Hingham Institution for Savings (NASDAQ:HIFS) Short Interest Update

Hingham Institution for Savings (NASDAQ:HIFS) saw a large decrease in short interest in July. As of July 31st, there was short interest totalling 184,200 shares, a decrease of 7.6% from the July 15th total of 199,300 shares. Currently, 11.5% of the company’s stock are sold short. Based on an average daily trading volume, of 14,800 shares, the short-interest ratio is presently 12.4 days.

Institutional Trading of Hingham Institution for Savings

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC grew its holdings in Hingham Institution for Savings by 1.1% during the second quarter. AQR Capital Management LLC now owns 4,719 shares of the savings and loans company’s stock worth $844,000 after acquiring an additional 51 shares during the period. Rhumbline Advisers grew its holdings in Hingham Institution for Savings by 4.0% during the second quarter. Rhumbline Advisers now owns 2,350 shares of the savings and loans company’s stock worth $420,000 after acquiring an additional 90 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Hingham Institution for Savings by 8.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,286 shares of the savings and loans company’s stock worth $225,000 after acquiring an additional 101 shares during the period. Anchor Capital Advisors LLC grew its holdings in Hingham Institution for Savings by 2.6% during the first quarter. Anchor Capital Advisors LLC now owns 4,960 shares of the savings and loans company’s stock worth $865,000 after acquiring an additional 124 shares during the period. Finally, Wade G W & Inc. grew its holdings in Hingham Institution for Savings by 6.1% during the fourth quarter. Wade G W & Inc. now owns 9,364 shares of the savings and loans company’s stock worth $1,820,000 after acquiring an additional 536 shares during the period. 49.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Hingham Institution for Savings to a “sell” rating in a research report on Saturday, May 4th.

Hingham Institution for Savings Stock Down 1.8 %

Shares of HIFS stock opened at $238.27 on Wednesday. The stock’s 50-day simple moving average is $205.29 and its 200-day simple moving average is $182.78. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.64 and a current ratio of 1.64. The firm has a market capitalization of $511.57 million, a PE ratio of 25.35 and a beta of 1.01. Hingham Institution for Savings has a fifty-two week low of $147.01 and a fifty-two week high of $257.86.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its quarterly earnings data on Friday, July 12th. The savings and loans company reported $1.00 earnings per share for the quarter. The business had revenue of $13.10 million for the quarter. Hingham Institution for Savings had a return on equity of 2.24% and a net margin of 10.10%.

Hingham Institution for Savings Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Monday, July 29th. Hingham Institution for Savings’s dividend payout ratio (DPR) is 26.81%.

Hingham Institution for Savings Company Profile

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.