Hingham Institution for Savings (NASDAQ:HIFS) Sees Large Volume Increase – Still a Buy?

Shares of Hingham Institution for Savings (NASDAQ:HIFS) saw an uptick in trading volume on Tuesday . 11,510 shares were traded during mid-day trading, a decline of 22% from the previous session’s volume of 14,808 shares.The stock last traded at $233.63 and had previously closed at $235.10.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Hingham Institution for Savings from a “sell” rating to a “hold” rating in a report on Saturday, February 22nd.

Hingham Institution for Savings Price Performance

The company has a fifty day moving average of $253.27 and a 200 day moving average of $257.76. The firm has a market capitalization of $502.24 million, a P/E ratio of 18.18 and a beta of 0.99. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.57 and a quick ratio of 1.57.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its quarterly earnings results on Friday, January 17th. The savings and loans company reported $2.16 earnings per share (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 institutional investors have recently added to or reduced their stakes in HIFS. Oppenheimer & Co. Inc. acquired a new position in Hingham Institution for Savings in the third quarter valued at approximately $243,000. Quest Partners LLC acquired a new position in shares of Hingham Institution for Savings during the third quarter worth approximately $370,000. Charles Schwab Investment Management Inc. raised its position in shares of Hingham Institution for Savings by 3.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,527 shares of the savings and loans company’s stock worth $1,101,000 after purchasing an additional 137 shares during the period. Quantbot Technologies LP raised its position in shares of Hingham Institution for Savings by 49.1% during the third quarter. Quantbot Technologies LP now owns 950 shares of the savings and loans company’s stock worth $231,000 after purchasing an additional 313 shares during the period. Finally, FMR LLC raised its position in shares of Hingham Institution for Savings by 27.0% during the third quarter. FMR LLC now owns 419 shares of the savings and loans company’s stock worth $102,000 after purchasing an additional 89 shares during the period. 49.33% of the stock is owned by institutional investors and hedge funds.

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.