Hingham Institution for Savings (NASDAQ:HIFS) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Hingham Institution for Savings shares crossed above their 200-day moving average, reaching $303.53 before last trading at $297.42. The stock’s consensus analyst rating remains “Buy,” following upgrades from Weiss Ratings and Wall Street Zen.
• The bank reported quarterly earnings of $4.82 per share on $42.92 million in revenue, with a 25.94% net margin and 8.43% return on equity.
• Hingham announced a quarterly dividend of $0.63 per share, equivalent to an annualized $2.52 dividend and a 0.8% yield; institutional investors and hedge funds own 49.33% of the company.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $291.47 and traded as high as $303.53. Hingham Institution for Savings shares last traded at $297.42, with a volume of 48,144 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings upgraded Hingham Institution for Savings from a "buy (b-)" rating to a "buy (b)" rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded Hingham Institution for Savings from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy".

Hingham Institution for Savings Price Performance

The company has a debt-to-equity ratio of 2.93, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market capitalization of $648.38 million, a P/E ratio of 9.91 and a beta of 0.84. The company's 50 day moving average price is $296.30 and its 200 day moving average price is $291.47.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last posted its quarterly earnings data on Friday, July 17th. The savings and loans company reported $4.82 earnings per share for the quarter. Hingham Institution for Savings had a net margin of 25.94% and a return on equity of 8.43%. The firm had revenue of $42.92 million during the quarter.

Hingham Institution for Savings Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Monday, August 3rd were given a dividend of $0.63 per share. The ex-dividend date was Monday, August 3rd. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.8%. Hingham Institution for Savings's payout ratio is presently 8.39%.

Hedge Funds Weigh In On Hingham Institution for Savings

Several large investors have recently made changes to their positions in the company. Bessemer Group Inc. acquired a new stake in Hingham Institution for Savings in the first quarter worth about $4,002,000. Maren Capital LLC lifted its position in Hingham Institution for Savings by 1.8% during the 4th quarter. Maren Capital LLC now owns 208,659 shares of the savings and loans company's stock valued at $59,251,000 after purchasing an additional 3,726 shares during the period. Mission Wealth Management LP bought a new position in shares of Hingham Institution for Savings in the 4th quarter valued at about $4,222,000. Quantinno Capital Management LP boosted its stake in shares of Hingham Institution for Savings by 78.5% in the 1st quarter. Quantinno Capital Management LP now owns 4,795 shares of the savings and loans company's stock valued at $1,371,000 after purchasing an additional 2,109 shares during the last quarter. Finally, Sei Investments Co. grew its position in shares of Hingham Institution for Savings by 100.4% during the 1st quarter. Sei Investments Co. now owns 3,194 shares of the savings and loans company's stock worth $913,000 after buying an additional 1,600 shares during the period. Institutional investors and hedge funds own 49.33% of the company's stock.

About Hingham Institution for Savings

Hingham Institution for Savings is a mutual savings bank headquartered in Hingham, Massachusetts. Founded in 1834, the bank combines the community-oriented focus of a mutual institution with the transparency and oversight associated with a publicly traded company under the NASDAQ ticker HIFS.

The institution's core activities include deposit and lending services tailored to individuals and businesses. Deposit offerings encompass checking and savings accounts, money market accounts, certificates of deposit and individual retirement accounts, supported by online and mobile banking platforms.

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