Hingham Institution for Savings (NASDAQ:HIFS) Upgraded at StockNews.com

StockNews.com upgraded shares of Hingham Institution for Savings (NASDAQ:HIFS) from a sell rating to a hold rating in a research report report published on Saturday.

Hingham Institution for Savings Stock Down 1.6 %

Shares of NASDAQ:HIFS opened at $256.77 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.63. Hingham Institution for Savings has a 52-week low of $160.00 and a 52-week high of $300.00. The stock’s fifty day simple moving average is $256.23 and its 200-day simple moving average is $257.35. The company has a market capitalization of $551.29 million, a P/E ratio of 20.01 and a beta of 1.02.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its quarterly earnings data on Friday, January 17th. The savings and loans company reported $2.16 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a return on equity of 2.95% and a net margin of 12.97%.

Institutional Trading of Hingham Institution for Savings

Several institutional investors and hedge funds have recently made changes to their positions in HIFS. FMR LLC lifted its position in shares of Hingham Institution for Savings by 27.0% in the third quarter. FMR LLC now owns 419 shares of the savings and loans company’s stock valued at $102,000 after acquiring an additional 89 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Hingham Institution for Savings by 941.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 479 shares of the savings and loans company’s stock valued at $122,000 after purchasing an additional 433 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in Hingham Institution for Savings in the fourth quarter valued at $204,000. Wallace Capital Management Inc. acquired a new position in Hingham Institution for Savings in the third quarter valued at $219,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Hingham Institution for Savings by 5.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 886 shares of the savings and loans company’s stock valued at $225,000 after purchasing an additional 49 shares during the last quarter. 49.33% of the stock is currently owned by hedge funds and other institutional investors.

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.