Hingham Institution for Savings (NASDAQ:HIFS) Sees Significant Short-Term Interest Growth

Hingham Institution for Savings (NASDAQ:HIFS – Get a rating) was the target of strong short-term interest growth in June. As of June 15, there were short interests totaling 26,100 shares, a growth of 23.1% from the total of 21,200 shares as of May 31. Based on an average daily volume of 3,700 shares, the day-to-cover ratio is currently 7.1 days. Approximately 2.0% of the stock’s shares are sold short.

Separately, StockNews.com downgraded the Hingham Institution for Savings from a “hold” rating to a “sell” rating in a Monday, May 23 research note.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its position in shares of Hingham Institution for Savings by 28.1% during the 1st quarter. Nisa Investment Advisors LLC now owns 205 shares of the savings and loan company valued at $70,000 after acquiring 45 additional shares in the last quarter. First Trust Advisors LP increased its holdings in Hingham Institution for Savings by 7.2% during the fourth quarter. First Trust Advisors LP now owns 994 shares of the savings and loan company valued at $417,000 after buying 67 additional shares during the period. Charles Schwab Investment Management Inc. increased its stake in Hingham Institution for Savings by 2.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,928 shares of the savings and loan company valued at $1,349,000 after buying 77 additional shares during the period. Renaissance Technologies LLC increased its holdings in Hingham Institution for Savings by 0.4% during the fourth quarter. Renaissance Technologies LLC now owns 25,519 shares of the savings and loan company valued at $10,715,000 after purchasing an additional 100 shares during the period. Finally, Dorsey Wright & Associates acquired a new stake in Hingham Institution for Savings during Q1 for $40,000.

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HIFS stock traded down $0.21 at midday on Monday, hitting $283.98. The company’s stock had a trading volume of 5 shares, compared to its average volume of 3,338. Hingham Institution for Savings has a 12-month low of $270.50 and a 12-month high of 432, $19. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt ratio of 2.37. The company has a market capitalization of $604.88 million, a price-earnings ratio of 9.94 and a beta of 0.95. The company has a 50-day moving average of $304.78 and a two-hundred-day moving average of $345.63.

Hingham Institution for Savings (NASDAQ:HIFS – Get a rating) last reported results on Thursday, April 14. The savings and loan company reported EPS of $6.85 for the quarter. The company had revenue of $24.30 million in the quarter. Hingham Institution for Savings had a return on equity of 16.69% and a net margin of 51.86%.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 11. Shareholders of record on Monday, May 2 received a dividend of $0.57 per share. This is an increase from Hingham Institution for Savings’ previous quarterly dividend of $0.53. This represents a dividend of $2.28 on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Friday, April 29. The Hingham Institution for Savings dividend payout rate is currently 7.98%.

Hingham Institution for Savings Company Profile (Get a rating)

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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