Hingham Institution for Savings (NASDAQ:HIFS) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Hingham Institution for Savings (NASDAQ:HIFS) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $288.15 and traded as low as $273.59. Hingham Institution for Savings shares last traded at $275.37, with a volume of 59,832 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Hingham Institution for Savings from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Hingham Institution for Savings currently has a consensus rating of “Buy”.

Hingham Institution for Savings Price Performance

The stock has a market cap of $596.36 million, a price-to-earnings ratio of 11.05 and a beta of 1.02. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.31. The company’s 50-day moving average is $294.64 and its 200-day moving average is $288.01.

Hingham Institution for Savings (NASDAQ:HIFS) last released its quarterly earnings data on Friday, January 16th. The savings and loans company reported $4.54 earnings per share for the quarter. Hingham Institution for Savings had a return on equity of 7.16% and a net margin of 23.04%.The company had revenue of $35.02 million for the quarter.

Hingham Institution for Savings declared that its board has approved a stock buyback program on Friday, December 5th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the savings and loans company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Institutional Trading of Hingham Institution for Savings

Large investors have recently bought and sold shares of the stock. Liontrust Investment Partners LLP bought a new position in shares of Hingham Institution for Savings during the third quarter valued at $2,009,000. Aptus Capital Advisors LLC grew its holdings in shares of Hingham Institution for Savings by 14.9% in the 3rd quarter. Aptus Capital Advisors LLC now owns 24,737 shares of the savings and loans company’s stock worth $6,525,000 after purchasing an additional 3,217 shares during the last quarter. De Lisle Partners LLP grew its holdings in shares of Hingham Institution for Savings by 5.3% in the 2nd quarter. De Lisle Partners LLP now owns 27,259 shares of the savings and loans company’s stock worth $6,780,000 after purchasing an additional 1,360 shares during the last quarter. Rafferty Asset Management LLC increased its position in shares of Hingham Institution for Savings by 112.8% during the 3rd quarter. Rafferty Asset Management LLC now owns 6,035 shares of the savings and loans company’s stock worth $1,592,000 after purchasing an additional 3,199 shares in the last quarter. Finally, Quantbot Technologies LP lifted its holdings in Hingham Institution for Savings by 263.0% during the 2nd quarter. Quantbot Technologies LP now owns 6,105 shares of the savings and loans company’s stock valued at $1,516,000 after purchasing an additional 4,423 shares during the last quarter. 49.33% of the stock is currently owned by institutional investors.

About Hingham Institution for Savings

Hingham Institution for Savings is a mutual savings bank headquartered in Hingham, Massachusetts. Founded in 1834, the bank combines the community-oriented focus of a mutual institution with the transparency and oversight associated with a publicly traded company under the NASDAQ ticker HIFS.

The institution’s core activities include deposit and lending services tailored to individuals and businesses. Deposit offerings encompass checking and savings accounts, money market accounts, certificates of deposit and individual retirement accounts, supported by online and mobile banking platforms.