Hingham Institution for Savings (NASDAQ:HIFS) Sees Unusually-High Trading Volume – What’s Next?

Shares of Hingham Institution for Savings (NASDAQ:HIFS) saw unusually-strong trading volume on Friday . Approximately 9,844 shares traded hands during trading, a decline of 26% from the previous session’s volume of 13,251 shares.The stock last traded at $259.87 and had previously closed at $258.96.

Analysts Set New Price Targets

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

Hingham Institution for Savings Trading Down 0.2 %

The stock has a 50 day moving average of $261.42 and a 200 day moving average of $252.60. 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 firm has a market cap of $556.58 million, a P/E ratio of 20.18 and a beta of 1.02.

Hingham Institution for Savings (NASDAQ:HIFS) last announced 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 2.95% and a net margin of 12.97%.

Hingham Institution for Savings Dividend Announcement

The firm also recently declared 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. This represents a $2.52 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Monday, January 6th. Hingham Institution for Savings’s dividend payout ratio (DPR) is presently 19.64%.

Institutional Investors Weigh In On Hingham Institution for Savings

A number of institutional investors have recently made changes to their positions in HIFS. SG Americas Securities LLC lifted its stake in Hingham Institution for Savings by 19.8% in the fourth quarter. SG Americas Securities LLC now owns 1,223 shares of the savings and loans company’s stock worth $311,000 after purchasing an additional 202 shares during the last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of Hingham Institution for Savings in the 4th quarter valued at about $204,000. JPMorgan Chase & Co. lifted its stake in shares of Hingham Institution for Savings by 508.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,163 shares of the savings and loans company’s stock valued at $1,256,000 after acquiring an additional 4,314 shares during the last quarter. Barclays PLC boosted its holdings in Hingham Institution for Savings by 477.9% during the 3rd quarter. Barclays PLC now owns 3,063 shares of the savings and loans company’s stock valued at $746,000 after acquiring an additional 2,533 shares during the period. Finally, Geode Capital Management LLC grew its position in Hingham Institution for Savings by 1.6% during 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 acquiring an additional 617 shares during the last quarter. Hedge funds and other 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.