Hingham Institution for Savings (HIFS) to Issue Special Dividend of $0.70 on January 14th

Hingham Institution for Savings (NASDAQ:HIFS) declared a special dividend on Monday, November 24th. Shareholders of record on Monday, January 5th will be paid a dividend of 0.70 per share by the savings and loans company on Wednesday, January 14th. This represents a yield of 86.0%. The ex-dividend date of this dividend is Monday, January 5th.

Hingham Institution for Savings has decreased its dividend by an average of 0.0%annually over the last three years.

Hingham Institution for Savings Trading Down 4.3%

Shares of NASDAQ:HIFS opened at $271.70 on Friday. The firm has a 50 day simple moving average of $287.26 and a 200-day simple moving average of $273.72. Hingham Institution for Savings has a twelve month low of $209.71 and a twelve month high of $320.00. 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 announced its quarterly earnings results on Friday, October 10th. The savings and loans company reported $3.86 EPS for the quarter. Hingham Institution for Savings had a net margin of 19.77% and a return on equity of 6.04%. The firm had revenue of $30.90 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Resources Management Corp CT ADV purchased a new stake in shares of Hingham Institution for Savings in the first quarter valued at about $30,000. Caitong International Asset Management Co. Ltd acquired a new position in Hingham Institution for Savings in the 3rd quarter valued at about $41,000. Inceptionr LLC purchased a new stake in Hingham Institution for Savings during the 3rd quarter valued at approximately $202,000. RWA Wealth Partners LLC purchased a new stake in Hingham Institution for Savings during the 3rd quarter valued at approximately $204,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Hingham Institution for Savings during the 3rd quarter worth approximately $211,000. 49.33% of the stock is currently owned by institutional investors and hedge funds.

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.