Hingham Institution for Savings (NASDAQ:HIFS – Get Rating) announced a quarterly dividend on Monday, November 21st, Zacks reports. Shareholders of record on Monday, January 2nd will be paid a dividend of 1.38 per share by the savings and loans company on Wednesday, January 11th. This represents a $5.52 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, December 29th. This is a boost from Hingham Institution for Savings’s previous quarterly dividend of $0.61.
Hingham Institution for Savings has increased its dividend payment by an average of 13.8% annually over the last three years and has raised its dividend annually for the last 13 consecutive years.
Hingham Institution for Savings Stock Up 4.0 %
Shares of NASDAQ:HIFS opened at $270.32 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 3.10. Hingham Institution for Savings has a 12 month low of $242.99 and a 12 month high of $432.19. The firm has a market cap of $581.19 million, a P/E ratio of 14.11 and a beta of 0.91. The company’s 50-day moving average price is $257.49 and its two-hundred day moving average price is $284.09.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Holdings Inc. boosted its stake in Hingham Institution for Savings by 894.4% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,432 shares of the savings and loans company’s stock worth $115,000 after acquiring an additional 1,288 shares during the last quarter. Credit Suisse AG lifted its stake in Hingham Institution for Savings by 16.7% in the third quarter. Credit Suisse AG now owns 972 shares of the savings and loans company’s stock valued at $245,000 after buying an additional 139 shares in the last quarter. MetLife Investment Management LLC lifted its stake in Hingham Institution for Savings by 53.5% in the first quarter. MetLife Investment Management LLC now owns 726 shares of the savings and loans company’s stock valued at $249,000 after buying an additional 253 shares in the last quarter. Jane Street Group LLC bought a new position in Hingham Institution for Savings in the first quarter valued at approximately $254,000. Finally, UBS Asset Management Americas Inc. bought a new position in Hingham Institution for Savings in the second quarter valued at approximately $283,000.
Analysts Set New Price Targets
Several brokerages have recently issued reports on HIFS. TheStreet lowered shares of Hingham Institution for Savings from a “b-” rating to a “c+” rating in a research note on Friday, September 30th. StockNews.com assumed coverage on shares of Hingham Institution for Savings in a research note on Wednesday, October 12th. They set a “sell” rating on the stock.
Hingham Institution for Savings Company Profile
Hingham Institution for Savings provides various financial products and services to individuals and businesses in the United States. It offers savings, checking, money market, demand deposit, and negotiable order of withdrawal accounts, as well as certificates of deposit. The company also provides commercial and residential real estate, construction, home equity, commercial, and consumer loans.
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