Hingham Institution for Savings (NASDAQ:HIFS) Downgraded to Sell Rating by StockNews.com

StockNews.com cut shares of Hingham Institution for Savings (NASDAQ:HIFS) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

Hingham Institution for Savings Price Performance

Shares of NASDAQ HIFS opened at $275.53 on Friday. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.57 and a current ratio of 1.57. Hingham Institution for Savings has a fifty-two week low of $160.00 and a fifty-two week high of $300.00. The firm has a market capitalization of $591.56 million, a PE ratio of 21.48 and a beta of 1.02. The stock’s 50-day simple moving average is $257.55 and its 200-day simple moving average is $255.52.

Hingham Institution for Savings (NASDAQ:HIFS) last released its quarterly earnings results on Friday, January 17th. The savings and loans company reported $2.16 EPS for the quarter. Hingham Institution for Savings had a return on equity of 2.95% and a net margin of 12.97%.

Hingham Institution for Savings Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, January 6th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.91%. The ex-dividend date was Monday, January 6th. Hingham Institution for Savings’s dividend payout ratio (DPR) is 19.64%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Anchor Capital Advisors LLC increased its holdings in shares of Hingham Institution for Savings by 1.6% in the fourth quarter. Anchor Capital Advisors LLC now owns 5,380 shares of the savings and loans company’s stock valued at $1,367,000 after purchasing an additional 85 shares during the period. FMR LLC increased its holdings in shares of Hingham Institution for Savings by 27.0% in the third quarter. FMR LLC now owns 419 shares of the savings and loans company’s stock valued at $102,000 after purchasing an additional 89 shares during the period. MetLife Investment Management LLC increased its holdings in shares of Hingham Institution for Savings by 10.9% in the fourth quarter. MetLife Investment Management LLC now owns 935 shares of the savings and loans company’s stock valued at $238,000 after purchasing an additional 92 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Hingham Institution for Savings by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,527 shares of the savings and loans company’s stock valued at $1,101,000 after purchasing an additional 137 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Hingham Institution for Savings by 22.5% in the fourth quarter. Wells Fargo & Company MN now owns 1,025 shares of the savings and loans company’s stock valued at $261,000 after purchasing an additional 188 shares during the period. Institutional investors and hedge funds 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.