Hingham Institution for Savings (NASDAQ:HIFS) Shares Cross Above 200-Day Moving Average – What’s Next?

Shares of Hingham Institution for Savings (NASDAQ:HIFS) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $212.11 and traded as high as $262.47. Hingham Institution for Savings shares last traded at $253.52, with a volume of 13,857 shares.

Hingham Institution for Savings Stock Performance

The company has a market capitalization of $544.31 million, a price-to-earnings ratio of 26.97 and a beta of 1.00. The company has a debt-to-equity ratio of 3.95, a quick ratio of 1.62 and a current ratio of 1.62. The company’s fifty day simple moving average is $249.54 and its two-hundred day simple moving average is $212.11.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its quarterly earnings data on Friday, October 11th. The savings and loans company reported $1.44 earnings per share for the quarter. Hingham Institution for Savings had a net margin of 10.95% and a return on equity of 2.28%. The company had revenue of $15.21 million during the quarter.

Hingham Institution for Savings Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Stockholders of record on Monday, November 4th will be given a $0.63 dividend. The ex-dividend date is Monday, November 4th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.99%. Hingham Institution for Savings’s payout ratio is currently 26.81%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HIFS. International Assets Investment Management LLC lifted its position in Hingham Institution for Savings by 24,231.0% in the 3rd quarter. International Assets Investment Management LLC now owns 437,958 shares of the savings and loans company’s stock valued at $1,065,600,000 after purchasing an additional 436,158 shares during the last quarter. Maren Capital LLC grew its stake in shares of Hingham Institution for Savings by 19.7% in the 1st quarter. Maren Capital LLC now owns 148,217 shares of the savings and loans company’s stock worth $25,858,000 after purchasing an additional 24,432 shares during the last quarter. Doma Perpetual Capital Management LLC grew its stake in shares of Hingham Institution for Savings by 120.9% in the 2nd quarter. Doma Perpetual Capital Management LLC now owns 85,568 shares of the savings and loans company’s stock worth $15,306,000 after purchasing an additional 46,834 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Hingham Institution for Savings by 35.4% in the 2nd 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 last quarter. Finally, Kennedy Capital Management LLC grew its stake in shares of Hingham Institution for Savings by 235.3% in the 1st quarter. Kennedy Capital Management LLC now owns 11,396 shares of the savings and loans company’s stock worth $1,988,000 after purchasing an additional 7,997 shares during the last quarter. 49.33% of the stock is currently owned by 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.