Hingham Institution for Savings (NASDAQ:HIFS) Shares Cross Below 200-Day Moving Average of $254.17

Shares of Hingham Institution for Savings (NASDAQ:HIFS – Get Rating) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $254.17 and traded as low as $197.95. Hingham Institution for Savings shares last traded at $200.01, with a volume of 24,329 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Hingham Institution for Savings in a report on Thursday, March 16th. They issued a “sell” rating on the stock.

Hingham Institution for Savings Trading Down 2.7 %

The company’s 50-day moving average is $207.87 and its 200-day moving average is $254.17. The stock has a market capitalization of $430.02 million, a price-to-earnings ratio of 12.88 and a beta of 0.89. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.85.

Hingham Institution for Savings (NASDAQ:HIFS – Get Rating) last issued its quarterly earnings results on Thursday, April 13th. The savings and loans company reported $2.61 EPS for the quarter. Hingham Institution for Savings had a net margin of 25.02% and a return on equity of 12.15%. The company had revenue of $18.74 million during the quarter.

Hingham Institution for Savings Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 10th. Shareholders of record on Monday, May 1st were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, April 28th. This represents a $2.52 annualized dividend and a yield of 1.26%. Hingham Institution for Savings’s dividend payout ratio is presently 16.23%.

Institutional Trading of Hingham Institution for Savings

A number of hedge funds have recently added to or reduced their stakes in HIFS. Belpointe Asset Management LLC purchased a new position in shares of Hingham Institution for Savings during the 4th quarter worth approximately $28,000. Barclays PLC grew its position in Hingham Institution for Savings by 533.9% in the 4th quarter. Barclays PLC now owns 393 shares of the savings and loans company’s stock worth $108,000 after purchasing an additional 331 shares during the last quarter. Advisor Group Holdings Inc. raised its stake in shares of Hingham Institution for Savings by 894.4% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,432 shares of the savings and loans company’s stock worth $115,000 after buying an additional 1,288 shares in the last quarter. SG Americas Securities LLC grew its position in Hingham Institution for Savings by 17.8% during the 1st quarter. SG Americas Securities LLC now owns 550 shares of the savings and loans company’s stock worth $128,000 after purchasing an additional 83 shares in the last quarter. Finally, Deutsche Bank AG increased its position in Hingham Institution for Savings by 14.0% in the 4th quarter. Deutsche Bank AG now owns 683 shares of the savings and loans company’s stock worth $188,000 after purchasing an additional 84 shares during the last quarter. 36.93% of the stock is owned by institutional investors and hedge funds.

Hingham Institution for Savings Company Profile

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Hingham Institution for Savings provides community banking services. It engages in the business of commercial and residential real estate mortgage lending, funded by retail deposits, wholesale deposits and borrowings. The company was founded in 1834 and is headquartered in Hingham, MA.