Hingham Institution for Savings (HIFS) Upgraded to “Hold” at BidaskClub

Hingham Institution for Savings (NASDAQ:HIFS) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

HIFS opened at $215.24 on Friday. Hingham Institution for Savings has a twelve month low of $173.30 and a twelve month high of $242.00. The stock has a market cap of $442.26 million, a P/E ratio of 15.93 and a beta of 0.82.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its quarterly earnings data on Thursday, April 12th. The savings and loans company reported $4.08 earnings per share for the quarter. The firm had revenue of $17.75 million for the quarter.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Grandeur Peak Global Advisors LLC lifted its holdings in shares of Hingham Institution for Savings by 2.6% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 35,615 shares of the savings and loans company’s stock worth $7,372,000 after acquiring an additional 900 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Hingham Institution for Savings by 21.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 3,030 shares of the savings and loans company’s stock worth $628,000 after acquiring an additional 534 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of Hingham Institution for Savings in the fourth quarter worth about $565,000. Wells Fargo & Company MN lifted its holdings in shares of Hingham Institution for Savings by 107.7% in the fourth quarter. Wells Fargo & Company MN now owns 3,028 shares of the savings and loans company’s stock worth $627,000 after acquiring an additional 1,570 shares during the last quarter. Finally, Opus Capital Group LLC lifted its holdings in shares of Hingham Institution for Savings by 97.1% in the fourth quarter. Opus Capital Group LLC now owns 12,333 shares of the savings and loans company’s stock worth $2,553,000 after acquiring an additional 6,075 shares during the last quarter. 31.02% of the stock is owned by institutional investors and hedge funds.

Hingham Institution for Savings Company Profile

Hingham Institution for Savings (the Bank) is a Massachusetts-chartered savings bank (the Bank). The Bank is principally engaged in the business of residential and commercial real estate mortgage lending, funded by a retail deposit network and borrowings. The Bank provides a range of financial services to individuals and small businesses through its approximately 10 offices in Boston and southeastern Massachusetts.

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