Hingham Institution for Savings (NASDAQ:HIFS) Share Price Crosses Below 200-Day Moving Average - Time to Sell?

Key Points

• Shares crossed below its 200-day moving average (200‑day = $288.15), trading as low as $273.59 and last at $275.37 on ~59,832 shares (down ~0.7%), with a 50‑day average of $295.34.
• Weiss Ratings upgraded HIFS to a "Buy" (b-), and MarketBeat shows the stock currently has an average rating of "Buy" (one analyst rated Buy).
• The bank reported quarterly EPS of $4.54 with a ROE of 7.16% and net margin of 23.04%, has a market cap of $600.3M and PE of 11.12, and the board authorized a $20 million share repurchase program.

Shares of Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $288.15 and traded as low as $273.59. Hingham Institution for Savings shares last traded at $275.37, with a volume of 59,832 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Hingham Institution for Savings from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy".

Hingham Institution for Savings Trading Down 0.7%

The company has a 50 day simple moving average of $295.34 and a 200 day simple moving average of $288.15. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.31. The stock has a market capitalization of $600.31 million, a PE ratio of 11.12 and a beta of 1.02.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last released its earnings results on Friday, January 16th. The savings and loans company reported $4.54 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a return on equity of 7.16% and a net margin of 23.04%.The business had revenue of $35.02 million for the quarter.

Hingham Institution for Savings declared that its board has authorized a share repurchase plan on Friday, December 5th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the savings and loans company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Hingham Institution for Savings

A number of large investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Hingham Institution for Savings in the 3rd quarter worth $41,000. Comerica Bank purchased a new position in Hingham Institution for Savings during the fourth quarter worth about $43,000. Kestra Advisory Services LLC purchased a new position in Hingham Institution for Savings during the fourth quarter worth about $85,000. Flagship Harbor Advisors LLC acquired a new stake in Hingham Institution for Savings in the fourth quarter valued at about $102,000. Finally, Balyasny Asset Management L.P. acquired a new stake in Hingham Institution for Savings in the fourth quarter valued at about $200,000. Hedge funds and other 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.

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