Hingham Institution for Savings (NASDAQ:HIFS) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Separately, ValuEngine upgraded shares of Hingham Institution for Savings from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th.

Hingham Institution for Savings (HIFS) traded down $1.06 on Tuesday, hitting $202.00. 7,900 shares of the stock were exchanged, compared to its average volume of 3,682. Hingham Institution for Savings has a one year low of $148.02 and a one year high of $242.00. The firm has a market cap of $427.64, a P/E ratio of 17.37 and a beta of 0.80.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its quarterly earnings results on Thursday, October 12th. The savings and loans company reported $2.97 earnings per share for the quarter. The company had revenue of $16.41 million during the quarter.

A number of hedge funds and other institutional investors have recently modified their holdings of HIFS. Wells Fargo & Company MN raised its holdings in Hingham Institution for Savings by 3.2% in the 2nd quarter. Wells Fargo & Company MN now owns 929 shares of the savings and loans company’s stock valued at $169,000 after buying an additional 29 shares during the last quarter. Modera Wealth Management LLC bought a new position in Hingham Institution for Savings in the 2nd quarter valued at approximately $200,000. PDT Partners LLC bought a new position in Hingham Institution for Savings in the 2nd quarter valued at approximately $200,000. Capital Analysts LLC bought a new position in Hingham Institution for Savings in the 2nd quarter valued at approximately $203,000. Finally, Alliancebernstein L.P. bought a new position in Hingham Institution for Savings in the 2nd quarter valued at approximately $218,000. Institutional investors and hedge funds own 27.23% of the company’s stock.

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Hingham Institution for Savings Company Profile

Hingham Institution for Savings (the Bank) is a Massachusetts-chartered savings bank (the Bank). The Bank is principally engaged in the business of residential and commercial real estate mortgage lending, funded by a retail deposit network and borrowings. The Bank provides a range of financial services to individuals and small businesses through its approximately 10 offices in Boston and southeastern Massachusetts.

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