Hingham Institution for Savings (NASDAQ:HIFS) Shares Cross Above Two Hundred Day Moving Average of $173.51

Shares of Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $173.51 and traded as high as $177.01. Hingham Institution for Savings shares last traded at $177.01, with a volume of 12,975 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Hingham Institution for Savings to a "sell" rating in a report on Wednesday, April 17th.

Hingham Institution for Savings Price Performance

The firm has a 50-day simple moving average of $168.15 and a 200-day simple moving average of $173.50. The firm has a market capitalization of $370.88 million, a PE ratio of 15.29 and a beta of 1.02. The company has a debt-to-equity ratio of 4.15, a current ratio of 1.66 and a quick ratio of 1.66.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last posted its quarterly earnings data on Friday, April 12th. The savings and loans company reported $1.01 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a net margin of 12.38% and a return on equity of 2.73%. The company had revenue of $15.33 million for the quarter.

Hingham Institution for Savings Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Monday, May 6th 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 1.46%. The ex-dividend date of this dividend is Friday, May 3rd. Hingham Institution for Savings's payout ratio is 22.34%.

Institutional Trading of Hingham Institution for Savings

Several hedge funds have recently bought and sold shares of HIFS. First National Bank Sioux Falls bought a new position in shares of Hingham Institution for Savings in the first quarter worth about $215,000. Quadrature Capital Ltd lifted its holdings in Hingham Institution for Savings by 159.8% during the fourth quarter. Quadrature Capital Ltd now owns 6,423 shares of the savings and loans company's stock valued at $1,243,000 after purchasing an additional 3,951 shares in the last quarter. Hennessy Advisors Inc. boosted its position in shares of Hingham Institution for Savings by 200.0% in the fourth quarter. Hennessy Advisors Inc. now owns 15,000 shares of the savings and loans company's stock worth $2,916,000 after purchasing an additional 10,000 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Hingham Institution for Savings by 161.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 395 shares of the savings and loans company's stock worth $77,000 after purchasing an additional 244 shares during the period. Finally, Maren Capital LLC purchased a new stake in shares of Hingham Institution for Savings in the fourth quarter worth $24,064,000. 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.