Hingham Institution for Savings (HIFS) Upgraded by ValuEngine to Buy

ValuEngine upgraded shares of Hingham Institution for Savings (NASDAQ:HIFS) from a hold rating to a buy rating in a research report sent to investors on Thursday morning.

Hingham Institution for Savings (HIFS) opened at $227.01 on Thursday. The company has a market capitalization of $478.08, a P/E ratio of 19.42 and a beta of 0.80. Hingham Institution for Savings has a fifty-two week low of $148.02 and a fifty-two week high of $231.00.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its earnings results on Thursday, October 12th. The savings and loans company reported $2.97 EPS for the quarter. The company had revenue of $16.41 million for the quarter.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Friday, January 5th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Thursday, January 4th. Hingham Institution for Savings’s dividend payout ratio (DPR) is presently 11.63%.

Large investors have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its position in shares of Hingham Institution for Savings by 3.2% during the second quarter. Wells Fargo & Company MN now owns 929 shares of the savings and loans company’s stock worth $169,000 after buying an additional 29 shares during the period. Modera Wealth Management LLC acquired a new position in shares of Hingham Institution for Savings during the second quarter worth approximately $200,000. PDT Partners LLC acquired a new position in shares of Hingham Institution for Savings during the second quarter worth approximately $200,000. Capital Analysts LLC acquired a new position in shares of Hingham Institution for Savings during the second quarter worth approximately $203,000. Finally, Alliancebernstein L.P. acquired a new position in shares of Hingham Institution for Savings during the second quarter worth approximately $218,000. 27.23% of the stock is owned by institutional investors.

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About Hingham Institution for Savings

Hingham Institution for Savings (the Bank) is a Massachusetts-chartered savings bank (the Bank). The Bank is principally engaged in the business of residential and commercial real estate mortgage lending, funded by a retail deposit network and borrowings. The Bank provides a range of financial services to individuals and small businesses through its approximately 10 offices in Boston and southeastern Massachusetts.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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