Hingham Institution for Savings (NASDAQ:HIFS) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of Hingham Institution for Savings (NASDAQ:HIFS) from a sell rating to a hold rating in a report released on Saturday.

Hingham Institution for Savings Price Performance

Shares of HIFS opened at $260.96 on Friday. The company has a 50 day moving average price of $256.57 and a 200-day moving average price of $256.69. Hingham Institution for Savings has a fifty-two week low of $160.00 and a fifty-two week high of $300.00. The stock has a market capitalization of $561.06 million, a PE ratio of 20.34 and a beta of 1.02. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.57 and a current ratio of 1.57.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its quarterly earnings results on Friday, January 17th. The savings and loans company reported $2.16 earnings per share for the quarter. Hingham Institution for Savings had a net margin of 12.97% and a return on equity of 2.95%.

Hingham Institution for Savings Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, January 6th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Monday, January 6th. Hingham Institution for Savings’s dividend payout ratio (DPR) is currently 19.64%.

Institutional Trading of Hingham Institution for Savings

Institutional investors have recently modified their holdings of the company. Maren Capital LLC raised its stake in shares of Hingham Institution for Savings by 3.0% during the 4th quarter. Maren Capital LLC now owns 167,730 shares of the savings and loans company’s stock worth $42,627,000 after acquiring an additional 4,843 shares in the last quarter. Vanguard Group Inc. raised its stake in Hingham Institution for Savings by 3.7% in the fourth quarter. Vanguard Group Inc. now owns 104,161 shares of the savings and loans company’s stock valued at $26,471,000 after buying an additional 3,717 shares during the last quarter. State Street Corp raised its position in shares of Hingham Institution for Savings by 40.1% in the 3rd quarter. State Street Corp now owns 52,434 shares of the savings and loans company’s stock valued at $12,758,000 after purchasing an additional 15,000 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Hingham Institution for Savings by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 40,107 shares of the savings and loans company’s stock valued at $10,196,000 after purchasing an additional 517 shares during the last quarter. Finally, De Lisle Partners LLP raised its position in shares of Hingham Institution for Savings by 60.8% in the 3rd quarter. De Lisle Partners LLP now owns 18,227 shares of the savings and loans company’s stock valued at $4,414,000 after purchasing an additional 6,891 shares during the last quarter. 49.33% of the stock is currently owned by institutional investors.

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.