Hingham Institution for Savings (NASDAQ:HIFS) Shares Gap Down – Here’s Why

Shares of Hingham Institution for Savings (NASDAQ:HIFS) 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 changing hands.

Hingham Institution for Savings Trading Down 1.7 %

The company has a 50 day moving average of $270.38 and a 200 day moving average of $244.97. The firm has a market cap of $535.68 million, a price-to-earnings ratio of 23.63 and a beta of 1.02. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.63.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its earnings results on Friday, October 11th. The savings and loans company reported $1.44 earnings per share (EPS) for the quarter. The business had revenue of $15.21 million during the quarter. Hingham Institution for Savings had a net margin of 10.95% and a return on equity of 2.27%.

Hingham Institution for Savings Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, January 6th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Monday, January 6th. Hingham Institution for Savings’s dividend payout ratio (DPR) is currently 23.86%.

Institutional Trading of Hingham Institution for Savings

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its position in Hingham Institution for Savings by 13.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,732 shares of the savings and loans company’s stock worth $1,025,000 after buying an additional 681 shares in the last quarter. Rhumbline Advisers lifted 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 worth $420,000 after purchasing an additional 90 shares in the last quarter. Anchor Capital Advisors LLC grew its stake in shares of Hingham Institution for Savings by 8.3% during 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 during the last quarter. American Century Companies Inc. increased its holdings in shares of 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 valued at $2,213,000 after purchasing an additional 3,231 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in Hingham Institution for Savings by 1.1% in the 2nd quarter. AQR Capital Management LLC now owns 4,719 shares of the savings and loans company’s stock worth $844,000 after purchasing an additional 51 shares during the last quarter. 49.33% of the stock is currently owned by institutional investors and hedge funds.

Hingham Institution for Savings Company Profile

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.