Hingham Institution for Savings (NASDAQ:HIFS) to Issue Quarterly Dividend of $0.37

Hingham Institution for Savings (NASDAQ:HIFS) announced a quarterly dividend on Thursday, March 28th, Wall Street Journal reports. Investors of record on Monday, April 8th will be paid a dividend of 0.37 per share by the savings and loans company on Wednesday, April 17th. This represents a $1.48 annualized dividend and a yield of 0.81%. The ex-dividend date is Friday, April 5th.

Hingham Institution for Savings has increased its dividend payment by an average of 6.8% annually over the last three years and has increased its dividend every year for the last 3 years.

Shares of NASDAQ HIFS traded up $0.05 during trading on Friday, hitting $183.00. The company had a trading volume of 6,571 shares, compared to its average volume of 4,417. The stock has a market capitalization of $385.29 million, a P/E ratio of 12.32 and a beta of 0.77. Hingham Institution for Savings has a 52 week low of $163.00 and a 52 week high of $229.99.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its quarterly earnings results on Friday, April 12th. The savings and loans company reported $3.48 earnings per share (EPS) for the quarter. The firm had revenue of $19.01 million during the quarter. Hingham Institution for Savings had a net margin of 32.18% and a return on equity of 15.27%.

A number of equities analysts have weighed in on HIFS shares. BidaskClub lowered shares of Hingham Institution for Savings from a “sell” rating to a “strong sell” rating in a research report on Thursday, January 24th. ValuEngine downgraded Hingham Institution for Savings from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th.

An institutional investor recently raised its position in Hingham Institution for Savings stock. Geode Capital Management LLC boosted its stake in shares of Hingham Institution for Savings (NASDAQ:HIFS) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,961 shares of the savings and loans company’s stock after purchasing an additional 682 shares during the quarter. Geode Capital Management LLC owned about 0.80% of Hingham Institution for Savings worth $3,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 32.63% of the stock is currently owned by institutional investors and hedge funds.

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Hingham Institution for Savings Company Profile

Hingham Institution for Savings provides various financial products and services to individuals and small businesses in the United States. The company's deposit products include savings, demand, regular, checking, negotiable order of withdrawal, and money market accounts, as well as certificates of deposit.

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

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