Hingham Institution for Savings (NASDAQ:HIFS) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Hingham Institution for Savings (NASDAQ:HIFS)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $255.25 and traded as high as $272.50. Hingham Institution for Savings shares last traded at $271.80, with a volume of 21,324 shares changing hands.

Analyst Upgrades and Downgrades

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

Hingham Institution for Savings Price Performance

The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a fifty day simple moving average of $257.82 and a 200 day simple moving average of $255.25. The company has a market capitalization of $584.37 million, a PE ratio of 21.18 and a beta of 1.02.

Hingham Institution for Savings (NASDAQ:HIFS) last released its quarterly earnings data on Friday, January 17th. The savings and loans company reported $2.16 earnings per share for the quarter. Hingham Institution for Savings had a return on equity of 2.95% and a net margin of 12.97%.

Hingham Institution for Savings Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, January 6th were given a dividend of $0.63 per share. The ex-dividend date was Monday, January 6th. This represents a $2.52 annualized dividend and a yield of 0.93%. Hingham Institution for Savings’s dividend payout ratio (DPR) is presently 19.64%.

Institutional Investors Weigh In On Hingham Institution for Savings

Hedge funds have recently made changes to their positions in the stock. RFG Bristol Wealth Advisors LLC acquired a new stake in Hingham Institution for Savings in the fourth quarter worth about $287,000. Geode Capital Management LLC increased its position in shares of Hingham Institution for Savings by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 40,107 shares of the savings and loans company’s stock valued at $10,196,000 after acquiring an additional 517 shares during the period. Franklin Resources Inc. purchased a new position in Hingham Institution for Savings in the 4th quarter worth $377,000. JPMorgan Chase & Co. grew its stake in Hingham Institution for Savings by 73.9% during the 4th quarter. JPMorgan Chase & Co. now owns 8,980 shares of the savings and loans company’s stock valued at $2,282,000 after purchasing an additional 3,817 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Hingham Institution for Savings by 3.7% in the fourth quarter. Vanguard Group Inc. now owns 104,161 shares of the savings and loans company’s stock valued at $26,471,000 after purchasing an additional 3,717 shares during the period. 49.33% of the stock is currently owned by hedge funds and other institutional investors.

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.