Hingham Institution for Savings (NASDAQ:HIFS) Upgraded at StockNews.com

StockNews.com upgraded shares of Hingham Institution for Savings (NASDAQ:HIFS) to a sell rating in a report issued on Wednesday morning.

Hingham Institution for Savings Trading Down 0.6 %

NASDAQ:HIFS opened at $164.96 on Wednesday. Hingham Institution for Savings has a 12 month low of $147.01 and a 12 month high of $230.77. The firm has a market cap of $354.66 million, a price-to-earnings ratio of 14.62 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. The company’s 50 day moving average is $167.22 and its 200-day moving average is $173.59.

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

Hingham Institution for Savings Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Monday, May 6th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Friday, May 3rd. Hingham Institution for Savings’s dividend payout ratio (DPR) is currently 22.34%.

Hedge Funds Weigh In On Hingham Institution for Savings

A number of institutional investors and hedge funds have recently bought and sold shares of HIFS. Advisor Group Holdings Inc. increased its position in Hingham Institution for Savings by 894.4% during the first quarter. Advisor Group Holdings Inc. now owns 1,432 shares of the savings and loans company’s stock worth $115,000 after acquiring an additional 1,288 shares during the period. Swiss National Bank increased its position in Hingham Institution for Savings by 6.1% during the first quarter. Swiss National Bank now owns 3,500 shares of the savings and loans company’s stock worth $1,201,000 after acquiring an additional 200 shares during the period. Bank of New York Mellon Corp increased its position in Hingham Institution for Savings by 1.4% during the first quarter. Bank of New York Mellon Corp now owns 8,885 shares of the savings and loans company’s stock worth $3,050,000 after acquiring an additional 120 shares during the period. MetLife Investment Management LLC increased its position in Hingham Institution for Savings by 53.5% during the first quarter. MetLife Investment Management LLC now owns 726 shares of the savings and loans company’s stock worth $249,000 after acquiring an additional 253 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Hingham Institution for Savings by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 53,623 shares of the savings and loans company’s stock worth $18,405,000 after buying an additional 135 shares in the last quarter. Institutional investors own 49.33% of the company’s stock.

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.