Hingham Institution for Savings (NASDAQ:HIFS) Declares $0.63 Quarterly Dividend

Hingham Institution for Savings (NASDAQ:HIFS) announced a quarterly dividend on Wednesday, June 24th. Stockholders of record on Monday, August 3rd will be given a dividend of 0.63 per share by the savings and loans company on Wednesday, August 12th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, August 3rd.

Hingham Institution for Savings has decreased its dividend by an average of 0.1%annually over the last three years.

Hingham Institution for Savings Trading Up 0.8%

NASDAQ:HIFS opened at $285.18 on Friday. Hingham Institution for Savings has a fifty-two week low of $235.17 and a fifty-two week high of $337.99. The company has a debt-to-equity ratio of 2.93, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market capitalization of $621.69 million, a PE ratio of 9.50 and a beta of 0.83. The business’s 50-day simple moving average is $291.25 and its 200-day simple moving average is $290.74.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its quarterly earnings data on Friday, July 17th. The savings and loans company reported $4.82 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a return on equity of 8.43% and a net margin of 25.94%.The business had revenue of $42.92 million during the quarter.

Institutional Trading of Hingham Institution for Savings

A number of institutional investors have recently modified their holdings of HIFS. Parallel Advisors LLC boosted its position in shares of Hingham Institution for Savings by 46.3% during the first quarter. Parallel Advisors LLC now owns 139 shares of the savings and loans company’s stock worth $40,000 after buying an additional 44 shares during the period. Bank of New York Mellon Corp raised its position in Hingham Institution for Savings by 0.7% in the 1st quarter. Bank of New York Mellon Corp now owns 7,014 shares of the savings and loans company’s stock valued at $2,005,000 after buying an additional 51 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in Hingham Institution for Savings by 33.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 206 shares of the savings and loans company’s stock valued at $58,000 after buying an additional 52 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Hingham Institution for Savings by 8.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 961 shares of the savings and loans company’s stock valued at $229,000 after acquiring an additional 75 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in Hingham Institution for Savings by 11.2% in the 1st quarter. Royal Bank of Canada now owns 793 shares of the savings and loans company’s stock valued at $226,000 after acquiring an additional 80 shares in the last quarter. 49.33% of the stock is currently owned by 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.