Hingham Institution for Savings (HIFS) Lowered to Sell at BidaskClub

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.

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

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.

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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.

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