Hingham Institution for Savings (NASDAQ:HIFS) Sees Large Volume Increase – Still a Buy?

Hingham Institution for Savings (NASDAQ:HIFS) shares saw unusually-strong trading volume on Tuesday . Approximately 11,510 shares traded hands during mid-day trading, a decline of 22% from the previous session’s volume of 14,808 shares.The stock last traded at $233.63 and had previously closed at $235.10.

Analyst Ratings Changes

Separately, StockNews.com raised 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 debt-to-equity ratio of 3.63, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a 50-day simple moving average of $253.27 and a 200-day simple moving average of $257.76. The stock has a market cap of $502.24 million, a P/E ratio of 18.18 and a beta of 0.99.

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

Institutional Trading of Hingham Institution for Savings

Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC grew its holdings in shares of Hingham Institution for Savings by 27.0% during the third quarter. FMR LLC now owns 419 shares of the savings and loans company’s stock worth $102,000 after purchasing an additional 89 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Hingham Institution for Savings by 941.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 479 shares of the savings and loans company’s stock worth $122,000 after purchasing an additional 433 shares during the last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of Hingham Institution for Savings during the fourth quarter worth about $204,000. Wallace Capital Management Inc. bought a new stake in shares of Hingham Institution for Savings during the third quarter worth about $219,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Hingham Institution for Savings by 5.9% in 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 acquiring an additional 49 shares during the last quarter. 49.33% of the stock is currently owned by institutional investors.

Hingham Institution for Savings Company Profile

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.