Hingham Institution for Savings (NASDAQ:HIFS) Upgraded by StockNews.com to Sell

Hingham Institution for Savings (NASDAQ:HIFS) was upgraded by stock analysts at StockNews.com to a “sell” rating in a research report issued to clients and investors on Wednesday.

Hingham Institution for Savings Price Performance

Shares of Hingham Institution for Savings stock opened at $166.03 on Wednesday. The stock’s 50-day simple moving average is $167.23 and its 200-day simple moving average is $173.65. Hingham Institution for Savings has a 52 week low of $147.01 and a 52 week high of $230.77. The company has a market capitalization of $356.96 million, a price-to-earnings ratio of 14.72 and a beta of 1.02. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 4.15.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its quarterly earnings data on Friday, April 12th. The savings and loans company reported $1.01 EPS for the quarter. The business had revenue of $15.33 million for the quarter. Hingham Institution for Savings had a return on equity of 2.73% and a net margin of 12.38%.

Institutional Investors Weigh In On Hingham Institution for Savings

A number of hedge funds have recently made changes to their positions in the company. First National Bank Sioux Falls purchased a new stake in shares of Hingham Institution for Savings in the first quarter worth about $215,000. Quadrature Capital Ltd lifted its position in shares of Hingham Institution for Savings by 159.8% in the fourth quarter. Quadrature Capital Ltd now owns 6,423 shares of the savings and loans company’s stock worth $1,243,000 after buying an additional 3,951 shares in the last quarter. Hennessy Advisors Inc. lifted its position in shares of Hingham Institution for Savings by 200.0% in the fourth quarter. Hennessy Advisors Inc. now owns 15,000 shares of the savings and loans company’s stock worth $2,916,000 after buying an additional 10,000 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Hingham Institution for Savings by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 107,355 shares of the savings and loans company’s stock worth $20,870,000 after buying an additional 2,482 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Hingham Institution for Savings in the fourth quarter worth about $355,000. 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 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.