Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Hingham Institution for Savings (NASDAQ: HIFS) weakened during the last several trading days. HIFS’ current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Hingham Institution for Savings (NASDAQ: HIFS) stock rose modestly by 0.5% on 5/3/24. The stock closed at $177.63. However, exceptionally low trading volume at 19% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 3.0% 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 D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Hingham Institution for Savings has a neutral Appreciation Score of 57 but a poor Power Rating of 28, with the Negative Value Trend Rating the result.
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