Hingham Savings Institution (NASDAQ:HIFS – Get a rating) announced a quarterly dividend on Friday, October 14, Zacks reports. Investors of record on Tuesday November 1 will receive a dividend of 0.61 per share from the savings and loan company on Wednesday November 9. This represents an annualized dividend of $2.44 and a dividend yield of 0.98%. The ex-date of this dividend is Monday, October 31. This is an increase from Hingham Institution for Savings’ previous quarterly dividend of $0.59.
Hingham Institution for Savings has increased its dividend by an average of 13.8% per year for the past three years and has increased its dividend every year for 13 years.
Hingham Institution for the Evolution of Savings Prices
HIFS opened at $248.89 on Friday. The company’s 50-day simple moving average is $271.34 and its two-hundred-day simple moving average is $293.83. Hingham Institution for Savings has a 52-week minimum of $242.99 and a 52-week maximum of $432.19. The stock has a market capitalization of $535.11 million, a P/E ratio of 12.99 and a beta of 0.95. The company has a debt ratio of 3.10, a quick ratio of 1.43 and a current ratio of 1.43.
Hingham Savings Institution (NASDAQ:HIFS – Get a rating) last released its quarterly earnings data on Friday, October 14. The savings and loan company reported earnings per share of $6.58 for the quarter. Hingham Institution for Savings posted a net margin of 39.23% and a return on equity of 16.52%. The company had revenue of $22.43 million for the quarter.
Institutional entries and exits
Several institutional investors and hedge funds have recently changed their holdings of HIFS. Goldman Sachs Group Inc. increased its stake in shares of Hingham Institution for Savings by 376.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,786 shares of the savings and loan company valued at $1,300,000 after acquiring 2,992 additional shares during the period. Millennium Management LLC bought a new stock position in Hingham Institution for Savings in the second quarter for a value of approximately $812,000. Citadel Advisors LLC purchased a new equity stake in Hingham Institution for Savings in the second quarter valued at $534,000. Advisor Group Holdings Inc. increased its stake in shares of Hingham Institution for Savings by 894.4% in the first quarter. Advisor Group Holdings Inc. now owns 1,432 shares of the savings and loan company worth $115,000 after buying 1,288 additional shares in the last quarter. Finally, UBS Asset Management Americas Inc. purchased a new equity stake in Hingham Institution for Savings during Q2 for $283,000.
Analysts set new price targets
A number of research companies have recently published reports on HIFS. StockNews.com began covering Hingham Institution for Savings in a research note on Wednesday, October 12. They issued a “sell” rating on the stock. TheStreet upgraded the Hingham Institution for Savings from a “b-” to a “c+” rating in a Friday, September 30 research report.
About the Hingham Institution for Savings
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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