Stock Rating Upgrade
The Value Trend Rating for Hingham Institution for Savings (NASDAQ: HIFS) improved in recent days from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 5/24/24, Hingham Institution for Savings (NASDAQ: HIFS) stock increased 1.2%, closing at $171.26. NORMAL trading volume accompanied the advance. Relative to the market the stock has been weak over the last nine months and has declined -8.2% during the last week.
Current PriceTarget Research Rating
HIFS is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Hingham Institution for Savings has a current Value Trend Rating of C (Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Hingham Institution for Savings has a slightly positive Appreciation Score of 69 but a slightly negative Power Rating of 30, leading to the Neutral Value Trend Rating.
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