Hingham Institution for Savings (NASDAQ:HIFS) Sees Large Volume Increase – What’s Next?

Hingham Institution for Savings (NASDAQ:HIFS) shares saw strong trading volume on Monday . 24,332 shares traded hands during trading, an increase of 63% from the previous session’s volume of 14,907 shares.The stock last traded at $237.05 and had previously closed at $237.00.

Wall Street Analyst Weigh In

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 Stock Up 0.8 %

The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.57 and a current ratio of 1.57. The firm’s 50-day moving average is $252.57 and its 200 day moving average is $257.21. The firm has a market capitalization of $508.62 million, a PE ratio of 18.44 and a beta of 0.99.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its quarterly earnings data 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 Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Maren Capital LLC lifted its holdings in shares of Hingham Institution for Savings by 3.0% during the 4th quarter. Maren Capital LLC now owns 167,730 shares of the savings and loans company’s stock worth $42,627,000 after acquiring an additional 4,843 shares during the period. Vanguard Group Inc. increased its position in Hingham Institution for Savings by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 104,161 shares of the savings and loans company’s stock worth $26,471,000 after purchasing an additional 3,717 shares in the last quarter. State Street Corp increased its position in Hingham Institution for Savings by 40.1% during the 3rd quarter. State Street Corp now owns 52,434 shares of the savings and loans company’s stock worth $12,758,000 after purchasing an additional 15,000 shares in the last quarter. Geode Capital Management LLC increased its position in Hingham Institution for Savings by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 40,107 shares of the savings and loans company’s stock worth $10,196,000 after purchasing an additional 517 shares in the last quarter. Finally, De Lisle Partners LLP increased its position in Hingham Institution for Savings by 60.8% during the 3rd quarter. De Lisle Partners LLP now owns 18,227 shares of the savings and loans company’s stock worth $4,414,000 after purchasing an additional 6,891 shares in the last quarter. 49.33% of the stock is currently owned by hedge funds and other 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.