Hingham Institution for Savings (NASDAQ:HIFS) Rating Increased to Hold at StockNews.com

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

Hingham Institution for Savings Price Performance

Shares of NASDAQ:HIFS opened at $232.28 on Monday. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market cap of $498.71 million, a price-to-earnings ratio of 22.00 and a beta of 1.02. The business has a 50-day simple moving average of $268.96 and a two-hundred day simple moving average of $247.45. Hingham Institution for Savings has a fifty-two week low of $150.11 and a fifty-two week high of $300.00.

Hingham Institution for Savings (NASDAQ:HIFS) last released its quarterly earnings data on Friday, October 11th. The savings and loans company reported $1.44 earnings per share for the quarter. Hingham Institution for Savings had a net margin of 10.95% and a return on equity of 2.27%. The firm had revenue of $15.21 million during the quarter.

Hingham Institution for Savings Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, January 6th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Monday, January 6th. Hingham Institution for Savings’s dividend payout ratio (DPR) is presently 23.86%.

Hedge Funds Weigh In On Hingham Institution for Savings

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in Hingham Institution for Savings by 508.1% in the third quarter. JPMorgan Chase & Co. now owns 5,163 shares of the savings and loans company’s stock valued at $1,256,000 after acquiring an additional 4,314 shares during the period. Barclays PLC grew its stake in shares of 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 during the period. Geode Capital Management LLC lifted its stake in shares of Hingham Institution for Savings by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 39,590 shares of the savings and loans company’s stock worth $9,635,000 after purchasing an additional 617 shares during the period. Wallace Capital Management Inc. purchased a new position in shares of Hingham Institution for Savings in the third quarter worth approximately $219,000. Finally, State Street Corp boosted its holdings 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 worth $12,758,000 after buying an additional 15,000 shares during the last quarter. 49.33% of the stock is owned by institutional investors.

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.