Hingham Institution for Savings (NASDAQ:HIFS) Sets New 12-Month High – Should You Buy?

Shares of Hingham Institution for Savings (NASDAQ:HIFS) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $330.94 and last traded at $322.29, with a volume of 11531 shares changing hands. The stock had previously closed at $316.09.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Hingham Institution for Savings in a report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

Hingham Institution for Savings Stock Up 1.3%

The company has a debt-to-equity ratio of 3.31, a quick ratio of 1.57 and a current ratio of 1.57. The firm’s 50 day moving average price is $296.13 and its two-hundred day moving average price is $281.39. The company has a market cap of $726.75 million, a P/E ratio of 13.46 and a beta of 1.02.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its quarterly earnings results on Friday, January 16th. The savings and loans company reported $4.54 EPS for the quarter. Hingham Institution for Savings had a net margin of 23.04% and a return on equity of 7.16%. The business had revenue of $35.02 million during the quarter.

Hingham Institution for Savings Dividend Announcement

The company also recently announced a special dividend, which was paid on Wednesday, January 14th. Investors of record on Monday, January 5th were given a $0.70 dividend. This represents a yield of 85.0%. The ex-dividend date of this dividend was Monday, January 5th. Hingham Institution for Savings’s payout ratio is presently 10.18%.

Hingham Institution for Savings announced that its Board of Directors has approved a share repurchase plan on Friday, December 5th that permits the company to repurchase $20.00 million in shares. This repurchase authorization permits the savings and loans company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Hingham Institution for Savings

Hedge funds have recently added to or reduced their stakes in the company. Mission Wealth Management LP bought a new stake in shares of Hingham Institution for Savings during the fourth quarter valued at approximately $4,222,000. Comerica Bank bought a new stake in Hingham Institution for Savings during the 4th quarter valued at $43,000. RFG Bristol Wealth Advisors LLC increased its stake in Hingham Institution for Savings by 126.5% during the 4th quarter. RFG Bristol Wealth Advisors LLC now owns 2,562 shares of the savings and loans company’s stock valued at $728,000 after purchasing an additional 1,431 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in Hingham Institution for Savings during the fourth quarter worth $102,000. Finally, SG Americas Securities LLC lifted its stake in shares of Hingham Institution for Savings by 23.0% in the fourth quarter. SG Americas Securities LLC now owns 1,742 shares of the savings and loans company’s stock valued at $495,000 after buying an additional 326 shares in the last quarter. Institutional investors and hedge funds own 49.33% of the company’s stock.

Hingham Institution for Savings Company Profile

Hingham Institution for Savings is a mutual savings bank headquartered in Hingham, Massachusetts. Founded in 1834, the bank combines the community-oriented focus of a mutual institution with the transparency and oversight associated with a publicly traded company under the NASDAQ ticker HIFS.

The institution’s core activities include deposit and lending services tailored to individuals and businesses. Deposit offerings encompass checking and savings accounts, money market accounts, certificates of deposit and individual retirement accounts, supported by online and mobile banking platforms.