Hingham Institution for Savings (NASDAQ:HIFS) Upgraded by Wall Street Zen to Hold Rating

Key Points

• Wall Street Zen upgraded Hingham Institution for Savings from “Sell” to “Hold,” while Weiss Ratings separately raised its rating from “Hold (C+)” to “Buy (B-).” MarketBeat reports an overall average rating of “Buy.”
• HIFS shares opened at $301.57, with a market capitalization of $657.42 million and a 12-month trading range of $238.85 to $337.99. The bank recently reported quarterly EPS of $4.82 on revenue of $42.92 million.
• Institutional investors own 49.33% of the stock, with several funds recently initiating or increasing positions, including Maren Capital, RFG Bristol Wealth Advisors and Caitong International Asset Management.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings upgraded Hingham Institution for Savings from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, June 12th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy".

Hingham Institution for Savings Price Performance

Shares of NASDAQ:HIFS opened at $301.57 on Friday. The firm has a 50 day moving average of $292.71 and a 200-day moving average of $291.31. The stock has a market capitalization of $657.42 million, a PE ratio of 10.05 and a beta of 0.84. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.93. Hingham Institution for Savings has a 12 month low of $238.85 and a 12 month high of $337.99.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last posted its quarterly earnings results on Friday, July 17th. The savings and loans company reported $4.82 earnings per share (EPS) for the quarter. The business had revenue of $42.92 million for the quarter. Hingham Institution for Savings had a net margin of 25.94% and a return on equity of 8.43%.

Institutional Trading of Hingham Institution for Savings

Several hedge funds and other institutional investors have recently made changes to their positions in HIFS. Bessemer Group Inc. acquired a new stake in Hingham Institution for Savings during the 1st quarter worth approximately $4,002,000. Maren Capital LLC increased its position in Hingham Institution for Savings by 1.8% in the 4th quarter. Maren Capital LLC now owns 208,659 shares of the savings and loans company's stock valued at $59,251,000 after acquiring an additional 3,726 shares during the period. Mission Wealth Management LP acquired a new position in Hingham Institution for Savings in the 4th quarter valued at approximately $4,222,000. RFG Bristol Wealth Advisors LLC increased its position in Hingham Institution for Savings by 17.1% in the 1st quarter. RFG Bristol Wealth Advisors LLC now owns 3,001 shares of the savings and loans company's stock valued at $858,000 after acquiring an additional 439 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Hingham Institution for Savings by 176.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the savings and loans company's stock valued at $121,000 after acquiring an additional 272 shares during the last quarter. 49.33% of the stock is currently owned by institutional investors.

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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