Hingham Institution for Savings (NASDAQ:HIFS) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Friday.
Separately, ValuEngine raised shares of Hingham Institution for Savings from a “hold” rating to a “buy” rating in a report on Thursday, November 30th.
Hingham Institution for Savings (NASDAQ HIFS) traded down $1.40 during trading on Friday, reaching $201.60. 3,571 shares of the company were exchanged, compared to its average volume of 3,538. The company has a market cap of $424.57, a price-to-earnings ratio of 17.25 and a beta of 0.81. Hingham Institution for Savings has a twelve month low of $148.02 and a twelve month high of $242.00.
A number of hedge funds have recently added to or reduced their stakes in HIFS. Epoch Investment Partners Inc. purchased a new position in Hingham Institution for Savings in the 3rd quarter worth approximately $4,056,000. Nationwide Fund Advisors grew its stake in Hingham Institution for Savings by 700.5% in the 3rd quarter. Nationwide Fund Advisors now owns 6,004 shares of the savings and loans company’s stock worth $1,142,000 after buying an additional 5,254 shares in the last quarter. Colony Group LLC grew its stake in Hingham Institution for Savings by 153.8% in the 2nd quarter. Colony Group LLC now owns 3,300 shares of the savings and loans company’s stock worth $600,000 after buying an additional 2,000 shares in the last quarter. State Street Corp grew its stake in Hingham Institution for Savings by 8.8% in the 2nd quarter. State Street Corp now owns 22,002 shares of the savings and loans company’s stock worth $4,003,000 after buying an additional 1,783 shares in the last quarter. Finally, Rhumbline Advisers purchased a new position in Hingham Institution for Savings in the 2nd quarter worth approximately $258,000. 27.22% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: “Hingham Institution for Savings (HIFS) Lowered to Sell at BidaskClub” was published by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international trademark and copyright law. The original version of this piece of content can be read at https://www.com-unik.info/2018/01/07/hingham-institution-for-savings-hifs-lowered-to-sell-at-bidaskclub.html.
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.
Receive News & Ratings for Hingham Institution for Savings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hingham Institution for Savings and related companies with MarketBeat.com's FREE daily email newsletter.