Hingham Institution for Savings (NASDAQ:HIFS) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Hingham Institution for Savings (NASDAQ:HIFS) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $282.94 and traded as high as $312.00. Hingham Institution for Savings shares last traded at $300.89, with a volume of 79,064 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Hingham Institution for Savings in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Hingham Institution for Savings Trading Down 1.7%

The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.31. The company has a market cap of $655.94 million, a price-to-earnings ratio of 12.15 and a beta of 1.02. The firm has a 50-day moving average price of $297.05 and a 200 day moving average price of $282.94.

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

Hingham Institution for Savings Announces Dividend

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

Hingham Institution for Savings declared that its board has initiated 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 repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Hingham Institution for Savings

A number of institutional investors have recently modified their holdings of HIFS. Anchor Capital Advisors LLC lifted its holdings in Hingham Institution for Savings by 7.9% in the fourth quarter. Anchor Capital Advisors LLC now owns 5,797 shares of the savings and loans company’s stock worth $1,646,000 after acquiring an additional 423 shares during the last quarter. Moors & Cabot Inc. bought a new position in shares of Hingham Institution for Savings during the fourth quarter valued at approximately $201,000. Geode Capital Management LLC raised its position in shares of Hingham Institution for Savings by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 44,157 shares of the savings and loans company’s stock worth $12,542,000 after purchasing an additional 1,113 shares during the period. Mission Wealth Management LP bought a new stake in shares of Hingham Institution for Savings in the 4th quarter worth approximately $4,222,000. Finally, Comerica Bank bought a new stake in shares of Hingham Institution for Savings in the 4th quarter worth approximately $43,000. Institutional investors own 49.33% of the company’s stock.

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.