Hingham Institution for Savings (NASDAQ:HIFS) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen cut shares of Hingham Institution for Savings (NASDAQ:HIFS) from a hold rating to a sell rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings raised 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 investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Hingham Institution for Savings currently has a consensus rating of “Buy”.

Hingham Institution for Savings Trading Down 1.2%

HIFS opened at $283.59 on Friday. Hingham Institution for Savings has a twelve month low of $220.76 and a twelve month high of $337.99. The company has a 50-day simple moving average of $284.73 and a 200 day simple moving average of $290.96. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.31. The stock has a market capitalization of $618.23 million, a price-to-earnings ratio of 12.43 and a beta of 0.85.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its quarterly earnings data on Friday, April 17th. The savings and loans company reported $4.79 earnings per share for the quarter. Hingham Institution for Savings had a net margin of 21.17% and a return on equity of 8.06%. The business had revenue of $22.43 million during the quarter.

Hingham Institution for Savings Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 13th. Investors of record on Monday, May 4th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Monday, May 4th. This represents a $2.52 annualized dividend and a yield of 0.9%. Hingham Institution for Savings’s dividend payout ratio is currently 11.05%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HIFS. Parallel Advisors LLC lifted 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 worth $40,000 after acquiring an additional 44 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Hingham Institution for Savings in the third quarter worth about $41,000. Comerica Bank bought a new position in shares of Hingham Institution for Savings in the fourth quarter worth about $43,000. Fifth Third Bancorp bought a new position in shares of Hingham Institution for Savings in the first quarter worth about $44,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Hingham Institution for Savings in the fourth quarter worth about $85,000. 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.