Hingham Institution for Savings (NASDAQ:HIFS) Stock Rating Upgraded by Wall Street Zen

Hingham Institution for Savings (NASDAQ:HIFS) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded Hingham Institution for Savings from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Hingham Institution for Savings Stock Performance

Shares of HIFS stock opened at $296.94 on Friday. The firm’s 50 day moving average price is $298.15 and its 200-day moving average price is $293.75. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.49 and a current ratio of 1.49. Hingham Institution for Savings has a one year low of $249.58 and a one year high of $337.99. The firm has a market cap of $647.33 million, a P/E ratio of 10.65 and a beta of 0.84.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its earnings results on Friday, October 16th. The savings and loans company reported $5.37 earnings per share for the quarter. The firm had revenue of $25.37 million during the quarter. Hingham Institution for Savings had a net margin of 24.95% and a return on equity of 8.81%.

Institutional Trading of Hingham Institution for Savings

Institutional investors and hedge funds have recently bought and sold shares of the business. Corient Private Wealth LP acquired a new position in shares of Hingham Institution for Savings in the second quarter valued at approximately $1,046,000. Bank of America Corp DE purchased a new stake in Hingham Institution for Savings during the 2nd quarter worth approximately $3,316,000. Bessemer Group Inc. purchased a new stake in Hingham Institution for Savings during the 1st quarter worth approximately $4,002,000. Bank of New York Mellon Corp purchased a new stake in Hingham Institution for Savings during the 2nd quarter worth approximately $2,262,000. Finally, BlackRock Inc. acquired a new stake in Hingham Institution for Savings during the 2nd quarter worth approximately $47,163,000. 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 is a community bank headquartered in Hingham, Massachusetts. Founded in 1834, the institution provides banking services to individuals, families, businesses and organizations in eastern Massachusetts, including the South Shore and Nantucket.

The bank offers deposit products such as checking, savings, money market and certificate of deposit accounts, along with online and traditional banking services. Its lending activities include residential mortgages, home equity loans, commercial real estate financing, construction loans and other business loans.

Hingham Institution for Savings emphasizes relationship-based banking and locally focused lending.