Hingham Institution for Savings (HIFS) Upgraded to Hold at BidaskClub

BidaskClub upgraded shares of Hingham Institution for Savings (NASDAQ:HIFS) from a sell rating to a hold rating in a research report report published on Saturday.

HIFS stock opened at $215.24 on Friday. Hingham Institution for Savings has a twelve month low of $173.30 and a twelve month high of $242.00. The stock has a market cap of $453.30 million, a P/E ratio of 16.33 and a beta of 0.82.

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

Several institutional investors and hedge funds have recently made changes to their positions in HIFS. MetLife Investment Advisors LLC acquired a new position in shares of Hingham Institution for Savings in the 4th quarter worth approximately $148,000. Wells Fargo & Company MN boosted its holdings in shares of Hingham Institution for Savings by 56.9% in the 3rd quarter. Wells Fargo & Company MN now owns 1,458 shares of the savings and loans company’s stock worth $277,000 after acquiring an additional 529 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Hingham Institution for Savings in the 4th quarter worth approximately $298,000. SeaCrest Wealth Management LLC acquired a new position in shares of Hingham Institution for Savings in the 4th quarter worth approximately $565,000. Finally, UBS Group AG boosted its holdings 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 acquiring an additional 278 shares in the last quarter. 31.02% of the stock is currently owned by institutional investors and hedge funds.

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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