Hingham Institution for Savings (NASDAQ:HIFS) Upgraded by StockNews.com to Sell

Hingham Institution for Savings (NASDAQ:HIFS) was upgraded by stock analysts at StockNews.com to a “sell” rating in a report issued on Wednesday.

Hingham Institution for Savings Trading Up 0.5 %

HIFS opened at $166.03 on Wednesday. The company’s 50 day simple moving average is $167.23 and its two-hundred day simple moving average is $173.65. The firm has a market capitalization of $356.96 million, a price-to-earnings ratio of 14.72 and a beta of 1.02. The company has a debt-to-equity ratio of 4.15, a current ratio of 1.66 and a quick ratio of 1.66. Hingham Institution for Savings has a 1-year low of $147.01 and a 1-year high of $230.77.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its quarterly earnings results on Friday, April 12th. The savings and loans company reported $1.01 earnings per share (EPS) for the quarter. The business had revenue of $15.33 million during the quarter. Hingham Institution for Savings had a net margin of 12.38% and a return on equity of 2.73%.

Institutional Trading of Hingham Institution for Savings

A number of hedge funds and other institutional investors have recently made changes to their positions in HIFS. First National Bank Sioux Falls acquired a new stake in Hingham Institution for Savings in the 1st quarter valued at approximately $215,000. Quadrature Capital Ltd increased its holdings in Hingham Institution for Savings by 159.8% in the 4th quarter. Quadrature Capital Ltd now owns 6,423 shares of the savings and loans company’s stock valued at $1,243,000 after purchasing an additional 3,951 shares during the last quarter. Hennessy Advisors Inc. increased its holdings in Hingham Institution for Savings by 200.0% in the 4th quarter. Hennessy Advisors Inc. now owns 15,000 shares of the savings and loans company’s stock valued at $2,916,000 after purchasing an additional 10,000 shares during the last quarter. Vanguard Group Inc. increased its holdings in Hingham Institution for Savings by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 107,355 shares of the savings and loans company’s stock valued at $20,870,000 after purchasing an additional 2,482 shares during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in Hingham Institution for Savings in the 4th quarter valued at approximately $355,000. Institutional investors and hedge funds own 49.33% of the company’s stock.

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. It offers savings, checking, money market, demand, and negotiable order of withdrawal accounts, as well as certificates of deposit. The company provides commercial and residential real estate, construction, home equity, commercial, consumer, and mortgage loans.