Hingham Institution for Savings (NASDAQ:HIFS) Upgraded at Wall Street Zen

Hingham Institution for Savings (NASDAQ:HIFS) was upgraded by stock analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued on Sunday.

Separately, Weiss Ratings upgraded shares of Hingham Institution for Savings from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 12th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Hingham Institution for Savings Price Performance

Shares of NASDAQ HIFS traded down $0.59 during trading on Friday, reaching $290.74. The company had a trading volume of 39,945 shares, compared to its average volume of 28,707. 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 twelve month low of $235.17 and a twelve month high of $337.99. The stock has a 50-day moving average price of $287.59 and a two-hundred day moving average price of $290.79. The stock has a market capitalization of $634.39 million, a PE ratio of 12.75 and a beta of 0.83.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its quarterly earnings data on Friday, April 17th. The savings and loans company reported $4.79 EPS for the quarter. The business had revenue of $22.43 million for the quarter. Hingham Institution for Savings had a return on equity of 7.89% and a net margin of 21.17%.

Hedge Funds Weigh In On Hingham Institution for Savings

Several institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC lifted its position in Hingham Institution for Savings by 46.3% during the first quarter. Parallel Advisors LLC now owns 139 shares of the savings and loans company’s stock worth $40,000 after buying an additional 44 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Hingham Institution for Savings in the 3rd quarter worth about $41,000. Comerica Bank purchased a new stake in Hingham Institution for Savings in the 4th quarter valued at about $43,000. Fifth Third Bancorp purchased a new stake in Hingham Institution for Savings in the 1st quarter valued at about $44,000. Finally, Kestra Advisory Services LLC purchased a new stake in Hingham Institution for Savings in the 4th quarter valued at about $85,000. 49.33% of the stock is currently owned by institutional investors and hedge funds.

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.