Hingham Institution for Savings (NASDAQ:HIFS) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of Hingham Institution for Savings (NASDAQ:HIFS) from a hold rating to a sell rating in a report released on Friday.

Hingham Institution for Savings Trading Down 0.7 %

Hingham Institution for Savings stock opened at $275.53 on Friday. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.57 and a quick ratio of 1.57. Hingham Institution for Savings has a one year low of $160.00 and a one year high of $300.00. The stock has a market capitalization of $592.39 million, a PE ratio of 21.48 and a beta of 1.02. The business’s fifty day moving average is $257.43 and its 200 day moving average is $255.81.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its earnings results on Friday, January 17th. The savings and loans company reported $2.16 earnings per share for the quarter. Hingham Institution for Savings had a return on equity of 2.95% and a net margin of 12.97%.

Hingham Institution for Savings Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, January 6th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.91%. The ex-dividend date was Monday, January 6th. Hingham Institution for Savings’s dividend payout ratio (DPR) is presently 19.64%.

Hedge Funds Weigh In On Hingham Institution for Savings

Several institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in shares of Hingham Institution for Savings by 113.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,938 shares of the savings and loans company’s stock worth $715,000 after purchasing an additional 1,560 shares during the period. JPMorgan Chase & Co. raised its position in shares of Hingham Institution for Savings by 508.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,163 shares of the savings and loans company’s stock worth $1,256,000 after acquiring an additional 4,314 shares in the last quarter. Barclays PLC raised its position in shares of Hingham Institution for Savings by 477.9% in the 3rd quarter. Barclays PLC now owns 3,063 shares of the savings and loans company’s stock worth $746,000 after acquiring an additional 2,533 shares in the last quarter. State Street Corp raised its position in shares of Hingham Institution for Savings by 40.1% in the 3rd quarter. State Street Corp now owns 52,434 shares of the savings and loans company’s stock worth $12,758,000 after acquiring an additional 15,000 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in shares of Hingham Institution for Savings in the 3rd quarter worth $3,248,000. Hedge funds and other 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.