BidaskClub lowered shares of Hingham Institution for Savings (NASDAQ:HIFS) from a hold rating to a sell rating in a report released on Friday morning.

Separately, ValuEngine raised Hingham Institution for Savings from a hold rating to a buy rating in a research note on Thursday, November 30th.

Hingham Institution for Savings (NASDAQ:HIFS) traded down $0.35 on Friday, hitting $201.25. The company had a trading volume of 1,766 shares, compared to its average volume of 3,460. The firm has a market capitalization of $424.57, a price-to-earnings ratio of 17.22 and a beta of 0.81. Hingham Institution for Savings has a fifty-two week low of $148.02 and a fifty-two week high of $242.00.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its quarterly earnings results on Thursday, October 12th. The savings and loans company reported $2.97 earnings per share (EPS) for the quarter. The business had revenue of $16.41 million during the quarter.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, January 5th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Thursday, January 4th. Hingham Institution for Savings’s payout ratio is 11.63%.

Large investors have recently modified their holdings of the business. Wells Fargo & Company MN boosted its stake in Hingham Institution for Savings by 3.2% in the 2nd quarter. Wells Fargo & Company MN now owns 929 shares of the savings and loans company’s stock worth $169,000 after buying an additional 29 shares during the last quarter. PDT Partners LLC acquired a new stake in Hingham Institution for Savings in the 2nd quarter worth about $200,000. Modera Wealth Management LLC acquired a new stake in Hingham Institution for Savings in the 2nd quarter worth about $200,000. OxFORD Asset Management LLP acquired a new stake in Hingham Institution for Savings in the 3rd quarter worth about $227,000. Finally, Alliancebernstein L.P. acquired a new stake in Hingham Institution for Savings in the 2nd quarter worth about $218,000. 27.22% of the stock is currently owned by hedge funds and other institutional investors.

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Hingham Institution for Savings Company Profile

Hingham Institution for Savings (the Bank) is a Massachusetts-chartered savings bank (the Bank). The Bank is principally engaged in the business of residential and commercial real estate mortgage lending, funded by a retail deposit network and borrowings. The Bank provides a range of financial services to individuals and small businesses through its approximately 10 offices in Boston and southeastern Massachusetts.

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