Hingham Institution for Savings (NASDAQ:HIFS) Stock Rating Lowered by StockNews.com

Hingham Institution for Savings (NASDAQ:HIFS) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

Hingham Institution for Savings Trading Down 0.2 %

Shares of NASDAQ:HIFS traded down $0.44 during trading on Tuesday, reaching $221.81. The stock had a trading volume of 9,385 shares, compared to its average volume of 15,252. 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 has a market cap of $476.89 million, a P/E ratio of 17.29 and a beta of 0.92. The business has a fifty day moving average price of $248.57 and a 200-day moving average price of $255.99. Hingham Institution for Savings has a fifty-two week low of $160.00 and a fifty-two week high of $300.00.

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 for the quarter. Hingham Institution for Savings had a return on equity of 2.95% and a net margin of 12.97%.

Institutional Trading of Hingham Institution for Savings

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC boosted 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 worth $102,000 after acquiring an additional 89 shares during the last quarter. Tower Research Capital LLC TRC raised 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 worth $122,000 after purchasing an additional 433 shares during the period. SeaCrest Wealth Management LLC acquired a new position in shares of Hingham Institution for Savings in the 4th quarter valued at $204,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Hingham Institution for Savings by 5.9% during the 4th 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. Finally, MetLife Investment Management LLC grew its stake in shares of Hingham Institution for Savings by 10.9% during the 4th quarter. MetLife Investment Management LLC now owns 935 shares of the savings and loans company’s stock valued at $238,000 after buying an additional 92 shares during the period. Hedge funds and other institutional investors own 49.33% of the company’s stock.

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.