Hingham Institution for Savings (NASDAQ:HIFS) Upgraded by StockNews.com to “Sell”

StockNews.com upgraded shares of Hingham Institution for Savings (NASDAQ:HIFS) to a sell rating in a research report report published on Saturday.

Hingham Institution for Savings Stock Performance

HIFS traded up $1.55 during midday trading on Friday, hitting $177.63. 2,908 shares of the company were exchanged, compared to its average volume of 19,207. The company’s 50 day simple moving average is $169.35 and its 200 day simple moving average is $173.49. The firm has a market capitalization of $381.90 million, a price-to-earnings ratio of 15.75 and a beta of 1.00. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 4.15. Hingham Institution for Savings has a 1-year low of $147.01 and a 1-year high of $230.77.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its earnings results on Friday, April 12th. The savings and loans company reported $1.01 EPS for the quarter. Hingham Institution for Savings had a return on equity of 2.73% and a net margin of 12.38%. The firm had revenue of $15.33 million for the quarter.

Hingham Institution for Savings Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Monday, May 6th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Friday, May 3rd. Hingham Institution for Savings’s dividend payout ratio (DPR) is 22.34%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. First National Bank Sioux Falls purchased a new position in Hingham Institution for Savings in the 1st quarter worth approximately $215,000. Quadrature Capital Ltd raised its position in shares of Hingham Institution for Savings by 159.8% during the 4th quarter. Quadrature Capital Ltd now owns 6,423 shares of the savings and loans company’s stock valued at $1,243,000 after buying an additional 3,951 shares during the period. Hennessy Advisors Inc. raised its position in shares of Hingham Institution for Savings by 200.0% during the 4th quarter. Hennessy Advisors Inc. now owns 15,000 shares of the savings and loans company’s stock valued at $2,916,000 after buying an additional 10,000 shares during the period. Tower Research Capital LLC TRC raised its position in Hingham Institution for Savings by 161.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 395 shares of the savings and loans company’s stock valued at $77,000 after purchasing an additional 244 shares during the period. Finally, Maren Capital LLC acquired a new position in shares of Hingham Institution for Savings in the 4th quarter valued at $24,064,000. 49.33% of the stock is owned by hedge funds and other institutional investors.

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.