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

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) shares saw strong trading volume on Monday . 44,675 shares were traded during 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.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen 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 Price Performance

The company's 50 day simple moving average is $244.83 and its 200-day simple moving average is $253.37. 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 market capitalization of $484.07 million, a price-to-earnings ratio of 17.55 and a beta of 0.97.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last released its earnings results 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 for the quarter.

Hingham Institution for Savings Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Monday, May 5th were given a $0.63 dividend. The ex-dividend date was Monday, May 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.12%. Hingham Institution for Savings's dividend payout ratio is presently 19.47%.

Institutional Investors Weigh In On Hingham Institution for Savings

Several hedge funds have recently modified their holdings of HIFS. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Hingham Institution for Savings by 182.2% in 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 acquiring an additional 24,320 shares during the last quarter. Maren Capital LLC raised its holdings 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 valued at $45,514,000 after buying an additional 23,665 shares during the period. Focus Partners Wealth raised its holdings in Hingham Institution for Savings by 549.2% in the fourth quarter. Focus Partners Wealth now owns 11,069 shares of the savings and loans company's stock valued at $2,813,000 after buying an additional 9,364 shares during the period. De Lisle Partners LLP raised its holdings in Hingham Institution for Savings by 31.3% in the first quarter. De Lisle Partners LLP now owns 25,899 shares of the savings and loans company's stock valued at $6,136,000 after buying an additional 6,178 shares during the period. Finally, Nuveen LLC purchased a new position in Hingham Institution for Savings in the first quarter valued at approximately $1,247,000. 49.33% of the stock is owned by institutional investors and hedge funds.

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.