Hingham Institution for Savings (NASDAQ:HIFS) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Hingham Institution for Savings (NASDAQ:HIFS)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $290.07 and traded as low as $283.56. Hingham Institution for Savings shares last traded at $285.36, with a volume of 19,158 shares traded.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HIFS shares. Weiss Ratings upgraded shares of Hingham Institution for Savings from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. Wall Street Zen downgraded Hingham Institution for Savings from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Hingham Institution for Savings Stock Up 1.5%

The firm has a market cap of $644.89 million, a PE ratio of 12.97 and a beta of 0.84. The company has a debt-to-equity ratio of 2.93, a quick ratio of 1.64 and a current ratio of 1.64. The company’s 50-day simple moving average is $285.11 and its two-hundred day simple moving average is $289.97.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers grew its position in shares of Hingham Institution for Savings by 1.7% in the 3rd quarter. Rhumbline Advisers now owns 2,265 shares of the savings and loans company’s stock worth $597,000 after buying an additional 38 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Hingham Institution for Savings by 46.3% during the first quarter. Parallel Advisors LLC now owns 139 shares of the savings and loans company’s stock valued at $40,000 after acquiring an additional 44 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Hingham Institution for Savings by 0.7% during the first quarter. Bank of New York Mellon Corp now owns 7,014 shares of the savings and loans company’s stock valued at $2,005,000 after acquiring an additional 51 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Hingham Institution for Savings by 33.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 206 shares of the savings and loans company’s stock worth $58,000 after acquiring an additional 52 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Hingham Institution for Savings by 8.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 961 shares of the savings and loans company’s stock worth $229,000 after acquiring an additional 75 shares during the period. Institutional investors own 49.33% of the company’s stock.

Hingham Institution for Savings Company Profile

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.