Hingham Institution for Savings (NASDAQ:HIFS) Lowered to Sell Rating by StockNews.com

StockNews.com lowered shares of Hingham Institution for Savings (NASDAQ:HIFS) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

Hingham Institution for Savings Stock Down 0.7 %

Shares of HIFS opened at $275.53 on Friday. Hingham Institution for Savings has a 52-week low of $160.00 and a 52-week high of $300.00. The company has a market capitalization of $591.56 million, a PE ratio of 21.48 and a beta of 1.02. The stock has a fifty day simple moving average of $257.55 and a two-hundred day simple moving average of $255.52. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.63.

Hingham Institution for Savings (NASDAQ:HIFS) last released 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 return on equity of 2.95% and a net margin of 12.97%.

Hingham Institution for Savings Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, January 6th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Monday, January 6th. Hingham Institution for Savings’s dividend payout ratio (DPR) is 19.64%.

Hedge Funds Weigh In On Hingham Institution for Savings

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in Hingham Institution for Savings by 24,231.0% during the 3rd quarter. International Assets Investment Management LLC now owns 437,958 shares of the savings and loans company’s stock valued at $1,065,600,000 after acquiring an additional 436,158 shares during the period. Maren Capital LLC boosted its stake in shares of Hingham Institution for Savings by 3.0% in the 4th quarter. Maren Capital LLC now owns 167,730 shares of the savings and loans company’s stock valued at $42,627,000 after buying an additional 4,843 shares during the period. Vanguard Group Inc. boosted its stake in shares of Hingham Institution for Savings by 3.7% in the 4th 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 period. State Street Corp boosted its stake 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 buying an additional 15,000 shares during the period. Finally, Geode Capital Management LLC boosted its stake 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 buying an additional 517 shares during the period. 49.33% of the stock is currently owned by hedge funds and other 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.