BidaskClub Downgrades Hingham Institution for Savings (HIFS) to Hold

Hingham Institution for Savings (NASDAQ:HIFS) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Hingham Institution for Savings opened at $220.29 on Wednesday, MarketBeat Ratings reports. The firm has a market capitalization of $461.21 million, a PE ratio of 16.62 and a beta of 0.88. Hingham Institution for Savings has a 1-year low of $174.47 and a 1-year high of $242.00.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its quarterly earnings data on Thursday, April 12th. The savings and loans company reported $4.08 earnings per share for the quarter. The business had revenue of $17.75 million during the quarter.

Institutional investors have recently bought and sold shares of the company. MetLife Investment Advisors LLC acquired a new stake in shares of Hingham Institution for Savings in the 4th quarter worth $148,000. Goldman Sachs Group Inc. acquired a new stake in shares of Hingham Institution for Savings in the 4th quarter worth $298,000. UBS Group AG boosted its position in shares of Hingham Institution for Savings by 10.1% in the 1st quarter. UBS Group AG now owns 3,026 shares of the savings and loans company’s stock worth $623,000 after purchasing an additional 278 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Hingham Institution for Savings by 107.7% in the 4th quarter. Wells Fargo & Company MN now owns 3,028 shares of the savings and loans company’s stock worth $627,000 after purchasing an additional 1,570 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Hingham Institution for Savings by 21.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,030 shares of the savings and loans company’s stock worth $628,000 after purchasing an additional 534 shares in the last quarter. 31.57% of the stock is owned by hedge funds and other institutional investors.

About Hingham Institution for Savings

Hingham Institution for Savings (the Bank) is a Massachusetts-chartered savings bank (the Bank). The Bank is principally engaged in the business of residential and commercial real estate mortgage lending, funded by a retail deposit network and borrowings. The Bank provides a range of financial services to individuals and small businesses through its approximately 10 offices in Boston and southeastern Massachusetts.

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