Hingham Institution for Savings (NASDAQ:HIFS) Upgraded at StockNews.com

Hingham Institution for Savings (NASDAQ:HIFS) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Hingham Institution for Savings Stock Down 3.6 %

NASDAQ HIFS opened at $260.96 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.63. Hingham Institution for Savings has a 1-year low of $160.00 and a 1-year high of $300.00. The company has a 50 day moving average of $256.88 and a 200-day moving average of $256.47. The company has a market cap of $561.06 million, a price-to-earnings ratio of 20.34 and a beta of 1.02.

Hingham Institution for Savings (NASDAQ:HIFS) last released its quarterly 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 net margin of 12.97% and a return on equity of 2.95%.

Hedge Funds Weigh In On Hingham Institution for Savings

A number of hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Hingham Institution for Savings by 5.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 886 shares of the savings and loans company’s stock worth $225,000 after purchasing an additional 49 shares during the period. Anchor Capital Advisors LLC lifted its holdings in Hingham Institution for Savings by 1.6% in the fourth quarter. Anchor Capital Advisors LLC now owns 5,380 shares of the savings and loans company’s stock valued at $1,367,000 after buying an additional 85 shares during the period. FMR LLC lifted its holdings in Hingham Institution for Savings by 27.0% in the third quarter. FMR LLC now owns 419 shares of the savings and loans company’s stock valued at $102,000 after buying an additional 89 shares during the period. MetLife Investment Management LLC increased its position in Hingham Institution for Savings by 10.9% in the 4th quarter. MetLife Investment Management LLC now owns 935 shares of the savings and loans company’s stock valued at $238,000 after buying an additional 92 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. increased its holdings in shares of Hingham Institution for Savings by 7.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,424 shares of the savings and loans company’s stock valued at $362,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds 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.