Hingham Institution for Savings (NASDAQ:HIFS) Shares Gap Down – What’s Next?

Hingham Institution for Savings (NASDAQ:HIFS) gapped down before the market opened 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 trading hands.

Analyst Ratings Changes

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

Hingham Institution for Savings Price Performance

The stock’s 50 day simple moving average is $256.33 and its two-hundred day simple moving average is $258.52. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market cap of $514.15 million, a price-to-earnings ratio of 18.70 and a beta of 1.02.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its 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 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 and other institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp bought a new position in Hingham Institution for Savings in the 4th quarter valued at about $403,000. Rafferty Asset Management LLC grew its holdings in Hingham Institution for Savings by 9.1% during the fourth quarter. Rafferty Asset Management LLC now owns 2,863 shares of the savings and loans company’s stock worth $728,000 after buying an additional 238 shares in the last quarter. Occudo Quantitative Strategies LP bought a new position in Hingham Institution for Savings during the 4th quarter valued at $295,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Hingham Institution for Savings by 5.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 886 shares of the savings and loans company’s stock worth $225,000 after acquiring an additional 49 shares during the last quarter. Finally, Focus Partners Wealth raised its holdings in shares of Hingham Institution for Savings by 549.2% in the fourth quarter. Focus Partners Wealth now owns 11,069 shares of the savings and loans company’s stock valued at $2,813,000 after purchasing an additional 9,364 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.