StockNews.com cut shares by Hingham Institution for Savings (NASDAQ:HIFS – Get a Rating) from a hold rating to a sell rating in a research report sent to investors on Friday morning.
NASDAQ:HIFS shares opened at $323.07 on Friday. The company has a debt ratio of 1.88, a quick ratio of 1.26 and a current ratio of 1.26. The company has a fifty-day simple moving average of $345.37 and a 200-day simple moving average of $370.11. Hingham Institution for Savings has a 12 month minimum of $279.56 and a 12 month maximum of $432.19.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 11. Shareholders of record on Monday, May 2 will receive a dividend of $0.57 per share. This is a positive change from Hingham Institution for Savings’ previous quarterly dividend of $0.53. The ex-dividend date is Friday, April 29. This represents an annualized dividend of $2.28 and a yield of 0.71%. Hingham Institution for Savings’ payout ratio is currently 7.70%.
A number of hedge funds have recently increased or reduced their holdings in HIFS. Dorsey Wright & Associates bought a new stake in Hingham Institution for Savings during the first quarter for $40,000. Citigroup Inc. increased its stake in Hingham Institution for Savings by 144.9% during the third quarter. Citigroup Inc. now owns 169 shares of the savings and loan company valued at $57,000 after buying 100 more shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Hingham Institution for Savings by 28.1% during the first quarter. Nisa Investment Advisors LLC now owns 205 shares of the savings and loan company valued at $70,000 after buying 45 additional shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Hingham Institution for Savings by 144.9% during the third quarter. BNP Paribas Arbitrage SA now owns 360 shares in the savings and loan company valued at $121,000 after buying 213 additional shares in the last quarter. Finally, Legal & General Group Plc increased its stake in Hingham Institution for Savings by 286.8% during the fourth quarter. Legal & General Group Plc now owns 468 shares in the savings and loan company valued at $196,000 after buying 347 more shares in the last quarter.
About the Hingham Institution for Savings (Get a rating)
Hingham Institution for Savings offers various financial products and services to individuals and businesses in the United States. It offers savings, checking, money market, demand deposit and negotiable withdrawal order accounts, as well as certificates of deposit. The Company also offers commercial and residential real estate, construction loans, real estate loans, commercial loans and consumer loans.
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