Hingham Institution for Savings (NASDAQ:HIFS) sets new 12-month low at $270.50


Shares of the Hingham Institution for Savings (NASDAQ:HIFS – Get Rating) hit a new 52-week low on Friday. The stock traded as low as $270.50 and last traded at $281.95, with a volume of 13,063 shares traded in hands. The stock had previously closed at $276.00.

Separately, StockNews.com reduced shares of Hingham Institution for Savings from a “hold” rating to a “sell” rating in a Monday, May 23 research report.

The company has a debt ratio of 2.37, a current ratio of 1.33 and a quick ratio of 1.33. The company’s 50-day moving average price is $310.90 and its 200-day moving average price is $349.80.

Hingham Institution for Savings (NASDAQ:HIFS – Get Rating) last released its results on Thursday, April 14. The savings and loan company reported earnings per share (EPS) of $6.85 for the quarter. The company had revenue of $24.30 million for the quarter. Hingham Institution for Savings posted a net margin of 51.86% and a return on equity of 16.69%.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 11. Shareholders of record on Monday, May 2 received a dividend of $0.57. This represents an annualized dividend of $2.28 and a dividend yield of 0.81%. The ex-dividend date was Friday, April 29. This is a positive change from Hingham Institution for Savings’ previous quarterly dividend of $0.53. Hingham Institution for Savings’ dividend payout ratio (DPR) is 7.98%.

A number of institutional investors have recently increased or reduced their stake in HIFS. Dorsey Wright & Associates bought a new position in Hingham Institution for Savings during Q1 worth around $40,000. Nisa Investment Advisors LLC increased its stake in Hingham Institution for Savings by 28.1% in the first quarter. Nisa Investment Advisors LLC now owns 205 shares in the savings and loan company valued at $70,000 after buying 45 more shares in the last quarter. Advisor Group Holdings Inc. increased its stake in Hingham Institution for Savings by 894.4% in the first quarter. Advisor Group Holdings Inc. now owns 1,432 shares of the savings and loan company valued at $115,000 after buying 1,288 additional shares last quarter. Allspring Global Investments Holdings LLC bought a new position in Hingham Institution for Savings in the first quarter, valued at around $149,000. Finally, Old Port Advisors bought a new position in Hingham Institution for Savings in the fourth quarter worth about $212,000.

About the Hingham Institution for Savings (NASDAQ:HIFS)

Hingham Institution for Savings offers various financial products and services to individuals and businesses in the United States. It offers savings, checking, money market, demand deposit and negotiable withdrawal order accounts, as well as certificates of deposit. The Company also offers commercial and residential real estate, construction loans, real estate loans, commercial loans and consumer loans.

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