Hingham Institution for Savings (NASDAQ:HIFS) Shares Gap Down – Time to Sell?

Hingham Institution for Savings (NASDAQ:HIFS)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $242.01, but opened at $235.65. Hingham Institution for Savings shares last traded at $235.65, with a volume of 1,806 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Hingham Institution for Savings from a “sell” rating to a “hold” rating in a report on Monday, January 13th.

Hingham Institution for Savings Stock Performance

The firm has a market capitalization of $519.87 million, a price-to-earnings ratio of 22.90 and a beta of 1.02. The company has a fifty day moving average of $265.69 and a two-hundred day moving average of $248.19. 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) last posted its quarterly earnings data on Friday, January 17th. The savings and loans company reported $2.16 EPS for the quarter. Hingham Institution for Savings had a return on equity of 2.27% and a net margin of 10.95%.

Hingham Institution for Savings Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, January 6th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.52 dividend on an annualized basis and a yield of 1.04%. Hingham Institution for Savings’s dividend payout ratio (DPR) is presently 23.86%.

Hedge Funds Weigh In On Hingham Institution for Savings

A number of hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its stake in shares of Hingham Institution for Savings by 24,231.0% in the 3rd quarter. International Assets Investment Management LLC now owns 437,958 shares of the savings and loans company’s stock valued at $1,065,600,000 after purchasing an additional 436,158 shares during the last quarter. Maren Capital LLC increased its stake in shares of Hingham Institution for Savings by 4.1% in the 3rd quarter. Maren Capital LLC now owns 162,887 shares of the savings and loans company’s stock valued at $39,632,000 after purchasing an additional 6,416 shares during the last quarter. Doma Perpetual Capital Management LLC increased its stake in shares of Hingham Institution for Savings by 120.9% in the 2nd quarter. Doma Perpetual Capital Management LLC now owns 85,568 shares of the savings and loans company’s stock valued at $15,306,000 after purchasing an additional 46,834 shares during the last quarter. State Street Corp increased its stake in shares of Hingham Institution for Savings by 40.1% in the 3rd 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. Finally, Geode Capital Management LLC increased its stake 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 valued at $9,635,000 after purchasing an additional 617 shares during the last quarter. Institutional investors own 49.33% of the company’s stock.

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.