Shares of Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $256.55, but opened at $246.67. Hingham Institution for Savings shares last traded at $245.25, with a volume of 13,891 shares trading hands.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of Hingham Institution for Savings from a "sell" rating to a "hold" rating in a report on Saturday, February 22nd.
View Our Latest Stock Analysis on Hingham Institution for Savings
Hingham Institution for Savings Price Performance
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 stock's fifty day simple moving average is $255.47 and its 200-day simple moving average is $258.53. The company has a market capitalization of $517.04 million, a P/E ratio of 18.77 and a beta of 0.99.
Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last released 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 net margin of 12.97% and a return on equity of 2.95%.
Institutional Investors Weigh In On Hingham Institution for Savings
Several hedge funds have recently made changes to their positions in HIFS. State Street Corp lifted its stake in shares of Hingham Institution for Savings by 40.1% in the third quarter. State Street Corp now owns 52,434 shares of the savings and loans company's stock valued at $12,758,000 after buying an additional 15,000 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Hingham Institution for Savings in the third quarter valued at about $3,248,000. Focus Partners Wealth lifted its stake in shares of Hingham Institution for Savings by 549.2% in the fourth quarter. Focus Partners Wealth now owns 11,069 shares of the savings and loans company's stock valued at $2,813,000 after buying an additional 9,364 shares during the period. De Lisle Partners LLP lifted its stake in Hingham Institution for Savings by 60.8% during the third quarter. De Lisle Partners LLP now owns 18,227 shares of the savings and loans company's stock worth $4,414,000 after purchasing an additional 6,891 shares during the period. Finally, Maren Capital LLC lifted its stake in Hingham Institution for Savings by 4.1% during the third quarter. Maren Capital LLC now owns 162,887 shares of the savings and loans company's stock worth $39,632,000 after purchasing an additional 6,416 shares during the period. Institutional investors own 49.33% of the company's stock.
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.
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