Hingham Institution for Savings (NASDAQ:HIFS) Shares Cross 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 $255.25 and traded as high as $272.50. Hingham Institution for Savings shares last traded at $271.80, with a volume of 21,324 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Hingham Institution for Savings from a “sell” rating to a “hold” rating in a research report on Monday, January 13th.

Hingham Institution for Savings Price Performance

The stock has a market capitalization of $584.37 million, a PE ratio of 21.18 and a beta of 1.02. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.57 and a quick ratio of 1.57. The stock’s fifty day moving average is $257.82 and its 200-day moving average is $255.25.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its earnings results on Friday, January 17th. The savings and loans company reported $2.16 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a net margin of 12.97% and a return on equity of 2.95%.

Hingham Institution for Savings Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, January 6th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.93%. Hingham Institution for Savings’s dividend payout ratio (DPR) is 19.64%.

Hedge Funds Weigh In On Hingham Institution for Savings

A number of large investors have recently added to or reduced their stakes in HIFS. International Assets Investment Management LLC grew its stake in Hingham Institution for Savings by 24,231.0% during the 3rd quarter. International Assets Investment Management LLC now owns 437,958 shares of the savings and loans company’s stock valued at $1,065,600,000 after acquiring an additional 436,158 shares in the last quarter. Maren Capital LLC boosted its holdings in shares of Hingham Institution for Savings by 4.1% during the 3rd quarter. Maren Capital LLC now owns 162,887 shares of the savings and loans company’s stock worth $39,632,000 after purchasing an additional 6,416 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Hingham Institution for Savings by 3.7% in the fourth quarter. Vanguard Group Inc. now owns 104,161 shares of the savings and loans company’s stock valued at $26,471,000 after purchasing an additional 3,717 shares in the last quarter. State Street Corp grew its position in shares of Hingham Institution for Savings by 40.1% in the third quarter. State Street Corp now owns 52,434 shares of the savings and loans company’s stock valued at $12,758,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Hingham Institution for Savings by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 40,107 shares of the savings and loans company’s stock valued at $10,196,000 after purchasing an additional 517 shares during the last quarter. 49.33% of the stock is currently owned by institutional investors and hedge funds.

About Hingham Institution for Savings

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.