Hingham Institution for Savings (NASDAQ:HIFS) Stock Rating Upgraded by Wall Street Zen

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

Separately, Weiss Ratings upgraded Hingham Institution for Savings from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Hingham Institution for Savings currently has an average rating of “Buy”.

Hingham Institution for Savings Price Performance

HIFS opened at $301.57 on Friday. The company has a market capitalization of $657.42 million, a P/E ratio of 10.05 and a beta of 0.84. The company has a 50-day moving average of $292.71 and a 200-day moving average of $291.29. The company has a debt-to-equity ratio of 2.93, a quick ratio of 1.64 and a current ratio of 1.64. Hingham Institution for Savings has a 1-year low of $238.85 and a 1-year high of $337.99.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its quarterly earnings results on Friday, July 17th. The savings and loans company reported $4.82 EPS for the quarter. The business had revenue of $42.92 million for the quarter. Hingham Institution for Savings had a net margin of 25.94% and a return on equity of 8.43%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in Hingham Institution for Savings in the second quarter valued at $47,163,000. Two Sigma Investments LP boosted its holdings in shares of Hingham Institution for Savings by 150.9% during the third quarter. Two Sigma Investments LP now owns 27,199 shares of the savings and loans company’s stock valued at $7,175,000 after acquiring an additional 16,360 shares during the period. Mission Wealth Management LP bought a new position in shares of Hingham Institution for Savings during the fourth quarter worth about $4,222,000. Bessemer Group Inc. bought a new position in shares of Hingham Institution for Savings during the first quarter worth about $4,002,000. Finally, Bank of America Corp DE grew its position in shares of Hingham Institution for Savings by 337.2% during the third quarter. Bank of America Corp DE now owns 13,856 shares of the savings and loans company’s stock worth $3,655,000 after acquiring an additional 10,687 shares during the last quarter. Institutional investors and hedge funds own 49.33% of the company’s stock.

Hingham Institution for Savings Company Profile

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.