Hingham Institution for Savings (NASDAQ:HIFS) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Hingham Institution for Savings (NASDAQ:HIFS) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $290.36 and traded as high as $321.05. Hingham Institution for Savings shares last traded at $317.18, with a volume of 46,761 shares trading hands.

Analyst Ratings Changes

A number of research firms have recently weighed in on HIFS. Wall Street Zen downgraded Hingham Institution for Savings from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings upgraded Hingham Institution for Savings from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 12th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Hingham Institution for Savings presently has a consensus rating of “Buy”.

Hingham Institution for Savings Stock Up 0.8%

The company has a market capitalization of $691.45 million, a P/E ratio of 13.91 and a beta of 0.83. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.93. The firm has a fifty day simple moving average of $286.45 and a 200-day simple moving average of $290.36.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its quarterly earnings data on Friday, April 17th. The savings and loans company reported $4.79 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a return on equity of 7.89% and a net margin of 21.17%.The business had revenue of $22.43 million during the quarter.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Liontrust Investment Partners LLP acquired a new stake in shares of Hingham Institution for Savings during the third quarter worth $2,009,000. Aptus Capital Advisors LLC lifted its position in Hingham Institution for Savings by 14.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 24,737 shares of the savings and loans company’s stock valued at $6,525,000 after acquiring an additional 3,217 shares in the last quarter. Rafferty Asset Management LLC lifted its position in Hingham Institution for Savings by 112.8% in the 3rd quarter. Rafferty Asset Management LLC now owns 6,035 shares of the savings and loans company’s stock valued at $1,592,000 after acquiring an additional 3,199 shares in the last quarter. Maren Capital LLC boosted its stake in Hingham Institution for Savings by 1.8% in the 4th quarter. Maren Capital LLC now owns 208,659 shares of the savings and loans company’s stock worth $59,251,000 after purchasing an additional 3,726 shares during the period. Finally, Mission Wealth Management LP acquired a new position in Hingham Institution for Savings in the 4th quarter worth $4,222,000. Institutional investors own 49.33% of the company’s stock.

About Hingham Institution for Savings

Hingham Institution for Savings is a mutual savings bank headquartered in Hingham, Massachusetts. Founded in 1834, the bank combines the community-oriented focus of a mutual institution with the transparency and oversight associated with a publicly traded company under the NASDAQ ticker HIFS.

The institution’s core activities include deposit and lending services tailored to individuals and businesses. Deposit offerings encompass checking and savings accounts, money market accounts, certificates of deposit and individual retirement accounts, supported by online and mobile banking platforms.