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

Hingham Institution for Savings (NASDAQ:HIFS) was upgraded by equities researchers at StockNews.com to a “sell” rating in a note issued to investors on Saturday.

Hingham Institution for Savings Stock Up 0.5 %

NASDAQ:HIFS opened at $177.63 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 4.15. The stock’s fifty day moving average is $169.12 and its two-hundred day moving average is $173.26. Hingham Institution for Savings has a 52 week low of $147.01 and a 52 week high of $230.77. The stock has a market capitalization of $381.37 million, a price-to-earnings ratio of 15.75 and a beta of 1.00.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its quarterly earnings data 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 for the quarter. Hingham Institution for Savings had a return on equity of 2.73% and a net margin of 12.38%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in shares of Hingham Institution for Savings by 19,340.0% in the 4th quarter. International Assets Investment Management LLC now owns 349,920 shares of the savings and loans company’s stock valued at $68,024,000 after acquiring an additional 348,120 shares during the period. Maren Capital LLC acquired a new position in Hingham Institution for Savings in the fourth quarter valued at $24,064,000. Schwartz Investment Counsel Inc. raised its holdings in shares of Hingham Institution for Savings by 30.6% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 81,087 shares of the savings and loans company’s stock valued at $15,763,000 after buying an additional 19,000 shares during the last quarter. Hennessy Advisors Inc. boosted its stake in shares of Hingham Institution for Savings by 200.0% during the fourth quarter. Hennessy Advisors Inc. now owns 15,000 shares of the savings and loans company’s stock worth $2,916,000 after buying an additional 10,000 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Hingham Institution for Savings by 9.7% during the third quarter. Vanguard Group Inc. now owns 104,873 shares of the savings and loans company’s stock worth $19,585,000 after buying an additional 9,314 shares during the last quarter. Institutional investors and hedge funds own 49.33% of the company’s stock.

About Hingham Institution for Savings

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.