Hingham Institution for Savings (NASDAQ:HIFS) Shares Gap Down – Should You Sell?

Shares of Hingham Institution for Savings (NASDAQ:HIFS) gapped down prior to trading on Wednesday . The stock had previously closed at $256.55, but opened at $246.67. Hingham Institution for Savings shares last traded at $245.25, with a volume of 13,891 shares traded.

Wall Street Analyst Weigh In

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

Hingham Institution for Savings Price Performance

The firm has a market capitalization of $516.89 million, a price-to-earnings ratio of 18.76 and a beta of 1.02. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.63. The company’s fifty day moving average is $255.72 and its two-hundred day moving average is $258.29.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its quarterly earnings results 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of HIFS. State Street Corp raised its stake in 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 during the period. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Hingham Institution for Savings in the 3rd quarter valued at approximately $3,248,000. Focus Partners Wealth increased its stake in Hingham Institution for Savings by 549.2% during the 4th quarter. Focus Partners Wealth now owns 11,069 shares of the savings and loans company’s stock worth $2,813,000 after purchasing an additional 9,364 shares in the last quarter. De Lisle Partners LLP raised its holdings in Hingham Institution for Savings by 60.8% during the 3rd quarter. De Lisle Partners LLP now owns 18,227 shares of the savings and loans company’s stock worth $4,414,000 after buying an additional 6,891 shares during the period. Finally, Maren Capital LLC lifted its stake in Hingham Institution for Savings by 4.1% in the third quarter. Maren Capital LLC now owns 162,887 shares of the savings and loans company’s stock valued at $39,632,000 after buying an additional 6,416 shares in the last quarter. Institutional investors 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.