Hingham Institution for Savings (NASDAQ:HIFS) Stock Position Lowered by Hennessy Advisors Inc.

Hennessy Advisors Inc. lessened its position in Hingham Institution for Savings (NASDAQ:HIFS) by 40.0% in the 1st quarter, Holdings Channel reports. The fund owned 9,000 shares of the savings and loans company’s stock after selling 6,000 shares during the period. Hennessy Advisors Inc.’s holdings in Hingham Institution for Savings were worth $1,570,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Copeland Capital Management LLC lifted its position in shares of Hingham Institution for Savings by 97.6% in the 4th quarter. Copeland Capital Management LLC now owns 168 shares of the savings and loans company’s stock valued at $33,000 after acquiring an additional 83 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Hingham Institution for Savings by 161.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 395 shares of the savings and loans company’s stock valued at $77,000 after acquiring an additional 244 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Hingham Institution for Savings by 22.4% in the 4th quarter. SG Americas Securities LLC now owns 840 shares of the savings and loans company’s stock valued at $163,000 after acquiring an additional 154 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new stake in shares of Hingham Institution for Savings in the 4th quarter valued at approximately $200,000. Finally, First National Bank Sioux Falls purchased a new stake in Hingham Institution for Savings in the 1st quarter worth approximately $215,000. Hedge funds and other institutional investors own 49.33% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Hingham Institution for Savings to a “sell” rating in a research report on Saturday, May 4th.

Hingham Institution for Savings Stock Up 2.0 %

HIFS stock traded up $3.57 during midday trading on Friday, reaching $178.50. The company had a trading volume of 5,838 shares, compared to its average volume of 14,024. Hingham Institution for Savings has a 1 year low of $147.01 and a 1 year high of $229.99. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 4.07. The company has a market capitalization of $383.78 million, a P/E ratio of 15.51 and a beta of 1.02. The company has a 50 day moving average of $173.90 and a two-hundred day moving average of $176.69.

Hingham Institution for Savings (NASDAQ:HIFS) last released its earnings results on Friday, April 12th. The savings and loans company reported $1.01 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a net margin of 12.38% and a return on equity of 2.71%. The company had revenue of $15.33 million during the quarter.

Hingham Institution for Savings Company Profile

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.