Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report)'s stock price fell 8.1% on Friday . The company traded as low as $293.45 and last traded at $285.3010. 22,369 shares were traded during trading, a decline of 64% from the average session volume of 61,497 shares. The stock had previously closed at $310.50.
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 note on Monday, March 23rd. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy".
Get Our Latest Analysis on HIFS
Hingham Institution for Savings Stock Performance
The firm has a market capitalization of $637.26 million, a PE ratio of 11.74 and a beta of 0.94. The company has a debt-to-equity ratio of 3.31, a quick ratio of 1.57 and a current ratio of 1.57. The company's fifty day moving average price is $292.21 and its two-hundred day moving average price is $288.44.
Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last announced its quarterly earnings data on Friday, January 16th. The savings and loans company reported $4.54 earnings per share for the quarter. The business had revenue of $35.02 million for the quarter. Hingham Institution for Savings had a net margin of 23.04% and a return on equity of 7.16%.
Institutional Trading of Hingham Institution for Savings
A number of hedge funds and other institutional investors have recently made changes to their positions in HIFS. Caitong International Asset Management Co. Ltd bought a new stake in shares of Hingham Institution for Savings in the third quarter worth $41,000. Comerica Bank acquired a new position in Hingham Institution for Savings in the fourth quarter worth $43,000. Kestra Advisory Services LLC acquired a new position in Hingham Institution for Savings in the fourth quarter worth $85,000. Flagship Harbor Advisors LLC acquired a new position in Hingham Institution for Savings in the fourth quarter worth $102,000. Finally, Balyasny Asset Management L.P. acquired a new position in Hingham Institution for Savings in the fourth quarter worth $200,000. Institutional investors own 49.33% of the company's stock.
About Hingham Institution for Savings
(
Get Free Report)
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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