Hingham Institution for Savings (NASDAQ:HIFS) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Hingham Institution for Savings (NASDAQ:HIFS) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $278.31 and traded as high as $317.93. Hingham Institution for Savings shares last traded at $310.07, with a volume of 54,171 shares trading hands.

Analyst Upgrades and Downgrades

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

Hingham Institution for Savings Stock Down 2.0%

The company has a debt-to-equity ratio of 3.31, a quick ratio of 1.57 and a current ratio of 1.57. The firm’s fifty day moving average price is $288.73 and its two-hundred day moving average price is $278.31.

Hingham Institution for Savings (NASDAQ:HIFS) last released its quarterly earnings results on Friday, January 16th. The savings and loans company reported $4.54 EPS for the quarter. Hingham Institution for Savings had a net margin of 23.04% and a return on equity of 7.16%. The company had revenue of $35.02 million for the quarter.

Hingham Institution for Savings Announces Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, January 5th were given a dividend of $0.70 per share. The ex-dividend date was Monday, January 5th. This represents a dividend yield of 85.0%. Hingham Institution for Savings’s dividend payout ratio (DPR) is 10.18%.

Hingham Institution for Savings announced that its board has approved a share buyback 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 purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Hingham Institution for Savings

A number of hedge funds have recently bought and sold shares of the business. RFG Bristol Wealth Advisors LLC increased its position in shares of Hingham Institution for Savings by 126.5% in the fourth quarter. RFG Bristol Wealth Advisors LLC now owns 2,562 shares of the savings and loans company’s stock valued at $728,000 after buying an additional 1,431 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of Hingham Institution for Savings during the 4th quarter valued at approximately $102,000. SG Americas Securities LLC lifted its position in shares of Hingham Institution for Savings by 23.0% during the 4th quarter. SG Americas Securities LLC now owns 1,742 shares of the savings and loans company’s stock valued at $495,000 after buying an additional 326 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Hingham Institution for Savings by 100.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,727 shares of the savings and loans company’s stock valued at $719,000 after acquiring an additional 1,369 shares during the period. Finally, Liontrust Investment Partners LLP purchased a new stake in Hingham Institution for Savings in the 3rd quarter worth $2,009,000. Hedge funds and other institutional investors own 49.33% of the company’s stock.

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.