Hingham Institution for Savings (NASDAQ:HIFS) Shares Down 4.9% - Here's Why

Key Points

• Shares of Hingham Institution for Savings (NASDAQ:HIFS) fell by 4.9%, with current trading prices around $258.94, significantly lower than the previous close of $272.18.
• The company has a market capitalization of $558.33 million and reported earnings of $3.86 per share for the recent quarter, alongside a net margin of 19.77%.
• A quarterly dividend of $0.63 will be distributed to stockholders on November 12th, representing a 1.0% dividend yield and a payout ratio of 12.27%.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) shares dropped 4.9% during trading on Monday . The stock traded as low as $258.16 and last traded at $258.94. Approximately 145,182 shares were traded during trading, an increase of 195% from the average daily volume of 49,149 shares. The stock had previously closed at $272.18.

Analyst Upgrades and Downgrades

Several equities analysts have commented on HIFS shares. Weiss Ratings reissued a "hold (c+)" rating on shares of Hingham Institution for Savings in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Hingham Institution for Savings from a "sell" rating to a "hold" rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Hingham Institution for Savings presently has an average rating of "Hold".

Hingham Institution for Savings Price Performance

The company has a market cap of $558.33 million, a price-to-earnings ratio of 12.65 and a beta of 0.93. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 3.53. The company has a fifty day moving average price of $272.43 and a two-hundred day moving average price of $255.59.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last posted its quarterly earnings results on Friday, October 10th. The savings and loans company reported $3.86 earnings per share for the quarter. The firm had revenue of $30.90 million for the quarter. Hingham Institution for Savings had a net margin of 19.77% and a return on equity of 6.12%.

Hingham Institution for Savings Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Monday, November 3rd will be issued a $0.63 dividend. The ex-dividend date of this dividend is Monday, November 3rd. This represents a $2.52 annualized dividend and a dividend yield of 1.0%. Hingham Institution for Savings's dividend payout ratio is presently 12.27%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of HIFS. Resources Management Corp CT ADV acquired a new stake in Hingham Institution for Savings in the 1st quarter valued at about $30,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Hingham Institution for Savings by 8.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 961 shares of the savings and loans company's stock valued at $229,000 after acquiring an additional 75 shares during the last quarter. BNP Paribas Financial Markets increased its position in Hingham Institution for Savings by 103.5% in the second quarter. BNP Paribas Financial Markets now owns 1,162 shares of the savings and loans company's stock worth $289,000 after purchasing an additional 591 shares during the period. AlphaQuest LLC lifted its position in Hingham Institution for Savings by 40.5% during the 1st quarter. AlphaQuest LLC now owns 1,279 shares of the savings and loans company's stock valued at $304,000 after purchasing an additional 369 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Hingham Institution for Savings by 23.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,358 shares of the savings and loans company's stock valued at $337,000 after purchasing an additional 258 shares during the last quarter. Institutional investors 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.

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