Hingham Institution for Savings (NASDAQ:HIFS) Rating Lowered to "Sell" at StockNews.com

StockNews.com cut shares of Hingham Institution for Savings (NASDAQ:HIFS - Free Report) from a hold rating to a sell rating in a research report sent to investors on Friday.

Hingham Institution for Savings Price Performance

Shares of Hingham Institution for Savings stock traded down $3.51 on Friday, hitting $272.02. 22,680 shares of the company traded hands, compared to its average volume of 13,748. Hingham Institution for Savings has a 52 week low of $160.00 and a 52 week high of $300.00. The business has a 50-day simple moving average of $257.46 and a 200 day simple moving average of $256.07. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market capitalization of $584.84 million, a P/E ratio of 21.20 and a beta of 1.02.

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

Hingham Institution for Savings Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Monday, January 6th. Hingham Institution for Savings's payout ratio is presently 19.64%.

Institutional Trading of Hingham Institution for Savings

Large investors have recently added to or reduced their stakes in the company. Rafferty Asset Management LLC grew its holdings in shares of Hingham Institution for Savings by 9.1% in the fourth quarter. Rafferty Asset Management LLC now owns 2,863 shares of the savings and loans company's stock valued at $728,000 after purchasing an additional 238 shares in the last quarter. Occudo Quantitative Strategies LP bought a new position in Hingham Institution for Savings during the fourth quarter valued at $295,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Hingham Institution for Savings by 5.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 886 shares of the savings and loans company's stock worth $225,000 after buying an additional 49 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of Hingham Institution for Savings by 549.2% in the 4th quarter. Focus Partners Wealth now owns 11,069 shares of the savings and loans company's stock worth $2,813,000 after buying an additional 9,364 shares during the last quarter. Finally, Deutsche Bank AG raised its position in shares of Hingham Institution for Savings by 56.7% during the 4th quarter. Deutsche Bank AG now owns 1,460 shares of the savings and loans company's stock valued at $371,000 after buying an additional 528 shares in the last quarter. Institutional investors own 49.33% of the company's stock.

About Hingham Institution for Savings

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.