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

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $240.41, but opened at $234.57. Hingham Institution for Savings shares last traded at $238.07, with a volume of 8,199 shares.

Analysts Set New Price Targets

Separately, StockNews.com lowered 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 has a debt-to-equity ratio of 3.63, a quick ratio of 1.57 and a current ratio of 1.57. The business's fifty day simple moving average is $240.73 and its 200 day simple moving average is $255.91. The stock has a market cap of $538.21 million, a price-to-earnings ratio of 19.51 and a beta of 0.92.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last released its quarterly earnings results on Friday, April 11th. The savings and loans company reported $2.78 EPS for the quarter. Hingham Institution for Savings had a return on equity of 2.95% and a net margin of 12.97%. The business had revenue of $17.59 million for the quarter.

Hingham Institution for Savings Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Monday, May 5th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Monday, May 5th. Hingham Institution for Savings's payout ratio is currently 19.47%.

Institutional Trading of Hingham Institution for Savings

Several institutional investors have recently added to or reduced their stakes in HIFS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Hingham Institution for Savings by 5.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 886 shares of the savings and loans company's stock valued at $225,000 after purchasing an additional 49 shares in the last quarter. Anchor Capital Advisors LLC increased its holdings in Hingham Institution for Savings by 1.6% in the fourth quarter. Anchor Capital Advisors LLC now owns 5,380 shares of the savings and loans company's stock valued at $1,367,000 after buying an additional 85 shares during the last quarter. MetLife Investment Management LLC raised its stake in Hingham Institution for Savings by 10.9% during the fourth quarter. MetLife Investment Management LLC now owns 935 shares of the savings and loans company's stock valued at $238,000 after buying an additional 92 shares in the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of Hingham Institution for Savings by 7.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,424 shares of the savings and loans company's stock worth $362,000 after acquiring an additional 100 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Hingham Institution for Savings by 22.5% in the 4th quarter. Wells Fargo & Company MN now owns 1,025 shares of the savings and loans company's stock valued at $261,000 after acquiring an additional 188 shares during the last quarter. 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.