Hingham Institution for Savings (NASDAQ:HIFS) Sees Unusually-High Trading Volume - Time to Buy?

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) saw an uptick in trading volume on Tuesday . 20,711 shares changed hands during trading, an increase of 15% from the previous session's volume of 17,981 shares.The stock last traded at $247.15 and had previously closed at $245.74.

Analyst Upgrades and Downgrades

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

Hingham Institution for Savings Price Performance

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 cap of $535.10 million, a price-to-earnings ratio of 19.32 and a beta of 0.97. The company's 50 day moving average price is $245.09 and its 200 day moving average price is $254.58.

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. The firm had revenue of $17.59 million during the quarter. Hingham Institution for Savings had a return on equity of 2.95% and a net margin of 12.97%.

Hingham Institution for Savings Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Monday, May 5th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.52 dividend on an annualized basis and a yield of 1.01%. Hingham Institution for Savings's payout ratio is currently 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. 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. Maren Capital LLC increased its holdings in Hingham Institution for Savings by 14.1% in the 1st 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 in the last quarter. Focus Partners Wealth increased its stake in shares of 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 boosted its position 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. Finally, Nuveen LLC bought a new position in Hingham Institution for Savings in the first quarter worth approximately $1,247,000. 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.