Hingham Institution for Savings (HIFS) Upgraded to “Hold” at BidaskClub

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Hingham Institution for Savings (NASDAQ:HIFS) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Shares of Hingham Institution for Savings stock opened at $220.00 on Friday. Hingham Institution for Savings has a one year low of $179.97 and a one year high of $242.00. The stock has a market cap of $457.02 million, a P/E ratio of 15.67 and a beta of 0.76.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its earnings results on Friday, July 13th. The savings and loans company reported $3.64 EPS for the quarter. The business had revenue of $16.60 million for the quarter.

Several institutional investors have recently made changes to their positions in the stock. Epoch Investment Partners Inc. boosted its position in shares of Hingham Institution for Savings by 2.8% during the 2nd quarter. Epoch Investment Partners Inc. now owns 94,805 shares of the savings and loans company’s stock valued at $20,828,000 after purchasing an additional 2,544 shares in the last quarter. BlackRock Inc. boosted its position in shares of Hingham Institution for Savings by 10.4% during the 2nd quarter. BlackRock Inc. now owns 75,861 shares of the savings and loans company’s stock valued at $16,667,000 after purchasing an additional 7,146 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Hingham Institution for Savings by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 52,322 shares of the savings and loans company’s stock valued at $11,495,000 after purchasing an additional 1,848 shares in the last quarter. Port Capital LLC boosted its position in shares of Hingham Institution for Savings by 6.5% during the 2nd quarter. Port Capital LLC now owns 51,274 shares of the savings and loans company’s stock valued at $11,265,000 after purchasing an additional 3,115 shares in the last quarter. Finally, Pennsylvania Trust Co boosted its position in shares of Hingham Institution for Savings by 9.9% during the 2nd quarter. Pennsylvania Trust Co now owns 25,610 shares of the savings and loans company’s stock valued at $5,627,000 after purchasing an additional 2,305 shares in the last quarter. Institutional investors own 32.15% of the company’s stock.

About Hingham Institution for Savings

Hingham Institution for Savings (the Bank) is a Massachusetts-chartered savings bank (the Bank). The Bank is principally engaged in the business of residential and commercial real estate mortgage lending, funded by a retail deposit network and borrowings. The Bank provides a range of financial services to individuals and small businesses through its approximately 10 offices in Boston and southeastern Massachusetts.

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