StockNews.com cut shares of Hingham Institution for Savings (NASDAQ:HIFS - Free Report) from a hold rating to a sell rating in a research report released on Tuesday morning.
Hingham Institution for Savings Price Performance
Hingham Institution for Savings stock traded up $1.26 during mid-day trading on Tuesday, hitting $220.20. 8,621 shares of the company were exchanged, compared to its average volume of 15,018. Hingham Institution for Savings has a 12-month low of $162.84 and a 12-month high of $300.00. The company has a market capitalization of $473.43 million, a P/E ratio of 17.16 and a beta of 0.92. The business's 50 day simple moving average is $246.53 and its two-hundred day simple moving average is $255.63. 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 - Get Free Report) last issued its quarterly earnings results on Friday, April 11th. The savings and loans company reported $2.78 EPS for the quarter. The business had revenue of $17.59 million during the quarter. Hingham Institution for Savings had a net margin of 12.97% and a return on equity of 2.95%.
Institutional Investors Weigh In On Hingham Institution for Savings
Several hedge funds have recently modified their holdings of HIFS. GAMMA Investing LLC raised its stake in Hingham Institution for Savings by 28,778.6% during the first quarter. GAMMA Investing LLC now owns 4,043 shares of the savings and loans company's stock worth $9,610,000 after purchasing an additional 4,029 shares during the period. Mackenzie Financial Corp acquired a new stake in shares of Hingham Institution for Savings during the 4th quarter worth $403,000. Rafferty Asset Management LLC raised its position in shares of Hingham Institution for Savings by 9.1% in the 4th quarter. Rafferty Asset Management LLC now owns 2,863 shares of the savings and loans company's stock worth $728,000 after buying an additional 238 shares during the period. Occudo Quantitative Strategies LP acquired a new position in Hingham Institution for Savings in the fourth quarter valued at $295,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 acquiring an additional 49 shares during the period. 49.33% of the stock is owned by institutional investors and hedge funds.
Hingham Institution for Savings Company Profile
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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.
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