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

Hingham Institution for Savings (NASDAQ:HIFS) shares saw strong trading volume on Tuesday . 13,359 shares changed hands during mid-day trading, an increase of 26% from the previous session’s volume of 10,591 shares.The stock last traded at $250.00 and had previously closed at $240.18.

Analyst Upgrades and Downgrades

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

Hingham Institution for Savings Trading Up 0.3 %

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 stock has a market capitalization of $547.82 million, a price-to-earnings ratio of 19.86 and a beta of 1.02. The business has a 50 day simple moving average of $263.20 and a 200-day simple moving average of $250.14.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its earnings results on Friday, January 17th. The savings and loans company reported $2.16 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a return on equity of 2.95% and a net margin of 12.97%.

Hingham Institution for Savings Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, January 6th were given a dividend of $0.63 per share. The ex-dividend date was Monday, January 6th. This represents a $2.52 annualized dividend and a dividend yield of 0.99%. Hingham Institution for Savings’s dividend payout ratio is currently 19.64%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HIFS. Rhumbline Advisers boosted its position in shares of Hingham Institution for Savings by 4.0% during the second quarter. Rhumbline Advisers now owns 2,350 shares of the savings and loans company’s stock worth $420,000 after buying an additional 90 shares during the period. American Century Companies Inc. boosted its position in Hingham Institution for Savings by 35.4% during the second quarter. American Century Companies Inc. now owns 12,369 shares of the savings and loans company’s stock valued at $2,213,000 after purchasing an additional 3,231 shares during the last quarter. AQR Capital Management LLC boosted its position in Hingham Institution for Savings by 1.1% during the second quarter. AQR Capital Management LLC now owns 4,719 shares of the savings and loans company’s stock valued at $844,000 after purchasing an additional 51 shares during the last quarter. Doma Perpetual Capital Management LLC boosted its position in Hingham Institution for Savings by 120.9% during the second 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. Finally, SG Americas Securities LLC acquired a new position in Hingham Institution for Savings during the third quarter valued at approximately $248,000. 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.