Wall Street Zen upgraded shares of Hingham Institution for Savings (NASDAQ:HIFS – Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.
Separately, Weiss Ratings upgraded Hingham Institution for Savings from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Buy rating. According to MarketBeat.com, the company has an average rating of “Buy”.
Get Our Latest Research Report on Hingham Institution for Savings
Hingham Institution for Savings Stock Performance
NASDAQ HIFS opened at $307.35 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 2.77. The firm has a market capitalization of $670.02 million, a price-to-earnings ratio of 16.40 and a beta of 0.84. The firm’s 50 day simple moving average is $298.38 and its 200 day simple moving average is $293.75. Hingham Institution for Savings has a 1 year low of $249.58 and a 1 year high of $337.99.
Hingham Institution for Savings (NASDAQ:HIFS – Get Free Report) last announced its quarterly earnings data on Friday, October 16th. The savings and loans company reported $5.37 EPS for the quarter. Hingham Institution for Savings had a net margin of 24.95% and a return on equity of 8.81%. The business had revenue of $25.37 million during the quarter.
Hingham Institution for Savings Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Monday, November 2nd will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Monday, November 2nd. This represents a $2.52 annualized dividend and a yield of 0.8%. Hingham Institution for Savings’s payout ratio is presently 9.04%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in HIFS. Corient Private Wealth LP acquired a new stake in Hingham Institution for Savings in the second quarter valued at approximately $1,046,000. Bank of America Corp DE bought a new stake in shares of Hingham Institution for Savings during the second quarter worth $3,316,000. Bessemer Group Inc. acquired a new position in shares of Hingham Institution for Savings during the first quarter worth $4,002,000. Bank of New York Mellon Corp acquired a new position in shares of Hingham Institution for Savings during the second quarter worth $2,262,000. Finally, BlackRock Inc. acquired a new position in shares of Hingham Institution for Savings during the second quarter worth $47,163,000. Institutional investors own 49.33% of the company’s stock.
About Hingham Institution for Savings
Hingham Institution for Savings is a community bank headquartered in Hingham, Massachusetts. Founded in 1834, the institution provides banking services to individuals, families, businesses and organizations in eastern Massachusetts, including the South Shore and Nantucket.
The bank offers deposit products such as checking, savings, money market and certificate of deposit accounts, along with online and traditional banking services. Its lending activities include residential mortgages, home equity loans, commercial real estate financing, construction loans and other business loans.
Hingham Institution for Savings emphasizes relationship-based banking and locally focused lending.
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