Hingham Institution for Savings (NASDAQ:HIFS) Stock Price Up 3.2% – Here’s What Happened

Hingham Institution for Savings (NASDAQ:HIFS)’s stock price rose 3.2% during trading on Wednesday . The stock traded as high as $245.06 and last traded at $245.22. Approximately 18,305 shares traded hands during mid-day trading, an increase of 22% from the average daily volume of 14,978 shares. The stock had previously closed at $237.67.

Analysts Set New Price Targets

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 3.6 %

The firm’s 50 day moving average price is $252.71 and its two-hundred day moving average price is $257.10. The firm has a market cap of $529.41 million, a price-to-earnings ratio of 19.10 and a beta of 0.99. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.57 and a quick ratio of 1.57.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HIFS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of 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 acquiring an additional 49 shares in the last quarter. Anchor Capital Advisors LLC boosted its position in Hingham Institution for Savings by 1.6% during the fourth quarter. Anchor Capital Advisors LLC now owns 5,380 shares of the savings and loans company’s stock worth $1,367,000 after purchasing an additional 85 shares in the last quarter. FMR LLC boosted its position in Hingham Institution for Savings by 27.0% during the third quarter. FMR LLC now owns 419 shares of the savings and loans company’s stock worth $102,000 after purchasing an additional 89 shares in the last quarter. MetLife Investment Management LLC grew its holdings in Hingham Institution for Savings by 10.9% in the fourth quarter. MetLife Investment Management LLC now owns 935 shares of the savings and loans company’s stock valued at $238,000 after purchasing an additional 92 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in shares of Hingham Institution for Savings by 7.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,424 shares of the savings and loans company’s stock valued at $362,000 after buying an additional 100 shares in the last quarter. 49.33% of the stock is currently 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.