Hingham Institution for Savings (NASDAQ:HIFS) Sees Large Volume Increase – Should You Buy?

Shares of Hingham Institution for Savings (NASDAQ:HIFS) saw an uptick in trading volume on Tuesday . 11,510 shares traded hands during trading, a decline of 22% from the previous session’s volume of 14,808 shares.The stock last traded at $233.63 and had previously closed at $235.10.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Hingham Institution for Savings from a “sell” rating to a “hold” rating in a research note on Saturday, February 22nd.

Hingham Institution for Savings Stock Up 1.3 %

The company has a debt-to-equity ratio of 3.63, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $508.28 million, a P/E ratio of 18.43 and a beta of 0.99. The firm has a 50 day moving average of $252.72 and a 200-day moving average of $257.44.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its quarterly earnings results on Friday, January 17th. The savings and loans company reported $2.16 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a return on equity of 2.95% and a net margin of 12.97%.

Institutional Investors Weigh In On Hingham Institution for Savings

A number of institutional investors have recently added to or reduced their stakes in the stock. Maren Capital LLC boosted its holdings in Hingham Institution for Savings by 3.0% during the fourth quarter. Maren Capital LLC now owns 167,730 shares of the savings and loans company’s stock valued at $42,627,000 after purchasing an additional 4,843 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Hingham Institution for Savings by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 104,161 shares of the savings and loans company’s stock valued at $26,471,000 after purchasing an additional 3,717 shares in the last quarter. State Street Corp boosted its holdings in Hingham Institution for Savings by 40.1% during the third quarter. State Street Corp now owns 52,434 shares of the savings and loans company’s stock valued at $12,758,000 after purchasing an additional 15,000 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Hingham Institution for Savings by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 40,107 shares of the savings and loans company’s stock valued at $10,196,000 after purchasing an additional 517 shares in the last quarter. Finally, De Lisle Partners LLP boosted its holdings in Hingham Institution for Savings by 60.8% during the third quarter. De Lisle Partners LLP now owns 18,227 shares of the savings and loans company’s stock valued at $4,414,000 after purchasing an additional 6,891 shares in the last quarter. 49.33% of the stock is owned by institutional investors and hedge funds.

Hingham Institution for Savings Company Profile

Hingham Institution for Savings provides various financial products and services to individuals and small businesses in the United States. It offers savings, checking, money market, demand, and negotiable order of withdrawal accounts, as well as certificates of deposit. The company provides commercial and residential real estate, construction, home equity, commercial, consumer, and mortgage loans.