Hingham Institution for Savings (NASDAQ:HIFS) Trading Down 3.4% - Here's Why

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

Analyst Upgrades and Downgrades

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

Hingham Institution for Savings Stock Performance

The company has a market capitalization of $484.07 million, a P/E ratio of 17.55 and a beta of 0.97. The firm has a 50 day moving average price of $244.83 and a two-hundred day moving average price of $253.37. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.57 and a current ratio of 1.57.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last released its quarterly earnings data 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 company had revenue of $17.59 million for the quarter.

Hingham Institution for Savings Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Monday, May 5th were paid a $0.63 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.52 annualized dividend and a dividend yield of 1.12%. Hingham Institution for Savings's dividend payout ratio is currently 19.47%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HIFS. Resources Management Corp CT ADV acquired a new position in shares of Hingham Institution for Savings in the 1st quarter worth approximately $30,000. Tower Research Capital LLC TRC boosted its holdings in shares of Hingham Institution for Savings by 941.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 479 shares of the savings and loans company's stock worth $122,000 after acquiring an additional 433 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings 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 worth $225,000 after acquiring an additional 49 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Hingham Institution for Savings by 10.9% in the 4th quarter. MetLife Investment Management LLC now owns 935 shares of the savings and loans company's stock worth $238,000 after acquiring an additional 92 shares in the last quarter. Finally, Wells Fargo & Company MN boosted 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 worth $261,000 after acquiring an additional 188 shares in 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.