Hingham Institution for Savings (NASDAQ:HIFS) Cut to Sell at StockNews.com

Hingham Institution for Savings (NASDAQ:HIFS) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

Hingham Institution for Savings Trading Down 0.2 %

NASDAQ HIFS traded down $0.44 during mid-day trading on Tuesday, hitting $221.81. The company’s stock had a trading volume of 9,385 shares, compared to its average volume of 15,252. The firm has a market capitalization of $476.89 million, a P/E ratio of 17.29 and a beta of 0.92. 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 has a 52-week low of $160.00 and a 52-week high of $300.00. The stock’s fifty day simple moving average is $248.57 and its two-hundred day simple moving average is $255.99.

Hingham Institution for Savings (NASDAQ:HIFS) last issued 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 Investors Weigh In On Hingham Institution for Savings

Several institutional investors and hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its position in Hingham Institution for Savings by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,527 shares of the savings and loans company’s stock worth $1,101,000 after acquiring an additional 137 shares in the last quarter. FMR LLC raised its stake in shares of 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 valued at $102,000 after purchasing an additional 89 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Hingham Institution for Savings by 113.2% during the third quarter. BNP Paribas Financial Markets now owns 2,938 shares of the savings and loans company’s stock worth $715,000 after purchasing an additional 1,560 shares in the last quarter. State Street Corp boosted its stake in shares of Hingham Institution for Savings by 40.1% in the third 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 period. Finally, Barclays PLC grew its holdings in Hingham Institution for Savings by 477.9% during the 3rd quarter. Barclays PLC now owns 3,063 shares of the savings and loans company’s stock valued at $746,000 after purchasing an additional 2,533 shares in the last quarter. Hedge funds and other institutional investors 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.