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

Hingham Institution for Savings (NASDAQ:HIFS) was upgraded by analysts at StockNews.com to a “sell” rating in a research report issued to clients and investors on Saturday.

Hingham Institution for Savings Trading Up 0.5 %

NASDAQ:HIFS opened at $177.63 on Friday. The company has a market cap of $381.90 million, a P/E ratio of 15.75 and a beta of 1.00. The stock’s fifty day moving average price is $169.35 and its two-hundred day moving average price is $173.64. Hingham Institution for Savings has a 1 year low of $147.01 and a 1 year 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.

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

Institutional Investors Weigh In On Hingham Institution for Savings

A number of institutional investors and hedge funds have recently made changes to their positions in HIFS. SG Americas Securities LLC purchased a new stake in shares of Hingham Institution for Savings in the third quarter worth $128,000. Bank of New York Mellon Corp raised its position in shares of Hingham Institution for Savings by 2.2% in the third quarter. Bank of New York Mellon Corp now owns 9,150 shares of the savings and loans company’s stock worth $1,709,000 after buying an additional 199 shares in the last quarter. Paragon Advisors LLC raised its position in shares of Hingham Institution for Savings by 14.7% in the third quarter. Paragon Advisors LLC now owns 3,659 shares of the savings and loans company’s stock worth $683,000 after buying an additional 469 shares in the last quarter. Anchor Capital Advisors LLC raised its position in shares of Hingham Institution for Savings by 19.7% in the third quarter. Anchor Capital Advisors LLC now owns 4,179 shares of the savings and loans company’s stock worth $780,000 after buying an additional 689 shares in the last quarter. Finally, Ancora Advisors LLC raised its position in shares of Hingham Institution for Savings by 183.5% in the third quarter. Ancora Advisors LLC now owns 6,132 shares of the savings and loans company’s stock worth $1,145,000 after buying an additional 3,969 shares in the last quarter. Hedge funds and other institutional investors 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.