Hingham Institution for Savings (NASDAQ:HIFS) Trading 3.2% Higher – Should You Buy?

Hingham Institution for Savings (NASDAQ:HIFS)’s share price traded up 3.2% during trading on Wednesday . The company traded as high as $245.06 and last traded at $245.22. 18,305 shares traded hands during trading, an increase of 22% from the average session volume of 14,978 shares. The stock had previously closed at $237.67.

Wall Street Analysts Forecast Growth

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

Hingham Institution for Savings Stock Performance

The firm’s 50 day moving average price is $252.71 and its two-hundred day moving average price is $257.10. The firm has a market cap of $529.41 million, a PE ratio of 19.10 and a beta of 0.99. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.57 and a current ratio of 1.57.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its quarterly earnings data on Friday, January 17th. The savings and loans company reported $2.16 earnings per share 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

Institutional investors have recently made changes to their positions in the stock. FMR LLC boosted its position in shares of Hingham Institution for Savings by 27.0% during the 3rd quarter. FMR LLC now owns 419 shares of the savings and loans company’s stock worth $102,000 after purchasing an additional 89 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Hingham Institution for Savings by 941.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 479 shares of the savings and loans company’s stock valued at $122,000 after buying an additional 433 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of Hingham Institution for Savings in the fourth quarter valued at $204,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Hingham Institution for Savings by 5.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 886 shares of the savings and loans company’s stock worth $225,000 after acquiring an additional 49 shares in the last quarter. Finally, Wallace Capital Management Inc. purchased a new position in Hingham Institution for Savings during the 3rd quarter valued at about $219,000. 49.33% of the stock is currently owned by institutional investors and hedge funds.

About Hingham Institution for Savings

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.