Hingham Institution for Savings (NASDAQ:HIFS) Sees Unusually-High Trading Volume – Time to Buy?

Hingham Institution for Savings (NASDAQ:HIFS) shares saw unusually-high trading volume on Tuesday . Approximately 29,190 shares changed hands during mid-day trading, an increase of 98% from the previous session’s volume of 14,718 shares.The stock last traded at $246.80 and had previously closed at $259.71.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Hingham Institution for Savings from a “sell” rating to a “hold” rating in a research note on Saturday, February 22nd.

Hingham Institution for Savings Price Performance

The company has a 50-day moving average of $256.51 and a two-hundred day moving average of $258.46. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $535.91 million, a PE ratio of 19.76 and a beta of 1.02.

Hingham Institution for Savings (NASDAQ:HIFS) last released its 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%.

Institutional Investors Weigh In On Hingham Institution for Savings

A number of institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp acquired a new position in shares of Hingham Institution for Savings in the 4th quarter valued at about $403,000. Rafferty Asset Management LLC lifted its stake in shares of Hingham Institution for Savings by 9.1% in the 4th quarter. Rafferty Asset Management LLC now owns 2,863 shares of the savings and loans company’s stock valued at $728,000 after purchasing an additional 238 shares in the last quarter. Occudo Quantitative Strategies LP acquired a new position in shares of Hingham Institution for Savings in the 4th quarter valued at about $295,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Hingham Institution for Savings by 5.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 886 shares of the savings and loans company’s stock valued at $225,000 after purchasing an additional 49 shares in the last quarter. Finally, Focus Partners Wealth lifted its stake in shares of Hingham Institution for Savings by 549.2% in the 4th quarter. Focus Partners Wealth now owns 11,069 shares of the savings and loans company’s stock valued at $2,813,000 after purchasing an additional 9,364 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.