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

Shares of Hingham Institution for Savings (NASDAQ:HIFS) saw unusually-strong trading volume on Monday . Approximately 11,972 shares changed hands during trading, an increase of 1% from the previous session’s volume of 11,899 shares.The stock last traded at $262.11 and had previously closed at $264.00.

Wall Street Analyst Weigh In

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

Hingham Institution for Savings Stock Performance

The firm has a fifty day moving average price of $257.87 and a 200 day moving average price of $255.00. The firm has a market capitalization of $594.37 million, a PE ratio of 21.55 and a beta of 1.02. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.57 and a quick ratio of 1.57.

Hingham Institution for Savings (NASDAQ:HIFS) last released its quarterly 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 net margin of 12.97% and a return on equity of 2.95%.

Hingham Institution for Savings Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, January 6th were issued a $0.63 dividend. The ex-dividend date was Monday, January 6th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.91%. Hingham Institution for Savings’s payout ratio is currently 19.64%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HIFS. Copeland Capital Management LLC acquired a new stake in Hingham Institution for Savings during the 3rd quarter worth about $61,000. FMR LLC lifted its position in shares of Hingham Institution for Savings by 27.0% in the third quarter. FMR LLC now owns 419 shares of the savings and loans company’s stock worth $102,000 after purchasing an additional 89 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of Hingham Institution for Savings during the fourth quarter worth approximately $204,000. Wallace Capital Management Inc. purchased a new position in Hingham Institution for Savings during the third quarter valued at approximately $219,000. Finally, Quantbot Technologies LP grew its position in Hingham Institution for Savings by 49.1% during the third quarter. Quantbot Technologies LP now owns 950 shares of the savings and loans company’s stock valued at $231,000 after purchasing an additional 313 shares in the last quarter. Hedge funds and other institutional investors own 49.33% of the company’s stock.

About Hingham Institution for Savings

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.