Hingham Institution for Savings (NASDAQ:HIFS) Stock Spread up to $289.08


Hingham Institution for Savings (NASDAQ:HIFS – Get Rating) stock price rose ahead of Friday’s market open. The stock had previously closed at $289.08, but opened at $299.58. Shares of Hingham Institution for Savings last traded at $299.58, with a volume of 30 shares.

Analyst upgrades and downgrades

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

Hingham Institution for Savings Trading up 0.5%

The company has a 50-day moving average price of $297.07 and a 200-day moving average price of $330.54. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt ratio of 2.37. The company has a market capitalization of $617.72 million, a P/E ratio of 13.98 and a beta of 0.95.

Hingham Institution for Savings increases its dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 10. Investors of record on Monday, August 1 will receive a dividend of $0.59. This represents a dividend of $2.36 on an annualized basis and a yield of 0.81%. The ex-dividend date is Friday, July 29. This is a boost from Hingham Institution for Savings’ previous quarterly dividend of $0.57. Hingham Institution for Savings’ dividend payout rate is 10.99%.

Institutional investors weigh in on Hingham Institution for Savings

A number of large investors have recently increased or reduced their stakes in the company. Dorsey Wright & Associates bought a new position in Hingham Institution for Savings during Q1 worth $40,000. Amalgamated Bank bought a new position in Hingham Institution for Savings during Q1 worth $61,000. Nisa Investment Advisors LLC increased its position in Hingham Institution for Savings by 28.1% during the 1st quarter. Nisa Investment Advisors LLC now owns 205 shares of the savings and loan company worth $70,000 after buying 45 additional shares during the period. Heritage Financial Services LLC bought a new position in Hingham Institution for Savings during Q2 worth $89,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Hingham Institution for Savings during Q1 worth $149,000.

About the Hingham Institution for Savings

(Get an assessment)

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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