Hingham Institution for Savings (NASDAQ:HIFS) Declares Dividend Increase – $1.38 Per Share

Hingham Institution for Savings (NASDAQ:HIFSGet Rating) announced a quarterly dividend on Monday, November 21st, Zacks reports. Shareholders of record on Monday, January 2nd will be given a dividend of 1.38 per share by the savings and loans company on Wednesday, January 11th. This represents a $5.52 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, December 29th. This is an increase from Hingham Institution for Savings’s previous quarterly dividend of $0.61.

Hingham Institution for Savings has increased its dividend by an average of 13.8% annually over the last three years and has raised its dividend every year for the last 13 years.

Hingham Institution for Savings Price Performance

Hingham Institution for Savings stock opened at $270.32 on Wednesday. The firm has a market cap of $581.19 million, a PE ratio of 14.11 and a beta of 0.91. Hingham Institution for Savings has a 52-week low of $242.99 and a 52-week high of $432.19. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 3.10. The company’s 50 day moving average is $257.49 and its two-hundred day moving average is $284.09.

Hingham Institution for Savings (NASDAQ:HIFSGet Rating) last released its earnings results on Friday, October 14th. The savings and loans company reported $6.58 earnings per share (EPS) for the quarter. Hingham Institution for Savings had 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 Trading of Hingham Institution for Savings

A number of institutional investors have recently added to or reduced their stakes in HIFS. Dimensional Fund Advisors LP raised its position in shares of Hingham Institution for Savings by 0.9% in the third quarter. Dimensional Fund Advisors LP now owns 54,376 shares of the savings and loans company’s stock valued at $13,655,000 after buying an additional 492 shares during the last quarter. State Street Corp grew its stake in Hingham Institution for Savings by 0.9% during the second quarter. State Street Corp now owns 29,253 shares of the savings and loans company’s stock worth $8,301,000 after buying an additional 273 shares during the period. Renaissance Technologies LLC grew its stake in Hingham Institution for Savings by 2.4% during the second quarter. Renaissance Technologies LLC now owns 26,119 shares of the savings and loans company’s stock worth $7,412,000 after buying an additional 600 shares during the period. Bank of New York Mellon Corp grew its stake in Hingham Institution for Savings by 1.4% during the first quarter. Bank of New York Mellon Corp now owns 8,885 shares of the savings and loans company’s stock worth $3,050,000 after buying an additional 120 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Hingham Institution for Savings by 2.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,928 shares of the savings and loans company’s stock worth $1,349,000 after buying an additional 77 shares during the period.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HIFS. StockNews.com started coverage on shares of Hingham Institution for Savings in a report on Wednesday, October 12th. They issued a “sell” rating on the stock. TheStreet lowered shares of Hingham Institution for Savings from a “b-” rating to a “c+” rating in a research note on Friday, September 30th.

About Hingham Institution for Savings

(Get Rating)

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

Further Reading

Dividend History for Hingham Institution for Savings (NASDAQ:HIFS)

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