Hingham Institution for Savings (NASDAQ:HIFS) Stock Price Crosses Above Two Hundred Day Moving Average of $173.51

Hingham Institution for Savings (NASDAQ:HIFS)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $173.51 and traded as high as $177.01. Hingham Institution for Savings shares last traded at $177.01, with a volume of 12,975 shares.

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.

Hingham Institution for Savings Trading Up 1.0 %

The firm has a market capitalization of $380.04 million, a P/E ratio of 15.69 and a beta of 1.02. The business’s 50-day moving average is $168.12 and its 200 day moving average is $173.51. The company has a debt-to-equity ratio of 4.15, a current ratio of 1.66 and a quick ratio of 1.66.

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

Hingham Institution for Savings Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.52 annualized dividend and a yield of 1.42%. Hingham Institution for Savings’s payout ratio is 22.34%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Copeland Capital Management LLC increased its stake in shares of Hingham Institution for Savings by 97.6% in the 4th quarter. Copeland Capital Management LLC now owns 168 shares of the savings and loans company’s stock valued at $33,000 after acquiring an additional 83 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Hingham Institution for Savings by 161.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 395 shares of the savings and loans company’s stock valued at $77,000 after buying an additional 244 shares during the period. SG Americas Securities LLC bought a new position in Hingham Institution for Savings during the third quarter valued at about $128,000. SeaCrest Wealth Management LLC bought a new position in Hingham Institution for Savings during the fourth quarter worth about $200,000. Finally, First National Bank Sioux Falls bought a new position in Hingham Institution for Savings during the first quarter worth about $215,000. 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.