Hingham Institution for Savings (NASDAQ:HIFS) Upgraded by StockNews.com to “Hold” Rating

Hingham Institution for Savings (NASDAQ:HIFS) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Hingham Institution for Savings Price Performance

Shares of NASDAQ:HIFS opened at $260.96 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.63. The stock has a market cap of $561.06 million, a PE ratio of 20.34 and a beta of 1.02. The stock’s fifty day simple moving average is $256.88 and its two-hundred day simple moving average is $256.47. Hingham Institution for Savings has a 1-year low of $160.00 and a 1-year high of $300.00.

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

Institutional Trading of Hingham Institution for Savings

Hedge funds and other institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Hingham Institution for Savings by 5.9% during 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 acquiring an additional 49 shares in the last quarter. Anchor Capital Advisors LLC boosted its position in Hingham Institution for Savings by 1.6% during the 4th quarter. Anchor Capital Advisors LLC now owns 5,380 shares of the savings and loans company’s stock valued at $1,367,000 after buying an additional 85 shares during the period. FMR LLC boosted its position in Hingham Institution for Savings by 27.0% during the 3rd quarter. FMR LLC now owns 419 shares of the savings and loans company’s stock valued at $102,000 after buying an additional 89 shares during the period. MetLife Investment Management LLC boosted its position in Hingham Institution for Savings by 10.9% during the 4th quarter. MetLife Investment Management LLC now owns 935 shares of the savings and loans company’s stock valued at $238,000 after buying an additional 92 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its position in Hingham Institution for Savings by 7.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,424 shares of the savings and loans company’s stock valued at $362,000 after buying an additional 100 shares during the period. Institutional investors 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.