Hingham Institution for Savings (NASDAQ:HIFS) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Hingham Institution for Savings (NASDAQ:HIFS)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $290.36 and traded as high as $321.05. Hingham Institution for Savings shares last traded at $317.18, with a volume of 46,761 shares changing hands.

Analysts Set New Price Targets

HIFS has been the topic of several analyst reports. Wall Street Zen downgraded Hingham Institution for Savings from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings raised Hingham Institution for Savings from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, June 12th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Hingham Institution for Savings Price Performance

The firm has a market cap of $691.45 million, a price-to-earnings ratio of 13.91 and a beta of 0.83. The business’s 50 day moving average price is $286.98 and its 200 day moving average price is $290.55. The company has a debt-to-equity ratio of 2.93, a quick ratio of 1.64 and a current ratio of 1.64.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its earnings results on Friday, April 17th. The savings and loans company reported $4.79 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a net margin of 21.17% and a return on equity of 7.89%. The firm had revenue of $22.43 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Two Sigma Investments LP increased its position in shares of Hingham Institution for Savings by 150.9% in the third quarter. Two Sigma Investments LP now owns 27,199 shares of the savings and loans company’s stock valued at $7,175,000 after buying an additional 16,360 shares in the last quarter. Mission Wealth Management LP purchased a new position in shares of Hingham Institution for Savings during the 4th quarter valued at approximately $4,222,000. Bessemer Group Inc. purchased a new position in shares of Hingham Institution for Savings during the 1st quarter valued at approximately $4,002,000. Bank of America Corp DE grew its stake in Hingham Institution for Savings by 337.2% in the 3rd quarter. Bank of America Corp DE now owns 13,856 shares of the savings and loans company’s stock valued at $3,655,000 after acquiring an additional 10,687 shares during the period. Finally, UBS Group AG grew its stake in Hingham Institution for Savings by 15.7% in the 3rd quarter. UBS Group AG now owns 69,998 shares of the savings and loans company’s stock valued at $18,464,000 after acquiring an additional 9,493 shares during the period. Hedge funds and other institutional investors own 49.33% of the company’s stock.

About Hingham Institution for Savings

Hingham Institution for Savings is a mutual savings bank headquartered in Hingham, Massachusetts. Founded in 1834, the bank combines the community-oriented focus of a mutual institution with the transparency and oversight associated with a publicly traded company under the NASDAQ ticker HIFS.

The institution’s core activities include deposit and lending services tailored to individuals and businesses. Deposit offerings encompass checking and savings accounts, money market accounts, certificates of deposit and individual retirement accounts, supported by online and mobile banking platforms.