Investors Update: Hingham Institution for Savings (NASDAQ:HIFS)

Hingham Institution for Savings (NASDAQ:HIFS) changed 0.87% to recent value of $220. The stock transacted 1084 shares during most recent day however it has an average volume of 1.15K shares. It spotted trading -8.94% off 52-week high price. On the other end, the stock has been noted 19.14% away from the low price over the last 52-weeks.

Hingham Institution for Savings (NASDAQ:HIFS) , Hingham, Massachusetts, reported that its Board of Directors has declared a regular quarterly cash dividend of $0.36 per share. This represents an increase of 3% over the previous regular quarterly dividend of $0.35 per share. The dividend will be paid on October 17, 2018 to stockholders of record as of October 9, 2018.

Robert H. Gaughen, Jr., Chairman and Chief Executive Officer of the Bank, in announcing the dividend, stated, “The Bank continues its record of performance with solid balance sheet growth and strong returns on equity capital. These returns are the product of conservative underwriting, disciplined cost control, and careful capital allocation. The Bank regularly considers all capital allocation options and continues to return capital to the ownership through both regular and special dividends. This will be our 99th consecutive quarterly dividend and we have consistently increased regular quarterly cash dividends over the last twenty years.”

In addition to regular quarterly cash dividends, the Bank has declared special cash dividends in each of the last twenty-three years, typically in the fourth quarter. Future regular and special dividends will be considered by the Board of Directors on a quarterly basis.

HIFS has an operating margin of 72.90% while its profit margin remained 34.30% for the last 12 months. Its earnings per share (EPS) expected to touch remained 9.40% for this year.

The company has 2.12M of outstanding shares and 1.41M shares were floated in the market. The price moved ahead of 0.64% from the mean of 20 days, 0.27% from mean of 50 days SMA and performed 3.31% from mean of 200 days price. Company’s performance for the week was 1.54%, -0.32% for month and YTD performance remained 6.46%.

About the Author

Kyle Webster
Kyle Webster
Kyle Webster is a self taught investor and follows the value investing approach to picking stocks. He possesses over 10 years of investment experience, an M.B.A. from Louisiana State University, and is also certified in Risk Management Assurance. Kyle is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Research News category for our site. He can be reached via Email Contact -  kyle@mostvolatilestocks.com.

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