Hingham Institution for Savings (NASDAQ:HIFS) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Hingham Institution for Savings (NASDAQ:HIFS – Get Rating) in a research report report published on Thursday morning. The firm issued a sell rating on the savings and loans company’s stock.

Separately, TheStreet raised shares of Hingham Institution for Savings from a c+ rating to a b- rating in a research note on Wednesday, December 7th.

Hingham Institution for Savings Trading Down 1.1 %

Shares of HIFS traded down $2.77 during mid-day trading on Thursday, reaching $240.00. The stock had a trading volume of 35,489 shares, compared to its average volume of 14,074. The company has a debt-to-equity ratio of 2.85, a current ratio of 1.38 and a quick ratio of 1.38. Hingham Institution for Savings has a 52-week low of $230.00 and a 52-week high of $355.05. The business’s fifty day moving average is $282.43 and its 200 day moving average is $273.61. The firm has a market cap of $516 million, a price-to-earnings ratio of 14.08 and a beta of 0.92.

Hingham Institution for Savings (NASDAQ:HIFS – Get Rating) last announced its earnings results on Thursday, January 19th. The savings and loans company reported $4.42 earnings per share for the quarter. The company had revenue of $24.22 million during the quarter. Hingham Institution for Savings had a net margin of 31.71% and a return on equity of 14.76%.

Institutional Trading of Hingham Institution for Savings

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Belpointe Asset Management LLC purchased a new position in Hingham Institution for Savings in the 4th quarter valued at $28,000. Barclays PLC raised its stake in Hingham Institution for Savings by 533.9% in the 4th quarter. Barclays PLC now owns 393 shares of the savings and loans company’s stock valued at $108,000 after purchasing an additional 331 shares during the last quarter. Deutsche Bank AG raised its stake in Hingham Institution for Savings by 14.0% in the 4th quarter. Deutsche Bank AG now owns 683 shares of the savings and loans company’s stock valued at $188,000 after purchasing an additional 84 shares during the last quarter. MetLife Investment Management LLC raised its stake in Hingham Institution for Savings by 53.5% in the 1st quarter. MetLife Investment Management LLC now owns 726 shares of the savings and loans company’s stock valued at $249,000 after purchasing an additional 253 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Hingham Institution for Savings in the 1st quarter valued at about $254,000. Institutional investors and hedge funds own 36.93% of the company’s stock.

Hingham Institution for Savings Company Profile

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Hingham Institution for Savings provides community banking services. It engages in the business of commercial and residential real estate mortgage lending, funded by retail deposits, wholesale deposits and borrowings. The company was founded in 1834 and is headquartered in Hingham, MA.