Stock Repurchase Plan Authorized by Hingham Institution for Savings (NASDAQ:HIFS)

Hingham Institution for Savings (NASDAQ:HIFS) announced that its board has initiated a share buyback program on Friday, December 5th, RTT News reports. The company plans to buyback $20.00 million in outstanding shares. This buyback authorization allows the savings and loans company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Hingham Institution for Savings in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Hingham Institution for Savings Stock Performance

Shares of Hingham Institution for Savings stock opened at $301.04 on Monday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.31. Hingham Institution for Savings has a 52-week low of $209.71 and a 52-week high of $320.00. The company has a 50 day moving average of $282.87 and a 200 day moving average of $266.70.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its quarterly earnings data on Friday, October 10th. The savings and loans company reported $3.86 EPS for the quarter. The company had revenue of $30.90 million for the quarter. Hingham Institution for Savings had a net margin of 19.77% and a return on equity of 6.04%.

Hingham Institution for Savings Announces Dividend

The firm also recently declared a special dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Monday, January 5th will be paid a $0.70 dividend. The ex-dividend date is Monday, January 5th. This represents a yield of 86.0%. Hingham Institution for Savings’s dividend payout ratio (DPR) is currently 12.27%.

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.