Extremely important positive changes in investment behavior have recently occurred for Hingham Institution for Savings (NASDAQ: HIFS): the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and the stock rose on very heavy volume.
Small positive changes in Hingham Institution for Savings (NASDAQ: HIFS) fundamentals have recently occurred: significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Hingham Institution for Savings has a slightly positive Appreciation Score of 64 but a slightly negative Power Rating of 36, and the Neutral Value Trend Rating results.
Recent Price Action
Hingham Institution for Savings (NASDAQ: HIFS) stock enjoyed a very large increase of 7.0% on 7/15/24. The shares closed at $208.00. Moreover, exceptionally high trading volume at 264% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 17.2% during the last week.
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