Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) was upgraded by stock analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Monday.
Hingham Institution for Savings Price Performance
Shares of HIFS stock traded up $0.24 on Monday, reaching $232.28. 16,998 shares of the company were exchanged, compared to its average volume of 18,671. Hingham Institution for Savings has a 1 year low of $150.11 and a 1 year high of $300.00. 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 business has a 50-day moving average price of $268.96 and a 200 day moving average price of $247.45. The company has a market cap of $498.71 million, a price-to-earnings ratio of 22.00 and a beta of 1.02.
Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last announced its earnings results on Friday, October 11th. The savings and loans company reported $1.44 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a net margin of 10.95% and a return on equity of 2.27%. The company had revenue of $15.21 million for the quarter.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Copeland Capital Management LLC acquired a new stake in shares of Hingham Institution for Savings in the third quarter valued at approximately $61,000. FMR LLC grew its holdings in Hingham Institution for Savings by 27.0% in the 3rd 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 in the last quarter. Wallace Capital Management Inc. acquired a new stake in shares of Hingham Institution for Savings in the 3rd quarter worth $219,000. Quantbot Technologies LP raised its holdings in shares of Hingham Institution for Savings by 49.1% during the 3rd quarter. Quantbot Technologies LP now owns 950 shares of the savings and loans company's stock worth $231,000 after acquiring an additional 313 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Hingham Institution for Savings during the 3rd quarter valued at about $243,000. 49.33% of the stock is owned by hedge funds and other institutional investors.
About Hingham Institution for Savings
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Hingham Institution for Savings, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hingham Institution for Savings wasn't on the list.
While Hingham Institution for Savings currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
