Hingham Institution for Savings (NASDAQ:HIFS) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Hingham Institution for Savings (NASDAQ:HIFS) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $290.07 and traded as low as $283.56. Hingham Institution for Savings shares last traded at $285.36, with a volume of 19,158 shares.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HIFS. Wall Street Zen downgraded Hingham Institution for Savings from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings raised shares of Hingham Institution for Savings from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Hingham Institution for Savings Trading Up 0.2%

The company has a market cap of $622.66 million, a PE ratio of 12.51 and a beta of 0.84. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.93. The business has a 50-day simple moving average of $285.34 and a 200-day simple moving average of $290.07.

Hingham Institution for Savings (NASDAQ:HIFS) last released its earnings results on Friday, April 17th. The savings and loans company reported $4.79 earnings per share for the quarter. The company had revenue of $22.43 million during the quarter. Hingham Institution for Savings had a return on equity of 7.89% and a net margin of 21.17%.

Hingham Institution for Savings Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Monday, May 4th were issued a $0.63 dividend. The ex-dividend date of this dividend was Monday, May 4th. This represents a $2.52 annualized dividend and a yield of 0.9%. Hingham Institution for Savings’s dividend payout ratio (DPR) is 11.05%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC boosted its stake in Hingham Institution for Savings by 46.3% in the first quarter. Parallel Advisors LLC now owns 139 shares of the savings and loans company’s stock valued at $40,000 after acquiring an additional 44 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Hingham Institution for Savings during the third quarter worth about $41,000. Comerica Bank acquired a new stake in shares of Hingham Institution for Savings during the fourth quarter worth about $43,000. Fifth Third Bancorp purchased a new stake in shares of Hingham Institution for Savings in the 1st quarter valued at about $44,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Hingham Institution for Savings in the 4th quarter valued at about $85,000. 49.33% of the stock is owned by institutional investors and hedge funds.

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.