Hingham Institution for Savings (NASDAQ:HIFS) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Hingham Institution for Savings (NASDAQ:HIFS) from a sell rating to a hold rating in a research report sent to investors on Monday morning.

Hingham Institution for Savings Trading Up 0.1 %

HIFS opened at $232.28 on Monday. The stock has a market cap of $498.71 million, a PE ratio of 22.00 and a beta of 1.02. The business has a 50 day moving average of $268.96 and a 200-day moving average of $247.45. Hingham Institution for Savings has a 52 week low of $150.11 and a 52 week high of $300.00. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.63.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its quarterly earnings data on Friday, October 11th. The savings and loans company reported $1.44 EPS for the quarter. The business had revenue of $15.21 million during the quarter. Hingham Institution for Savings had a return on equity of 2.27% and a net margin of 10.95%.

Hingham Institution for Savings Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, January 6th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.08%. The ex-dividend date is Monday, January 6th. Hingham Institution for Savings’s payout ratio is currently 23.86%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its stake in shares of Hingham Institution for Savings by 24,231.0% in the third quarter. International Assets Investment Management LLC now owns 437,958 shares of the savings and loans company’s stock worth $1,065,600,000 after acquiring an additional 436,158 shares during the last quarter. Doma Perpetual Capital Management LLC grew its position in Hingham Institution for Savings by 120.9% during the 2nd quarter. Doma Perpetual Capital Management LLC now owns 85,568 shares of the savings and loans company’s stock valued at $15,306,000 after purchasing an additional 46,834 shares during the last quarter. State Street Corp increased its stake in Hingham Institution for Savings by 40.1% during the 3rd quarter. State Street Corp now owns 52,434 shares of the savings and loans company’s stock valued at $12,758,000 after purchasing an additional 15,000 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Hingham Institution for Savings in the third quarter worth approximately $3,248,000. Finally, De Lisle Partners LLP grew its holdings in shares of Hingham Institution for Savings by 60.8% during the third quarter. De Lisle Partners LLP now owns 18,227 shares of the savings and loans company’s stock valued at $4,414,000 after buying an additional 6,891 shares during the last quarter. Institutional investors own 49.33% of the company’s stock.

Hingham Institution for Savings Company Profile

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.