Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $248.47 and traded as high as $251.98. Hingham Institution for Savings shares last traded at $247.30, with a volume of 35,817 shares changing hands.
Analysts Set New Price Targets
Separately, Wall Street Zen raised Hingham Institution for Savings from a "sell" rating to a "hold" rating in a research note on Friday, July 18th.
Check Out Our Latest Analysis on Hingham Institution for Savings
Hingham Institution for Savings Trading Down 0.7%
The company has a 50-day moving average of $248.59 and a two-hundred day moving average of $248.57. The company has a debt-to-equity ratio of 3.36, a quick ratio of 1.53 and a current ratio of 1.53.
Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last posted its quarterly earnings results on Friday, July 11th. The savings and loans company reported $3.39 earnings per share for the quarter. The company had revenue of $20.85 million for the quarter. Hingham Institution for Savings had a return on equity of 4.99% and a net margin of 15.53%.
Hingham Institution for Savings Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 13th. Shareholders of record on Monday, August 4th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Monday, August 4th. Hingham Institution for Savings's dividend payout ratio is 16.43%.
Institutional Trading of Hingham Institution for Savings
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hotchkis & Wiley Capital Management LLC boosted its holdings 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 acquiring an additional 24,320 shares during the period. Maren Capital LLC boosted its stake in shares of 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 position in Hingham Institution for Savings by 549.2% during 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 purchasing an additional 9,364 shares in the last quarter. De Lisle Partners LLP raised its position in Hingham Institution for Savings by 31.3% during 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 purchasing an additional 6,178 shares in the last quarter. Finally, Hennessy Advisors Inc. raised its position in Hingham Institution for Savings by 100.0% during the second quarter. Hennessy Advisors Inc. now owns 12,000 shares of the savings and loans company's stock valued at $2,980,000 after purchasing an additional 6,000 shares in the last quarter. Institutional investors and hedge funds own 49.33% of the company's stock.
About Hingham Institution for Savings
(
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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.
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