Hingham Institution for Savings (NASDAQ:HIFS) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a report released on Tuesday.

Separately, ValuEngine upgraded Hingham Institution for Savings from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th.

Shares of Hingham Institution for Savings (HIFS) traded down $6.85 during midday trading on Tuesday, hitting $203.06. The stock had a trading volume of 6,452 shares, compared to its average volume of 3,665. Hingham Institution for Savings has a one year low of $148.02 and a one year high of $242.00. The company has a market cap of $448.22, a P/E ratio of 18.21 and a beta of 0.80.

Hingham Institution for Savings (NASDAQ:HIFS) last released its quarterly earnings results on Thursday, October 12th. The savings and loans company reported $2.97 earnings per share (EPS) for the quarter. The firm had revenue of $16.41 million during the quarter.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HIFS. Rhumbline Advisers bought a new stake in Hingham Institution for Savings in the 2nd quarter valued at $258,000. Federated Investors Inc. PA boosted its stake in Hingham Institution for Savings by 38.9% in the 2nd quarter. Federated Investors Inc. PA now owns 3,902 shares of the savings and loans company’s stock valued at $710,000 after purchasing an additional 1,092 shares during the period. Capital Analysts LLC bought a new stake in Hingham Institution for Savings in the 2nd quarter valued at $203,000. Archon Partners LLC boosted its stake in Hingham Institution for Savings by 124.3% in the 2nd quarter. Archon Partners LLC now owns 3,703 shares of the savings and loans company’s stock valued at $674,000 after purchasing an additional 2,052 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Hingham Institution for Savings by 3.2% in the 2nd quarter. Wells Fargo & Company MN now owns 929 shares of the savings and loans company’s stock valued at $169,000 after purchasing an additional 29 shares during the period. Institutional investors and hedge funds own 27.23% of the company’s stock.

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Hingham Institution for Savings Company Profile

Hingham Institution for Savings (the Bank) is a Massachusetts-chartered savings bank (the Bank). The Bank is principally engaged in the business of residential and commercial real estate mortgage lending, funded by a retail deposit network and borrowings. The Bank provides a range of financial services to individuals and small businesses through its approximately 10 offices in Boston and southeastern Massachusetts.

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