Hingham Institution for Savings (NASDAQ:HIFS) Short Interest Update

Hingham Institution for Savings (NASDAQ:HIFS) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 160,600 shares, a decline of 5.4% from the August 15th total of 169,700 shares. Based on an average trading volume of 18,300 shares, the days-to-cover ratio is currently 8.8 days. Currently, 10.0% of the shares of the company are short sold.

Hingham Institution for Savings Stock Up 3.1 %

HIFS opened at $249.55 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 3.95. The stock has a market cap of $535.78 million, a price-to-earnings ratio of 26.55 and a beta of 1.00. Hingham Institution for Savings has a twelve month low of $147.01 and a twelve month high of $261.00. The company’s 50-day moving average price is $234.98 and its two-hundred day moving average price is $194.46.

Hingham Institution for Savings (NASDAQ:HIFS) last released its earnings results on Friday, July 12th. The savings and loans company reported $1.00 earnings per share for the quarter. The firm had revenue of $13.10 million for the quarter. Hingham Institution for Savings had a net margin of 10.10% and a return on equity of 2.23%.

Hingham Institution for Savings Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 7th. Stockholders of record on Monday, July 29th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Monday, July 29th. Hingham Institution for Savings’s dividend payout ratio (DPR) is currently 26.81%.

Institutional Trading of Hingham Institution for Savings

Hedge funds and other institutional investors have recently modified their holdings of the business. First National Bank Sioux Falls bought a new stake in shares of Hingham Institution for Savings in the first quarter valued at approximately $215,000. Price T Rowe Associates Inc. MD raised its position in shares of Hingham Institution for Savings by 8.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,286 shares of the savings and loans company’s stock valued at $225,000 after purchasing an additional 101 shares during the period. Rhumbline Advisers raised its position in shares of Hingham Institution for Savings by 4.0% in the second quarter. Rhumbline Advisers now owns 2,350 shares of the savings and loans company’s stock valued at $420,000 after purchasing an additional 90 shares during the period. AQR Capital Management LLC raised its position in shares of Hingham Institution for Savings by 1.1% in the second quarter. AQR Capital Management LLC now owns 4,719 shares of the savings and loans company’s stock valued at $844,000 after purchasing an additional 51 shares during the period. Finally, Anchor Capital Advisors LLC raised its position in shares of Hingham Institution for Savings by 2.6% in the first quarter. Anchor Capital Advisors LLC now owns 4,960 shares of the savings and loans company’s stock valued at $865,000 after purchasing an additional 124 shares during the period. 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.