Hingham Institution for Savings (NASDAQ:HIFS) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Hingham Institution for Savings (NASDAQ:HIFS) saw strong trading volume on Wednesday . 19,491 shares changed hands during mid-day trading, an increase of 33% from the previous session’s volume of 14,615 shares.The stock last traded at $247.85 and had previously closed at $250.70.

Hingham Institution for Savings Trading Down 1.1 %

The business has a 50 day simple moving average of $270.17 and a 200 day simple moving average of $245.57. 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 company has a market cap of $532.46 million, a price-to-earnings ratio of 23.48 and a beta of 1.02.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its quarterly earnings results on Friday, October 11th. The savings and loans company reported $1.44 earnings per share (EPS) for the quarter. The business had revenue of $15.21 million for the quarter. Hingham Institution for Savings had a net margin of 10.95% and a return on equity of 2.27%.

Hingham Institution for Savings Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, January 6th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.02%. The ex-dividend date is Monday, January 6th. Hingham Institution for Savings’s dividend payout ratio is 23.86%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in shares of Hingham Institution for Savings by 508.1% during the third quarter. JPMorgan Chase & Co. now owns 5,163 shares of the savings and loans company’s stock worth $1,256,000 after buying an additional 4,314 shares during the last quarter. Barclays PLC lifted its stake in shares of Hingham Institution for Savings by 477.9% in the 3rd quarter. Barclays PLC now owns 3,063 shares of the savings and loans company’s stock valued at $746,000 after purchasing an additional 2,533 shares during the period. Geode Capital Management LLC boosted its position in shares of Hingham Institution for Savings by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 39,590 shares of the savings and loans company’s stock worth $9,635,000 after purchasing an additional 617 shares during the last quarter. Wallace Capital Management Inc. acquired a new stake in shares of Hingham Institution for Savings during the third quarter worth $219,000. Finally, State Street Corp increased its holdings in Hingham Institution for Savings by 40.1% in the third quarter. State Street Corp now owns 52,434 shares of the savings and loans company’s stock valued at $12,758,000 after purchasing an additional 15,000 shares during the last quarter. 49.33% of the stock is currently owned by institutional investors and hedge funds.

About Hingham Institution for Savings

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.