Hingham Institution for Savings (HIFS) To Go Ex-Dividend on May 4th

Hingham Institution for Savings (NASDAQ:HIFS) declared a quarterly dividend on Wednesday, March 25th. Stockholders of record on Monday, May 4th will be given a dividend of 0.63 per share by the savings and loans company on Wednesday, May 13th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, May 4th.

Hingham Institution for Savings has decreased its dividend payment by an average of 0.1%annually over the last three years.

Hingham Institution for Savings Stock Performance

Shares of NASDAQ:HIFS traded up $2.19 on Friday, hitting $286.39. The company’s stock had a trading volume of 23,793 shares, compared to its average volume of 51,704. Hingham Institution for Savings has a 12 month low of $220.76 and a 12 month high of $337.99. The company has a market capitalization of $624.90 million, a price-to-earnings ratio of 12.56 and a beta of 0.94. The stock’s 50-day moving average is $285.87 and its two-hundred day moving average is $290.14. The company has a debt-to-equity ratio of 3.31, a quick ratio of 1.57 and a current ratio of 1.57.

Hingham Institution for Savings (NASDAQ:HIFS) last released its quarterly earnings results on Friday, April 17th. The savings and loans company reported $4.79 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a return on equity of 8.06% and a net margin of 21.17%.The company had revenue of $22.43 million during the quarter.

Institutional Trading of Hingham Institution for Savings

Several institutional investors have recently modified their holdings of HIFS. Two Sigma Investments LP lifted its holdings in shares of Hingham Institution for Savings by 150.9% in the third quarter. Two Sigma Investments LP now owns 27,199 shares of the savings and loans company’s stock valued at $7,175,000 after buying an additional 16,360 shares during the period. Mission Wealth Management LP purchased a new stake in shares of Hingham Institution for Savings during the fourth quarter valued at $4,222,000. Bank of America Corp DE lifted its holdings in shares of Hingham Institution for Savings by 337.2% during the third quarter. Bank of America Corp DE now owns 13,856 shares of the savings and loans company’s stock valued at $3,655,000 after purchasing an additional 10,687 shares during the last quarter. UBS Group AG lifted its holdings in shares of Hingham Institution for Savings by 15.7% during the third quarter. UBS Group AG now owns 69,998 shares of the savings and loans company’s stock valued at $18,464,000 after purchasing an additional 9,493 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Hingham Institution for Savings by 230.8% during the third quarter. Millennium Management LLC now owns 12,645 shares of the savings and loans company’s stock valued at $3,335,000 after purchasing an additional 8,823 shares during the last quarter. Institutional investors and hedge funds own 49.33% of the company’s stock.

About Hingham Institution for Savings

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.