Hingham Institution for Savings (NASDAQ:HIFS – Get Free Report) shares crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $292.15 and traded as high as $293.60. Hingham Institution for Savings shares last traded at $288.33, with a volume of 38,290 shares.
Wall Street Analyst Weigh In
HIFS has been the topic of several analyst reports. Wall Street Zen upgraded shares of Hingham Institution for Savings from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings raised shares of Hingham Institution for Savings from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat.com, Hingham Institution for Savings has an average rating of “Buy”.
View Our Latest Report on Hingham Institution for Savings
Hingham Institution for Savings Stock Down 0.8%
Hingham Institution for Savings (NASDAQ:HIFS – Get Free Report) last released its earnings results on Wednesday, August 5th. The savings and loans company reported $4.82 earnings per share for the quarter. Hingham Institution for Savings had a return on equity of 8.24% and a net margin of 25.94%. The firm had revenue of $42.92 million for the quarter.
Institutional Trading of Hingham Institution for Savings
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its stake in Hingham Institution for Savings by 46.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 119 shares of the savings and loans company’s stock worth $34,000 after acquiring an additional 38 shares during the last quarter. Parallel Advisors LLC grew its holdings in Hingham Institution for Savings by 46.3% during the first quarter. Parallel Advisors LLC now owns 139 shares of the savings and loans company’s stock valued at $40,000 after purchasing an additional 44 shares during the period. Bank of New York Mellon Corp grew its holdings in Hingham Institution for Savings by 0.7% during the first quarter. Bank of New York Mellon Corp now owns 7,014 shares of the savings and loans company’s stock valued at $2,005,000 after purchasing an additional 51 shares during the period. Royal Bank of Canada increased its stake in Hingham Institution for Savings by 11.2% in the first quarter. Royal Bank of Canada now owns 793 shares of the savings and loans company’s stock valued at $226,000 after purchasing an additional 80 shares in the last quarter. Finally, Aptus Capital Advisors LLC increased its stake in Hingham Institution for Savings by 0.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 24,842 shares of the savings and loans company’s stock valued at $7,054,000 after purchasing an additional 105 shares in the last quarter. 49.33% of the stock is owned by institutional investors.
About Hingham Institution for Savings
Hingham Institution for Savings is a Massachusetts-chartered savings bank headquartered in Hingham, Massachusetts. Founded in 1834, the bank has a long history of serving individuals, families, businesses and nonprofit organizations in southeastern Massachusetts and the greater Boston area.
Hingham Institution for Savings offers deposit products such as checking and savings accounts, certificates of deposit and retirement accounts, along with online and mobile banking services. Its lending activities include residential mortgages, home equity loans, commercial real estate financing, construction loans and other commercial credit products.
The bank operates through branches and lending offices in communities including Hingham, Cohasset, Nantucket and other areas of Massachusetts.
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