Hingham Institution for Savings (NASDAQ:HIFS) Rating Increased to Hold 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 Trading Down 3.6 %

Shares of NASDAQ:HIFS opened at $260.96 on Friday. Hingham Institution for Savings has a 52-week low of $160.00 and a 52-week high of $300.00. The stock has a market cap of $561.06 million, a price-to-earnings ratio of 20.34 and a beta of 1.02. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.63. The business has a 50-day moving average price of $256.57 and a 200-day moving average price of $256.69.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its quarterly earnings results 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 net margin of 12.97% and a return on equity of 2.95%.

Hingham Institution for Savings Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, January 6th were paid a dividend of $0.63 per share. The ex-dividend date was Monday, January 6th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.97%. Hingham Institution for Savings’s payout ratio is currently 19.64%.

Hedge Funds Weigh In On Hingham Institution for Savings

A number of institutional investors have recently modified their holdings of HIFS. FMR LLC raised its position in Hingham Institution for Savings by 27.0% during 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 shares of Hingham Institution for Savings by 941.3% in the 4th 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 in the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of Hingham Institution for Savings in the 4th quarter valued at about $204,000. Wallace Capital Management Inc. purchased a new stake in shares of Hingham Institution for Savings in the third quarter valued at approximately $219,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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 buying an additional 49 shares in the last quarter. Hedge funds and other 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.