Hingham Institution for Savings (NASDAQ:HIFS) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Hingham Institution for Savings (NASDAQ:HIFS)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $290.79 and traded as high as $295.80. Hingham Institution for Savings shares last traded at $290.74, with a volume of 39,945 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wall Street Zen cut Hingham Institution for Savings from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded Hingham Institution for Savings from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Hingham Institution for Savings Stock Performance

The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.93. The company has a fifty day moving average price of $287.59 and a 200 day moving average price of $290.79. The stock has a market cap of $633.81 million, a PE ratio of 12.75 and a beta of 0.83.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its quarterly earnings results on Friday, April 17th. The savings and loans company reported $4.79 earnings per share for the quarter. The business had revenue of $22.43 million during the quarter. Hingham Institution for Savings had a net margin of 21.17% and a return on equity of 7.89%.

Institutional Trading of Hingham Institution for Savings

A number of hedge funds have recently modified their holdings of HIFS. Two Sigma Investments LP increased its holdings in shares of Hingham Institution for Savings by 150.9% in the 3rd quarter. Two Sigma Investments LP now owns 27,199 shares of the savings and loans company’s stock worth $7,175,000 after purchasing an additional 16,360 shares in the last quarter. Mission Wealth Management LP bought a new stake in Hingham Institution for Savings in the 4th quarter worth approximately $4,222,000. Bessemer Group Inc. purchased a new stake in Hingham Institution for Savings during the 1st quarter valued at $4,002,000. Bank of America Corp DE lifted its holdings in shares of Hingham Institution for Savings by 337.2% during the 3rd quarter. Bank of America Corp DE now owns 13,856 shares of the savings and loans company’s stock valued at $3,655,000 after buying an additional 10,687 shares during the period. Finally, UBS Group AG lifted its holdings in shares of Hingham Institution for Savings by 15.7% during the 3rd quarter. UBS Group AG now owns 69,998 shares of the savings and loans company’s stock valued at $18,464,000 after buying an additional 9,493 shares during the period. Institutional investors own 49.33% of the company’s stock.

Hingham Institution for Savings Company Profile

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.