Hingham Institution for Savings (NASDAQ:HIFS) Raised to Hold at StockNews.com

Hingham Institution for Savings (NASDAQ:HIFS) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Hingham Institution for Savings Stock Down 3.6 %

HIFS stock opened at $260.96 on Friday. Hingham Institution for Savings has a twelve month low of $160.00 and a twelve month high of $300.00. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.63. The stock’s 50 day moving average is $256.57 and its 200-day moving average is $257.15. The firm has a market capitalization of $560.28 million, a PE ratio of 20.34 and a beta of 1.02.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its quarterly earnings results on Friday, January 17th. The savings and loans company reported $2.16 EPS for the quarter. Hingham Institution for Savings had a return on equity of 2.95% and a net margin of 12.97%.

Hedge Funds Weigh In On Hingham Institution for Savings

Several hedge funds have recently made changes to their positions in HIFS. FMR LLC grew its position in shares of Hingham Institution for Savings by 27.0% in the third quarter. FMR LLC now owns 419 shares of the savings and loans company’s stock valued at $102,000 after purchasing an additional 89 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Hingham Institution for Savings by 941.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 479 shares of the savings and loans company’s stock valued at $122,000 after buying an additional 433 shares during the period. SeaCrest Wealth Management LLC bought a new stake in Hingham Institution for Savings during the fourth quarter valued at $204,000. Wallace Capital Management Inc. bought a new stake in Hingham Institution for Savings during the third quarter valued at $219,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Hingham Institution for Savings by 5.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 886 shares of the savings and loans company’s stock valued at $225,000 after buying an additional 49 shares during the period. 49.33% of the stock is currently owned by hedge funds and other institutional investors.

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.