,930 shares.The stock last traded at $240.75 and had previously closed at $242.41.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Hingham Institution for Savings from a "hold" rating to a "sell" rating in a report on Tuesday, April 8th.

Hingham Institution for Savings Trading Up 2.1%

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 firm has a market cap of $494.31 million, a PE ratio of 17.92 and a beta of 0.97. The company's 50 day moving average price is $244.58 and its 200 day moving average price is $253.06.

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

Hingham Institution for Savings Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Monday, May 5th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.52 annualized dividend and a yield of 1.10%. Hingham Institution for Savings's dividend payout ratio (DPR) is 19.47%.

Institutional Investors Weigh In On Hingham Institution for Savings

Hedge funds have recently bought and sold shares of the stock. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Hingham Institution for Savings by 182.2% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 37,670 shares of the savings and loans company's stock worth $8,958,000 after buying an additional 24,320 shares during the period. Maren Capital LLC grew its holdings in Hingham Institution for Savings by 14.1% during the 1st quarter. Maren Capital LLC now owns 191,395 shares of the savings and loans company's stock worth $45,514,000 after acquiring an additional 23,665 shares in the last quarter. Focus Partners Wealth grew its holdings in Hingham Institution for Savings by 549.2% during the 4th quarter. Focus Partners Wealth now owns 11,069 shares of the savings and loans company's stock worth $2,813,000 after acquiring an additional 9,364 shares in the last quarter. De Lisle Partners LLP increased its position in shares of Hingham Institution for Savings by 31.3% in 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 during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Hingham Institution for Savings in the 1st quarter valued at approximately $1,247,000. Institutional investors and hedge funds own 49.33% of the company's stock.

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.