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

Hingham Institution for Savings (NASDAQ:HIFS) shares saw an uptick in trading volume on Tuesday . 29,190 shares were traded during trading, an increase of 98% from the previous session’s volume of 14,718 shares.The stock last traded at $246.80 and had previously closed at $259.71.

Analyst Ratings Changes

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

Hingham Institution for Savings Price Performance

The company has a 50 day moving average of $256.51 and a two-hundred day moving average of $258.46. The firm has a market cap of $535.91 million, a P/E ratio of 19.76 and a beta of 1.02. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.63.

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

Institutional Investors Weigh In On Hingham Institution for Savings

Several hedge funds have recently modified their holdings of HIFS. Creative Planning boosted its holdings in shares of Hingham Institution for Savings by 26.3% in the third quarter. Creative Planning now owns 1,914 shares of the savings and loans company’s stock worth $466,000 after buying an additional 399 shares during the period. GSA Capital Partners LLP raised its holdings in shares of Hingham Institution for Savings by 23.7% during the third quarter. GSA Capital Partners LLP now owns 3,263 shares of the savings and loans company’s stock valued at $794,000 after acquiring an additional 625 shares during the period. Aptus Capital Advisors LLC raised its holdings in shares of Hingham Institution for Savings by 15.1% during the third quarter. Aptus Capital Advisors LLC now owns 14,347 shares of the savings and loans company’s stock valued at $3,491,000 after acquiring an additional 1,886 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of Hingham Institution for Savings during the third quarter valued at approximately $243,000. Finally, Quest Partners LLC acquired a new stake in shares of Hingham Institution for Savings during the third quarter valued at approximately $370,000. 49.33% of the stock is owned by hedge funds and other institutional investors.

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.