Short Interest in Hingham Institution for Savings (NASDAQ:HIFS) Increases By 10.0%

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 190,100 shares, a growth of 10.0% from the March 31st total of 172,800 shares. Based on an average daily volume of 16,400 shares, the days-to-cover ratio is currently 11.6 days. Approximately 12.3% of the company's stock are short sold.

Hingham Institution for Savings Stock Down 3.5 %

Shares of HIFS traded down $6.10 during trading hours on Tuesday, reaching $168.90. The stock had a trading volume of 9,979 shares, compared to its average volume of 16,437. The firm has a 50-day simple moving average of $168.62 and a 200 day simple moving average of $173.23. Hingham Institution for Savings has a 12 month low of $147.01 and a 12 month high of $230.77. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 4.15. The company has a market capitalization of $363.14 million, a price-to-earnings ratio of 14.97 and a beta of 1.02.

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

Hingham Institution for Savings Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Monday, May 6th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Friday, May 3rd. Hingham Institution for Savings's dividend payout ratio is currently 22.34%.

Analysts Set New Price Targets

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

Institutional Trading of Hingham Institution for Savings

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Hingham Institution for Savings by 9.7% during the third quarter. Vanguard Group Inc. now owns 104,873 shares of the savings and loans company's stock worth $19,585,000 after purchasing an additional 9,314 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of Hingham Institution for Savings by 19,340.0% in the 4th quarter. International Assets Investment Management LLC now owns 349,920 shares of the savings and loans company's stock worth $68,024,000 after buying an additional 348,120 shares during the last quarter. Schwartz Investment Counsel Inc. grew its holdings in shares of Hingham Institution for Savings by 30.6% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 81,087 shares of the savings and loans company's stock valued at $15,763,000 after acquiring an additional 19,000 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new stake in shares of Hingham Institution for Savings during the fourth quarter valued at approximately $200,000. Finally, SG Americas Securities LLC lifted its holdings in Hingham Institution for Savings by 22.4% during the fourth quarter. SG Americas Securities LLC now owns 840 shares of the savings and loans company's stock worth $163,000 after acquiring an additional 154 shares during the period. 49.33% of the stock is owned by hedge funds and other institutional investors.

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.