Hingham Institution for Savings (NASDAQ:HIFS) Sees Large Volume Increase - Time to Buy?

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) saw strong trading volume on Tuesday . 20,711 shares changed hands during mid-day 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 Ratings Changes

Separately, Wall Street Zen lowered shares of 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 current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.63. The stock's fifty day simple moving average is $245.21 and its 200 day simple moving average is $254.05. The company has a market cap of $523.10 million, a price-to-earnings ratio of 18.96 and a beta of 0.97.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last released its quarterly earnings data on Friday, April 11th. The savings and loans company reported $2.78 earnings per share for the quarter. The company had revenue of $17.59 million for 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders 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 annualized dividend and a dividend yield of 1.04%. Hingham Institution for Savings's payout ratio is 19.47%.

Institutional Investors Weigh In On Hingham Institution for Savings

A number of hedge funds have recently modified their holdings of the company. Jane Street Group LLC purchased a new position in Hingham Institution for Savings during the first quarter worth about $952,000. Resources Management Corp CT ADV purchased a new stake in shares of Hingham Institution for Savings during the 1st quarter valued at approximately $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Hingham Institution for Savings by 8.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 961 shares of the savings and loans company's stock valued at $229,000 after buying an additional 75 shares during the period. AQR Capital Management LLC lifted its holdings in Hingham Institution for Savings by 54.3% in the first quarter. AQR Capital Management LLC now owns 1,634 shares of the savings and loans company's stock valued at $389,000 after acquiring an additional 575 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its position in 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 period. Hedge funds and other institutional investors own 49.33% of the company's stock.

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.