Hingham Institution for Savings (NASDAQ:HIFS) Sees Large Volume Increase – Still a Buy?

Hingham Institution for Savings (NASDAQ:HIFS) shares saw an uptick in trading volume on Tuesday . 11,510 shares were traded during mid-day trading, a decline of 22% from the previous session’s volume of 14,808 shares.The stock last traded at $233.63 and had previously closed at $235.10.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Hingham Institution for Savings from a “sell” rating to a “hold” rating in a report on Saturday, February 22nd.

Hingham Institution for Savings Stock Up 1.3 %

The firm has a market capitalization of $508.28 million, a price-to-earnings ratio of 18.43 and a beta of 0.99. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.63. The firm has a fifty day moving average price of $252.72 and a 200 day moving average price of $257.44.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HIFS. FMR LLC lifted its holdings in Hingham Institution for Savings by 27.0% during the 3rd quarter. FMR LLC now owns 419 shares of the savings and loans company’s stock worth $102,000 after buying an additional 89 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Hingham Institution for Savings by 941.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 479 shares of the savings and loans company’s stock worth $122,000 after buying an additional 433 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in Hingham Institution for Savings during the 4th quarter worth $204,000. Wallace Capital Management Inc. acquired a new position in Hingham Institution for Savings during the 3rd quarter worth $219,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Hingham Institution for Savings by 5.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 886 shares of the savings and loans company’s stock worth $225,000 after buying an additional 49 shares in the last quarter. 49.33% of the stock is owned by institutional investors and hedge funds.

Hingham Institution for Savings Company Profile

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.