Hingham Institution for Savings (NASDAQ:HIFS – Get a Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note published on Saturday.

NASDAQ:HIFS shares opened at $314.87 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt ratio of 1.88. Hingham Institution for Savings has a 12-month low of $279.56 and a 12-month high of $432.19. The stock’s 50-day moving average is $341.67 and its 200-day moving average is $368.83. The company has a market capitalization of $670.67 million, a price-earnings ratio of 11.02 and a beta of 0.92.

Several institutional investors have recently changed their positions in the company. Nisa Investment Advisors LLC increased its position in shares of Hingham Institution for Savings by 28.1% during the 1st quarter. Nisa Investment Advisors LLC now owns 205 shares of the savings and loan company valued at $70,000 after buying 45 additional shares in the last quarter. First Trust Advisors LP increased its position in shares of Hingham Institution for Savings by 7.2% during the fourth quarter. First Trust Advisors LP now owns 994 shares of the savings and loan company valued at $417,000 after buying 67 more shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Hingham Institution for Savings by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,851 shares of the savings and loan company valued at $1,617,000 after buying 89 additional shares in the last quarter. Citigroup Inc. increased its position in shares of Hingham Institution for Savings by 144.9% during the third quarter. Citigroup Inc. now owns 169 shares of the savings and loan company valued at $57,000 after buying 100 more shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Hingham Institution for Savings by 0.4% during the 4th quarter. Renaissance Technologies LLC now owns 25,519 shares of the savings and loan company valued at $10,715,000 after purchasing an additional 100 shares in the last quarter.

About the Hingham Institution for Savings (Get a rating)

Hingham Institution for Savings offers various financial products and services to individuals and businesses in the United States. It offers savings, checking, money market, demand deposit and negotiable withdrawal order accounts, as well as certificates of deposit. The Company also offers commercial and residential real estate, construction loans, real estate loans, commercial loans and consumer loans.

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