Wall Street Zen Downgrades Hingham Institution for Savings (NASDAQ:HIFS) to Sell

Key Points

• Wall Street Zen downgraded Hingham Institution for Savings (NASDAQ:HIFS) from hold to sell in a report issued Saturday.
• Another firm, Weiss Ratings, recently moved the stock in the opposite direction, upgrading HIFS from hold (c+) to buy (b-). MarketBeat notes the overall analyst consensus remains Buy.
• The company reported Q1 earnings of $4.79 per share on $22.43 million in revenue, while shares opened Friday at $283.59 with a market cap of about $618 million.

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

Separately, Weiss Ratings upgraded shares of Hingham Institution for Savings from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, March 23rd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy".

Hingham Institution for Savings Stock Performance

NASDAQ:HIFS opened at $283.59 on Friday. 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 has a fifty day moving average of $284.73 and a two-hundred day moving average of $290.96. The stock has a market capitalization of $618.23 million, a PE ratio of 12.43 and a beta of 0.85. Hingham Institution for Savings has a fifty-two week low of $220.76 and a fifty-two week high of $337.99.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last issued its earnings results on Friday, April 17th. The savings and loans company reported $4.79 EPS for the quarter. The business had revenue of $22.43 million during the quarter. Hingham Institution for Savings had a net margin of 21.17% and a return on equity of 8.06%.

Institutional Investors Weigh In On Hingham Institution for Savings

A number of hedge funds have recently modified their holdings of the company. Rhumbline Advisers grew its holdings in shares of Hingham Institution for Savings by 1.7% in the third quarter. Rhumbline Advisers now owns 2,265 shares of the savings and loans company's stock valued at $597,000 after purchasing an additional 38 shares during the period. Parallel Advisors LLC grew its holdings in shares of Hingham Institution for Savings by 46.3% in the first quarter. Parallel Advisors LLC now owns 139 shares of the savings and loans company's stock valued at $40,000 after purchasing an additional 44 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Hingham Institution for Savings by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 7,014 shares of the savings and loans company's stock valued at $2,005,000 after purchasing an additional 51 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in shares of Hingham Institution for Savings by 33.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 206 shares of the savings and loans company's stock valued at $58,000 after purchasing an additional 52 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Hingham Institution for Savings by 8.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 961 shares of the savings and loans company's stock valued at $229,000 after purchasing an additional 75 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 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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