Hingham Institution for Savings (NASDAQ:HIFS) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Hingham Institution for Savings (NASDAQ:HIFS) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $278.31 and traded as high as $317.93. Hingham Institution for Savings shares last traded at $310.07, with a volume of 54,171 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Hingham Institution for Savings Stock Performance

The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.31. The business has a fifty day simple moving average of $288.73 and a two-hundred day simple moving average of $278.31.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its earnings results on Friday, January 16th. The savings and loans company reported $4.54 EPS for the quarter. The business had revenue of $35.02 million during the quarter. Hingham Institution for Savings had a net margin of 23.04% and a return on equity of 7.16%.

Hingham Institution for Savings Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, January 5th were issued a $0.70 dividend. The ex-dividend date was Monday, January 5th. This represents a yield of 85.0%. Hingham Institution for Savings’s dividend payout ratio is presently 10.18%.

Hingham Institution for Savings declared that its board has authorized a share buyback program on Friday, December 5th that allows the company to repurchase $20.00 million in outstanding shares. This repurchase authorization allows the savings and loans company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Hingham Institution for Savings

A number of large investors have recently made changes to their positions in HIFS. AlphaQuest LLC boosted its stake in Hingham Institution for Savings by 74.0% during the second quarter. AlphaQuest LLC now owns 2,226 shares of the savings and loans company’s stock worth $553,000 after buying an additional 947 shares during the last quarter. Hennessy Advisors Inc. raised its holdings in shares of Hingham Institution for Savings by 100.0% during the 2nd quarter. Hennessy Advisors Inc. now owns 12,000 shares of the savings and loans company’s stock worth $2,980,000 after acquiring an additional 6,000 shares during the period. De Lisle Partners LLP raised its holdings in shares of Hingham Institution for Savings by 5.3% during the 2nd quarter. De Lisle Partners LLP now owns 27,259 shares of the savings and loans company’s stock worth $6,780,000 after acquiring an additional 1,360 shares during the period. Quantbot Technologies LP boosted its position in shares of Hingham Institution for Savings by 263.0% during the 2nd quarter. Quantbot Technologies LP now owns 6,105 shares of the savings and loans company’s stock valued at $1,516,000 after acquiring an additional 4,423 shares during the last quarter. Finally, Maren Capital LLC boosted its position in shares of Hingham Institution for Savings by 4.6% during the 2nd quarter. Maren Capital LLC now owns 200,131 shares of the savings and loans company’s stock valued at $49,702,000 after acquiring an additional 8,736 shares during the last quarter. 49.33% of the stock is currently owned by hedge funds and other institutional investors.

Hingham Institution for Savings Company Profile

Hingham Institution for Savings is a mutual savings bank headquartered in Hingham, Massachusetts. Founded in 1834, the bank combines the community-oriented focus of a mutual institution with the transparency and oversight associated with a publicly traded company under the NASDAQ ticker HIFS.

The institution’s core activities include deposit and lending services tailored to individuals and businesses. Deposit offerings encompass checking and savings accounts, money market accounts, certificates of deposit and individual retirement accounts, supported by online and mobile banking platforms.