Hingham Institution for Savings (NASDAQ:HIFS) Announces Dividend Increase – $1.30 Per Share

Hingham Institution for Savings (NASDAQ:HIFS) announced a None dividend on Tuesday, November 23rd, Zacks reports. Shareholders of record on Monday, January 3rd will be paid a dividend of 1.30 per share by the savings and loans company on Wednesday, January 12th. The ex-dividend date is Friday, December 31st. This is an increase from Hingham Institution for Savings’s previous None dividend of $1.17.

Hingham Institution for Savings has increased its dividend by 67.7% over the last three years and has increased its dividend every year for the last 14 years.

Shares of HIFS opened at $401.26 on Thursday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $854.68 million, a price-to-earnings ratio of 13.00 and a beta of 0.95. The company’s 50 day simple moving average is $355.61 and its 200 day simple moving average is $319.54. Hingham Institution for Savings has a 1 year low of $210.76 and a 1 year high of $404.00.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its quarterly earnings data on Wednesday, October 13th. The savings and loans company reported $6.36 earnings per share (EPS) for the quarter. The business had revenue of $26.12 million for the quarter. Hingham Institution for Savings had a net margin of 53.81% and a return on equity of 17.50%.

A number of hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its position in Hingham Institution for Savings by 10.3% during the third quarter. Bank of New York Mellon Corp now owns 9,304 shares of the savings and loans company’s stock worth $3,132,000 after purchasing an additional 865 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in Hingham Institution for Savings by 144.9% during the third quarter. BNP Paribas Arbitrage SA now owns 360 shares of the savings and loans company’s stock worth $121,000 after purchasing an additional 213 shares during the last quarter. Millennium Management LLC acquired a new position in Hingham Institution for Savings during the third quarter worth approximately $249,000. Citadel Advisors LLC increased its position in shares of Hingham Institution for Savings by 14.1% in the third quarter. Citadel Advisors LLC now owns 2,171 shares of the savings and loans company’s stock worth $731,000 after acquiring an additional 268 shares in the last quarter. Finally, Morgan Stanley increased its position in shares of Hingham Institution for Savings by 90.4% in the second quarter. Morgan Stanley now owns 9,510 shares of the savings and loans company’s stock worth $2,762,000 after acquiring an additional 4,514 shares in the last quarter.

About Hingham Institution for Savings

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.

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Dividend History for Hingham Institution for Savings (NASDAQ:HIFS)

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