Hingham Institution for Savings (NASDAQ:HIFS) Sees Strong Trading Volume – Still a Buy?

Hingham Institution for Savings (NASDAQ:HIFS) shares saw unusually-strong trading volume on Wednesday . Approximately 25,142 shares changed hands during mid-day trading, an increase of 73% from the previous session’s volume of 14,554 shares.The stock last traded at $259.89 and had previously closed at $256.77.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Hingham Institution for Savings from a “sell” rating to a “hold” rating in a research report on Saturday.

Hingham Institution for Savings Stock Performance

The firm’s 50-day moving average price is $256.03 and its 200 day moving average price is $257.61. The company has a market cap of $550.54 million, a price-to-earnings ratio of 19.98 and a beta of 1.02. 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 results on Friday, January 17th. The savings and loans company reported $2.16 EPS for the quarter. Hingham Institution for Savings had a return on equity of 2.95% and a net margin of 12.97%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HIFS. Maren Capital LLC grew its holdings in shares of Hingham Institution for Savings by 3.0% during the 4th 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 during the last quarter. Vanguard Group Inc. boosted its stake in Hingham Institution for Savings by 3.7% during the 4th 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 during the last quarter. State Street Corp lifted its position in shares of Hingham Institution for Savings by 40.1% during the 3rd quarter. State Street Corp now owns 52,434 shares of the savings and loans company’s stock worth $12,758,000 after buying an additional 15,000 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Hingham Institution for Savings by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 40,107 shares of the savings and loans company’s stock worth $10,196,000 after purchasing an additional 517 shares during the last quarter. Finally, De Lisle Partners LLP raised its position in shares of Hingham Institution for Savings by 60.8% in 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 during the period. Institutional investors and hedge funds own 49.33% of the company’s stock.

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.