Hingham Institution for Savings (NASDAQ:HIFS) Lifted to Sell at StockNews.com (2024)

StockNews.com upgraded shares of Hingham Institution for Savings (NASDAQ:HIFS - Free Report) to a sell rating in a research report report published on Saturday morning.

Hingham Institution for Savings Stock Performance

Shares of HIFS stock opened at $177.63 on Friday. The stock has a fifty day moving average of $169.12 and a 200 day moving average of $173.26. The firm has a market capitalization of $381.90 million, a price-to-earnings ratio of 15.75 and a beta of 1.00. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 4.15. Hingham Institution for Savings has a 52 week low of $147.01 and a 52 week high of $230.77.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last issued its quarterly earnings results on Friday, April 12th. The savings and loans company reported $1.01 earnings per share for the quarter. The company had revenue of $15.33 million for the quarter. Hingham Institution for Savings had a return on equity of 2.73% and a net margin of 12.38%.

Hingham Institution for Savings Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Monday, May 6th will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, May 3rd. This represents a $2.52 annualized dividend and a dividend yield of 1.42%. Hingham Institution for Savings's payout ratio is 22.34%.

Institutional Trading of Hingham Institution for Savings

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Copeland Capital Management LLC grew its stake in shares of Hingham Institution for Savings by 97.6% in the fourth quarter. Copeland Capital Management LLC now owns 168 shares of the savings and loans company's stock worth $33,000 after acquiring an additional 83 shares during the last quarter. SG Americas Securities LLC grew its position in Hingham Institution for Savings by 22.4% during the 4th quarter. SG Americas Securities LLC now owns 840 shares of the savings and loans company's stock valued at $163,000 after purchasing an additional 154 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Hingham Institution for Savings by 2.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 9,150 shares of the savings and loans company's stock valued at $1,709,000 after purchasing an additional 199 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Hingham Institution for Savings by 161.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 395 shares of the savings and loans company's stock worth $77,000 after buying an additional 244 shares in the last quarter. Finally, Paragon Advisors LLC boosted its stake in Hingham Institution for Savings by 14.7% during the 3rd quarter. Paragon Advisors LLC now owns 3,659 shares of the savings and loans company's stock valued at $683,000 after purchasing an additional 469 shares during the last quarter. Hedge funds and other institutional investors own 49.33% of the company's stock.

Hingham Institution for Savings Company Profile

(Get Free Report)

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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