Short Interest in Hingham Institution for Savings (NASDAQ:HIFS) Expands By 10.0%

Hingham Institution for Savings (NASDAQ:HIFS) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 190,100 shares, an increase of 10.0% from the March 31st total of 172,800 shares. Approximately 12.3% of the shares of the company are short sold. Based on an average daily volume of 16,400 shares, the short-interest ratio is presently 11.6 days.

Hingham Institution for Savings Stock Up 1.2 %

NASDAQ:HIFS opened at $175.00 on Tuesday. The company has a market cap of $376.25 million, a PE ratio of 15.51 and a beta of 1.02. Hingham Institution for Savings has a twelve month low of $147.01 and a twelve month high of $230.77. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 4.15. The company’s 50 day moving average is $168.55 and its two-hundred day moving average is $173.29.

Hingham Institution for Savings (NASDAQ:HIFS) last released its earnings results on Friday, April 12th. The savings and loans company reported $1.01 earnings per share for the quarter. The company had revenue of $15.33 million for the quarter. Hingham Institution for Savings had a net margin of 12.38% and a return on equity of 2.73%.

Hingham Institution for Savings Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Monday, May 6th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Friday, May 3rd. Hingham Institution for Savings’s dividend payout ratio (DPR) is currently 22.34%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Hingham Institution for Savings to a “sell” rating in a research report on Wednesday, April 17th.

Institutional Trading of Hingham Institution for Savings

Large investors have recently made changes to their positions in the business. Copeland Capital Management LLC boosted its holdings in shares of Hingham Institution for Savings by 97.6% in the 4th quarter. Copeland Capital Management LLC now owns 168 shares of the savings and loans company’s stock valued at $33,000 after acquiring an additional 83 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Hingham Institution for Savings by 161.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 395 shares of the savings and loans company’s stock valued at $77,000 after acquiring an additional 244 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Hingham Institution for Savings in the 3rd quarter valued at $128,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Hingham Institution for Savings in the 4th quarter valued at $200,000. Finally, First National Bank Sioux Falls purchased a new stake in shares of Hingham Institution for Savings in the 1st quarter valued at $215,000. 49.33% of the stock is owned by hedge funds and other institutional investors.

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.