Hingham Institution for Savings (NASDAQ:HIFS) Shares Cross Above 200-Day Moving Average – Should You Sell?

Shares of Hingham Institution for Savings (NASDAQ:HIFS) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $291.47 and traded as high as $303.53. Hingham Institution for Savings shares last traded at $297.42, with a volume of 48,144 shares.

Analyst Upgrades and Downgrades

Several research firms have commented on HIFS. Wall Street Zen upgraded Hingham Institution for Savings from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded Hingham Institution for Savings from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

Hingham Institution for Savings Stock Performance

The stock has a market cap of $648.97 million, a price-to-earnings ratio of 9.91 and a beta of 0.84. The company has a debt-to-equity ratio of 2.93, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a fifty day moving average of $296.30 and a 200 day moving average of $291.47.

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

Hingham Institution for Savings Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Monday, August 3rd were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $2.52 annualized dividend and a dividend yield of 0.8%. Hingham Institution for Savings’s payout ratio is presently 8.39%.

Institutional Investors Weigh In On Hingham Institution for Savings

A number of hedge funds have recently modified their holdings of HIFS. Parallel Advisors LLC raised its stake in Hingham Institution for Savings by 46.3% during the first quarter. Parallel Advisors LLC now owns 139 shares of the savings and loans company’s stock worth $40,000 after purchasing an additional 44 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Hingham Institution for Savings by 0.7% in the 1st quarter. Bank of New York Mellon Corp now owns 7,014 shares of the savings and loans company’s stock valued at $2,005,000 after buying an additional 51 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of Hingham Institution for Savings by 33.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 206 shares of the savings and loans company’s stock worth $58,000 after buying an additional 52 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Hingham Institution for Savings by 8.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 961 shares of the savings and loans company’s stock worth $229,000 after buying an additional 75 shares during the last quarter. Finally, Royal Bank of Canada raised its position in shares of Hingham Institution for Savings by 11.2% during the 1st quarter. Royal Bank of Canada now owns 793 shares of the savings and loans company’s stock valued at $226,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors 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.