BidaskClub Upgrades Hingham Institution for Savings (HIFS) to Buy

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BidaskClub upgraded shares of Hingham Institution for Savings (NASDAQ:HIFS) from a hold rating to a buy rating in a report issued on Thursday, BidAskClub reports.

Separately, ValuEngine upgraded shares of Hingham Institution for Savings from a sell rating to a hold rating in a research note on Monday.

HIFS stock traded down $1.49 on Thursday, hitting $191.90. 405 shares of the company were exchanged, compared to its average volume of 8,491. Hingham Institution for Savings has a twelve month low of $163.00 and a twelve month high of $229.99. The company has a quick ratio of 1.28, a current ratio of 1.36 and a debt-to-equity ratio of 3.17.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its quarterly earnings results on Friday, April 12th. The savings and loans company reported $3.48 EPS for the quarter. Hingham Institution for Savings had a net margin of 32.18% and a return on equity of 15.35%. The firm had revenue of $19.01 million during the quarter.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Monday, April 8th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, April 5th. This represents a $1.48 dividend on an annualized basis and a yield of 0.77%.

A number of hedge funds and other institutional investors have recently bought and sold shares of HIFS. BNP Paribas Arbitrage SA boosted its stake in Hingham Institution for Savings by 965.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 277 shares of the savings and loans company’s stock valued at $48,000 after acquiring an additional 251 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in Hingham Institution for Savings by 353.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 503 shares of the savings and loans company’s stock valued at $99,000 after acquiring an additional 392 shares during the last quarter. Ramsey Quantitative Systems boosted its stake in Hingham Institution for Savings by 41.0% during the 4th quarter. Ramsey Quantitative Systems now owns 708 shares of the savings and loans company’s stock valued at $140,000 after acquiring an additional 206 shares during the last quarter. SG Americas Securities LLC bought a new position in Hingham Institution for Savings during the 1st quarter valued at $203,000. Finally, JPMorgan Chase & Co. boosted its stake in Hingham Institution for Savings by 27.7% during the 1st quarter. JPMorgan Chase & Co. now owns 1,313 shares of the savings and loans company’s stock valued at $226,000 after acquiring an additional 285 shares during the last quarter. Hedge funds and other institutional investors own 32.63% 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. The company's deposit products include savings, demand, regular, checking, negotiable order of withdrawal, and money market accounts, as well as certificates of deposit.

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