Hingham Institution for Savings (NASDAQ:HIFS) Short Interest Down 5.4% in August

Hingham Institution for Savings (NASDAQ:HIFS) saw a large decrease in short interest in August. As of August 31st, there was short interest totalling 160,600 shares, a decrease of 5.4% from the August 15th total of 169,700 shares. Based on an average trading volume of 18,300 shares, the short-interest ratio is currently 8.8 days. Currently, 10.0% of the company’s stock are sold short.

Hingham Institution for Savings Stock Up 1.1 %

Shares of Hingham Institution for Savings stock opened at $252.26 on Thursday. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.62 and a quick ratio of 1.62. Hingham Institution for Savings has a 1 year low of $147.01 and a 1 year high of $261.00. The firm’s 50-day moving average is $236.32 and its two-hundred day moving average is $194.86. The stock has a market cap of $541.60 million, a price-to-earnings ratio of 26.84 and a beta of 1.00.

Hingham Institution for Savings (NASDAQ:HIFS) last released its quarterly earnings results on Friday, July 12th. The savings and loans company reported $1.00 earnings per share for the quarter. Hingham Institution for Savings had a net margin of 10.10% and a return on equity of 2.23%. The business had revenue of $13.10 million for the quarter.

Hingham Institution for Savings Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Monday, July 29th. Hingham Institution for Savings’s dividend payout ratio (DPR) is presently 26.81%.

Hedge Funds Weigh In On Hingham Institution for Savings

A number of institutional investors have recently bought and sold shares of HIFS. First National Bank Sioux Falls purchased a new position in Hingham Institution for Savings during the 1st quarter worth approximately $215,000. Price T Rowe Associates Inc. MD raised its position in Hingham Institution for Savings by 8.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,286 shares of the savings and loans company’s stock worth $225,000 after buying an additional 101 shares during the last quarter. Rhumbline Advisers raised its position in Hingham Institution for Savings by 4.0% during the 2nd quarter. Rhumbline Advisers now owns 2,350 shares of the savings and loans company’s stock worth $420,000 after buying an additional 90 shares during the last quarter. AQR Capital Management LLC raised its position in Hingham Institution for Savings by 1.1% during the 2nd quarter. AQR Capital Management LLC now owns 4,719 shares of the savings and loans company’s stock worth $844,000 after buying an additional 51 shares during the last quarter. Finally, Anchor Capital Advisors LLC raised its position in Hingham Institution for Savings by 2.6% during the 1st quarter. Anchor Capital Advisors LLC now owns 4,960 shares of the savings and loans company’s stock worth $865,000 after buying an additional 124 shares during the last quarter. 49.33% of the stock is owned by hedge funds and other institutional investors.

About Hingham Institution for Savings

Hingham Institution for Savings provides various financial products and services to individuals and small businesses in the United States. It offers savings, checking, money market, demand, and negotiable order of withdrawal accounts, as well as certificates of deposit. The company provides commercial and residential real estate, construction, home equity, commercial, consumer, and mortgage loans.