Hingham Institution for Savings (NASDAQ:HIFS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Hingham Institution for Savings (NASDAQ:HIFS) from a sell rating to a hold rating in a research note released on Saturday.

Separately, Weiss Ratings raised shares of Hingham Institution for Savings from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Hingham Institution for Savings Price Performance

Shares of HIFS stock opened at $298.86 on Friday. The firm has a market cap of $651.51 million, a price-to-earnings ratio of 9.96 and a beta of 0.84. Hingham Institution for Savings has a 12 month low of $238.85 and a 12 month high of $337.99. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.93. The stock has a 50-day moving average price of $293.04 and a 200 day moving average price of $291.33.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its earnings results on Friday, July 17th. The savings and loans company reported $4.82 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a net margin of 25.94% and a return on equity of 8.43%. The company had revenue of $42.92 million for the quarter.

Hingham Institution for Savings Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Monday, August 3rd will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, August 3rd. Hingham Institution for Savings’s dividend payout ratio is currently 8.39%.

Institutional Trading of Hingham Institution for Savings

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Hingham Institution for Savings during the 2nd quarter worth approximately $47,163,000. Two Sigma Investments LP lifted its stake in shares of Hingham Institution for Savings by 150.9% during the 3rd quarter. Two Sigma Investments LP now owns 27,199 shares of the savings and loans company’s stock worth $7,175,000 after buying an additional 16,360 shares during the last quarter. Mission Wealth Management LP acquired a new stake in Hingham Institution for Savings during the fourth quarter worth approximately $4,222,000. Bessemer Group Inc. acquired a new stake in Hingham Institution for Savings during the 1st quarter worth approximately $4,002,000. Finally, Bank of America Corp DE lifted its holdings in shares of Hingham Institution for Savings by 337.2% during the third quarter. Bank of America Corp DE now owns 13,856 shares of the savings and loans company’s stock worth $3,655,000 after buying an additional 10,687 shares in the last quarter. Institutional investors and hedge funds own 49.33% of the company’s stock.

Hingham Institution for Savings Company Profile

Hingham Institution for Savings is a mutual savings bank headquartered in Hingham, Massachusetts. Founded in 1834, the bank combines the community-oriented focus of a mutual institution with the transparency and oversight associated with a publicly traded company under the NASDAQ ticker HIFS.

The institution’s core activities include deposit and lending services tailored to individuals and businesses. Deposit offerings encompass checking and savings accounts, money market accounts, certificates of deposit and individual retirement accounts, supported by online and mobile banking platforms.