Wall Street Zen upgraded shares of Hingham Institution for Savings (NASDAQ:HIFS – Free Report) from a sell rating to a hold rating in a research note issued to investors on Saturday.
Separately, Weiss Ratings upgraded 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 MarketBeat, the stock has an average rating of “Buy”.
Get Our Latest Stock Analysis on HIFS
Hingham Institution for Savings Stock Up 0.7%
Hingham Institution for Savings (NASDAQ:HIFS – Get Free Report) last released its quarterly earnings results on Friday, July 17th. The savings and loans company reported $4.82 earnings per share for the quarter. Hingham Institution for Savings had a net margin of 25.94% and a return on equity of 8.43%. The firm had revenue of $42.92 million for the quarter.
Hingham Institution for Savings Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 12th. Stockholders of record on Monday, August 3rd will be given a $0.63 dividend. 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 payout ratio is presently 8.39%.
Hedge Funds Weigh In On Hingham Institution for Savings
A number of hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC lifted its position in shares of Hingham Institution for Savings by 46.3% during the 1st quarter. Parallel Advisors LLC now owns 139 shares of the savings and loans company’s stock valued at $40,000 after acquiring an additional 44 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in shares of Hingham Institution for Savings in the third quarter worth $41,000. Comerica Bank bought a new position in shares of Hingham Institution for Savings in the fourth quarter worth $43,000. Fifth Third Bancorp acquired a new position in Hingham Institution for Savings in the first quarter valued at about $44,000. Finally, Kestra Advisory Services LLC acquired a new position in Hingham Institution for Savings in the fourth quarter valued at about $85,000. Institutional investors 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.
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