Hingham Institution for Savings (NASDAQ:HIFS) Shares Gap Down – What’s Next?

Hingham Institution for Savings (NASDAQ:HIFS) shares gapped down prior to trading on Tuesday . The stock had previously closed at $253.82, but opened at $248.00. Hingham Institution for Savings shares last traded at $248.48, with a volume of 4,909 shares.

Hingham Institution for Savings Price Performance

The company has a market cap of $535.68 million, a PE ratio of 23.63 and a beta of 1.02. The stock has a fifty day moving average price of $270.38 and a 200-day moving average price of $244.97. 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 announced its quarterly earnings results on Friday, October 11th. The savings and loans company reported $1.44 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a return on equity of 2.27% and a net margin of 10.95%. The business had revenue of $15.21 million during the quarter.

Hingham Institution for Savings Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, January 6th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $2.52 annualized dividend and a yield of 1.01%. Hingham Institution for Savings’s payout ratio is 23.86%.

Hedge Funds Weigh In On Hingham Institution for Savings

Several large investors have recently bought and sold shares of HIFS. Bank of New York Mellon Corp raised its holdings in Hingham Institution for Savings by 13.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,732 shares of the savings and loans company’s stock valued at $1,025,000 after acquiring an additional 681 shares in the last quarter. Rhumbline Advisers increased its position in shares of Hingham Institution for Savings by 4.0% during 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. Anchor Capital Advisors LLC raised its stake in shares of Hingham Institution for Savings by 8.3% in the second quarter. Anchor Capital Advisors LLC now owns 5,370 shares of the savings and loans company’s stock valued at $961,000 after purchasing an additional 410 shares in the last quarter. American Century Companies Inc. lifted its position in Hingham Institution for Savings by 35.4% in the second quarter. American Century Companies Inc. now owns 12,369 shares of the savings and loans company’s stock worth $2,213,000 after purchasing an additional 3,231 shares during the period. Finally, AQR Capital Management LLC boosted its stake in Hingham Institution for Savings by 1.1% during the second quarter. AQR Capital Management LLC now owns 4,719 shares of the savings and loans company’s stock worth $844,000 after buying an additional 51 shares in the last quarter. 49.33% of the stock is currently owned by institutional investors and hedge funds.

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.