Hingham Institution for Savings (NASDAQ:HIFS) Shares Gap Down - Should You Sell?

Shares of Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $220.37, but opened at $211.00. Hingham Institution for Savings shares last traded at $235.26, with a volume of 13,697 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Hingham Institution for Savings from a "hold" rating to a "sell" rating in a report on Tuesday, April 8th.

Hingham Institution for Savings Trading Up 0.6 %

The business's 50 day simple moving average is $246.53 and its 200 day simple moving average is $255.50. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market capitalization of $473.43 million, a price-to-earnings ratio of 17.16 and a beta of 0.92.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last issued its quarterly earnings results on Friday, April 11th. The savings and loans company reported $2.78 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a return on equity of 2.95% and a net margin of 12.97%. The firm had revenue of $17.59 million for the quarter.

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Institutional Investors Weigh In On Hingham Institution for Savings

Several hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its position in Hingham Institution for Savings by 28,778.6% during the 1st quarter. GAMMA Investing LLC now owns 4,043 shares of the savings and loans company's stock worth $9,610,000 after buying an additional 4,029 shares during the last quarter. Mackenzie Financial Corp purchased a new position in Hingham Institution for Savings during the fourth quarter worth about $403,000. Rafferty Asset Management LLC lifted its position in 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 during the period. Occudo Quantitative Strategies LP purchased a new stake in Hingham Institution for Savings in the 4th quarter valued at approximately $295,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Hingham Institution for Savings by 5.9% during 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 purchasing an additional 49 shares during the period. 49.33% of the stock is owned by institutional investors and hedge funds.

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.