Hingham Institution for Savings (NASDAQ:HIFS) Upgraded to Sell at StockNews.com

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

Hingham Institution for Savings Price Performance

Shares of NASDAQ HIFS opened at $178.75 on Friday. The stock has a market capitalization of $384.31 million, a PE ratio of 15.85 and a beta of 1.00. Hingham Institution for Savings has a fifty-two week low of $147.01 and a fifty-two week high of $230.77. The company has a debt-to-equity ratio of 4.15, a current ratio of 1.66 and a quick ratio of 1.66. The business has a fifty day moving average price of $170.01 and a two-hundred day moving average price of $174.00.

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

Hingham Institution for Savings Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Monday, May 6th will be paid a $0.63 dividend. The ex-dividend date is Friday, May 3rd. This represents a $2.52 dividend on an annualized basis and a yield of 1.41%. Hingham Institution for Savings’s dividend payout ratio (DPR) is 22.34%.

Hedge Funds Weigh In On Hingham Institution for Savings

A number of institutional investors have recently modified their holdings of the business. Copeland Capital Management LLC boosted its holdings in shares of Hingham Institution for Savings by 97.6% during the 4th quarter. Copeland Capital Management LLC now owns 168 shares of the savings and loans company’s stock valued at $33,000 after acquiring an additional 83 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Hingham Institution for Savings by 161.6% during 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 acquiring an additional 244 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Hingham Institution for Savings during the third quarter worth $128,000. SeaCrest Wealth Management LLC acquired a new stake in Hingham Institution for Savings in the fourth quarter valued at $200,000. Finally, First National Bank Sioux Falls bought a new stake in shares of Hingham Institution for Savings in the 1st quarter valued at about $215,000. Institutional investors and hedge funds own 49.33% of the company’s stock.

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.