Hingham Institution for Savings (NASDAQ:HIFS) Stock Price Up 3.2% – Here’s Why

Hingham Institution for Savings (NASDAQ:HIFS) was up 3.2% during trading on Wednesday . The stock traded as high as $245.06 and last traded at $245.22. Approximately 18,305 shares changed hands during mid-day trading, an increase of 22% from the average daily volume of 14,978 shares. The stock had previously closed at $237.67.

Analysts Set New Price Targets

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 Trading Down 1.7 %

The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.63. The stock has a market capitalization of $516.02 million, a P/E ratio of 18.71 and a beta of 0.99. The business’s fifty day simple moving average is $252.82 and its two-hundred day simple moving average is $256.92.

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

Institutional Trading of Hingham Institution for Savings

A number of hedge funds have recently modified their holdings of HIFS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Hingham Institution for Savings by 5.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 886 shares of the savings and loans company’s stock valued at $225,000 after purchasing an additional 49 shares during the period. Anchor Capital Advisors LLC increased its holdings in Hingham Institution for Savings by 1.6% in the 4th quarter. Anchor Capital Advisors LLC now owns 5,380 shares of the savings and loans company’s stock valued at $1,367,000 after buying an additional 85 shares during the period. FMR LLC raised its stake in shares of 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 in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Hingham Institution for Savings by 10.9% during the 4th quarter. MetLife Investment Management LLC now owns 935 shares of the savings and loans company’s stock worth $238,000 after acquiring an additional 92 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of Hingham Institution for Savings by 7.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,424 shares of the savings and loans company’s stock worth $362,000 after acquiring an additional 100 shares during the period. 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.