Hingham Institution for Savings (NASDAQ:HIFS) Stock Price Down 3.4% - What's Next?

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) shares fell 3.4% during trading on Tuesday . The stock traded as low as $233.84 and last traded at $234.68. 29,325 shares changed hands during trading, an increase of 44% from the average session volume of 20,368 shares. The stock had previously closed at $242.82.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of Hingham Institution for Savings from a "hold" rating to a "sell" rating in a research report on Tuesday, April 8th.

Hingham Institution for Savings Trading Up 2.1%

The company has a debt-to-equity ratio of 3.63, a current ratio of 1.57 and a quick ratio of 1.57. The business has a 50-day moving average of $244.45 and a 200-day moving average of $252.69. The firm has a market cap of $494.31 million, a price-to-earnings ratio of 17.92 and a beta of 0.93.

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

Hingham Institution for Savings Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Monday, May 5th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.10%. The ex-dividend date was Monday, May 5th. Hingham Institution for Savings's dividend payout ratio (DPR) is currently 19.47%.

Institutional Investors Weigh In On Hingham Institution for Savings

Several hedge funds have recently bought and sold shares of the company. American Century Companies Inc. raised its stake in Hingham Institution for Savings by 0.3% in the first quarter. American Century Companies Inc. now owns 13,406 shares of the savings and loans company's stock valued at $3,188,000 after buying an additional 41 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Hingham Institution for Savings by 5.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 886 shares of the savings and loans company's stock worth $225,000 after acquiring an additional 49 shares during the last quarter. Anchor Capital Advisors LLC raised its stake in Hingham Institution for Savings by 1.6% in the 4th quarter. Anchor Capital Advisors LLC now owns 5,380 shares of the savings and loans company's stock valued at $1,367,000 after acquiring an additional 85 shares during the period. MetLife Investment Management LLC lifted its holdings in Hingham Institution for Savings by 10.9% during the 4th quarter. MetLife Investment Management LLC now owns 935 shares of the savings and loans company's stock valued at $238,000 after purchasing an additional 92 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its holdings in Hingham Institution for Savings by 7.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,424 shares of the savings and loans company's stock valued at $362,000 after purchasing an additional 100 shares during the last quarter. 49.33% of the stock is currently 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.