Hingham Institution for Savings (NASDAQ:HIFS) Raised to “Sell” at StockNews.com

StockNews.com upgraded shares of Hingham Institution for Savings (NASDAQ:HIFS) to a sell rating in a report published on Wednesday morning.

Hingham Institution for Savings Price Performance

Hingham Institution for Savings stock opened at $170.63 on Wednesday. The firm has a market capitalization of $366.34 million, a PE ratio of 15.13 and a beta of 1.02. Hingham Institution for Savings has a 52 week low of $147.01 and a 52 week high of $230.77. The firm’s 50-day simple moving average is $167.43 and its 200 day simple moving average is $173.49. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 4.15.

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

Hingham Institution for Savings Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Monday, May 6th will be issued a $0.63 dividend. The ex-dividend date is Friday, May 3rd. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.48%. Hingham Institution for Savings’s dividend payout ratio (DPR) is 22.34%.

Institutional Trading of Hingham Institution for Savings

A number of large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its stake in Hingham Institution for Savings by 77.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 151 shares of the savings and loans company’s stock valued at $28,000 after purchasing an additional 66 shares during the last quarter. Copeland Capital Management LLC grew its holdings in shares of Hingham Institution for Savings by 97.6% during the fourth quarter. Copeland Capital Management LLC now owns 168 shares of the savings and loans company’s stock worth $33,000 after buying an additional 83 shares in the last quarter. Barclays PLC grew its holdings in shares of Hingham Institution for Savings by 533.9% during the fourth quarter. Barclays PLC now owns 393 shares of the savings and loans company’s stock worth $108,000 after buying an additional 331 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Hingham Institution for Savings by 161.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 395 shares of the savings and loans company’s stock valued at $77,000 after buying an additional 244 shares during the last quarter. Finally, Citigroup Inc. lifted its stake in shares of Hingham Institution for Savings by 1,060.9% during the second quarter. Citigroup Inc. now owns 534 shares of the savings and loans company’s stock valued at $114,000 after buying an additional 488 shares during the period. Institutional investors and hedge funds 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.