Hingham Institution for Savings (NASDAQ:HIFS) Stock Passes Below 200 Day Moving Average – Should You Sell?

Hingham Institution for Savings (NASDAQ:HIFS)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $276.97 and traded as low as $270.02. Hingham Institution for Savings shares last traded at $282.40, with a volume of 70,218 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Hingham Institution for Savings in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Hingham Institution for Savings Stock Up 3.0%

The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.31. The firm’s fifty day moving average is $286.17 and its two-hundred day moving average is $276.97.

Hingham Institution for Savings Dividend Announcement

The firm also recently announced a special dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, January 5th were paid a dividend of $0.70 per share. This represents a yield of 85.0%. The ex-dividend date of this dividend was Monday, January 5th. Hingham Institution for Savings’s dividend payout ratio (DPR) is 12.27%.

Hingham Institution for Savings announced that its Board of Directors has initiated a stock repurchase plan on Friday, December 5th that allows the company to buyback $20.00 million in outstanding shares. This buyback authorization allows the savings and loans company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Hingham Institution for Savings

Institutional investors have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd bought a new stake in shares of Hingham Institution for Savings during the third quarter valued at approximately $41,000. Inceptionr LLC purchased a new position in Hingham Institution for Savings during the third quarter valued at $202,000. RWA Wealth Partners LLC bought a new stake in Hingham Institution for Savings in the 3rd quarter valued at $204,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Hingham Institution for Savings in the 3rd quarter worth $211,000. Finally, Entropy Technologies LP bought a new position in shares of Hingham Institution for Savings during the 3rd quarter valued at about $211,000. 49.33% of the stock is owned by hedge funds and other institutional investors.

Hingham Institution for Savings Company Profile

Hingham Institution for Savings is a mutual savings bank headquartered in Hingham, Massachusetts. Founded in 1834, the bank combines the community-oriented focus of a mutual institution with the transparency and oversight associated with a publicly traded company under the NASDAQ ticker HIFS.

The institution’s core activities include deposit and lending services tailored to individuals and businesses. Deposit offerings encompass checking and savings accounts, money market accounts, certificates of deposit and individual retirement accounts, supported by online and mobile banking platforms.