Hingham Institution for Savings (NASDAQ:HIFS) Sees Unusually-High Trading Volume – Here’s What Happened

Hingham Institution for Savings (NASDAQ:HIFS) shares saw an uptick in trading volume on Wednesday . 25,930 shares traded hands during trading, an increase of 71% from the previous session’s volume of 15,174 shares.The stock last traded at $239.75 and had previously closed at $237.80.

Wall Street Analysts Forecast Growth

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 Performance

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 stock has a market cap of $478.55 million, a P/E ratio of 17.35 and a beta of 0.99. The firm’s 50-day moving average is $251.46 and its two-hundred day moving average is $256.78.

Hingham Institution for Savings (NASDAQ:HIFS) last released its quarterly earnings data 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 net margin of 12.97% and a return on equity of 2.95%.

Hedge Funds Weigh In On Hingham Institution for Savings

Institutional investors have recently modified their holdings of the company. FMR LLC grew its stake in Hingham Institution for Savings by 27.0% in the 3rd quarter. FMR LLC now owns 419 shares of the savings and loans company’s stock valued at $102,000 after buying an additional 89 shares during the last quarter. Tower Research Capital LLC TRC grew its position 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 purchasing an additional 433 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of Hingham Institution for Savings during the 4th quarter worth about $204,000. Wallace Capital Management Inc. bought a new stake in Hingham Institution for Savings during the 3rd quarter valued at approximately $219,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Hingham Institution for Savings by 5.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 886 shares of the savings and loans company’s stock valued at $225,000 after buying an additional 49 shares during 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.