Ancora Advisors LLC Decreases Stock Holdings in Hingham Institution for Savings (NASDAQ:HIFS)

Ancora Advisors LLC trimmed its stake in Hingham Institution for Savings (NASDAQ:HIFS - Free Report) by 24.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,928 shares of the savings and loans company's stock after selling 1,871 shares during the period. Ancora Advisors LLC owned 0.28% of Hingham Institution for Savings worth $1,507,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HIFS. Tower Research Capital LLC TRC increased its position in Hingham Institution for Savings by 941.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 479 shares of the savings and loans company's stock worth $122,000 after buying an additional 433 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of Hingham Institution for Savings during the 4th quarter valued at approximately $204,000. MetLife Investment Management LLC increased its holdings in Hingham Institution for Savings by 10.9% in the 4th quarter. MetLife Investment Management LLC now owns 935 shares of the savings and loans company's stock worth $238,000 after acquiring an additional 92 shares in the last quarter. Wells Fargo & Company MN raised its stake in Hingham Institution for Savings by 22.5% during the 4th quarter. Wells Fargo & Company MN now owns 1,025 shares of the savings and loans company's stock worth $261,000 after acquiring an additional 188 shares during the period. Finally, RFG Bristol Wealth Advisors LLC purchased a new position in Hingham Institution for Savings during the fourth quarter valued at approximately $287,000. 49.33% of the stock is owned by institutional investors.

Hingham Institution for Savings Price Performance

NASDAQ:HIFS traded down $0.06 on Friday, reaching $259.25. 22,501 shares of the company's stock traded hands, compared to its average volume of 14,868. The stock has a 50-day simple moving average of $239.42 and a 200-day simple moving average of $255.51. Hingham Institution for Savings has a 12 month low of $164.00 and a 12 month high of $300.00. The firm has a market cap of $557.39 million, a PE ratio of 20.21 and a beta of 0.97. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.63.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last issued its earnings results on Friday, April 11th. The savings and loans company reported $2.78 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a return on equity of 2.95% and a net margin of 12.97%. The company had revenue of $17.59 million for the quarter.

Hingham Institution for Savings Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Monday, May 5th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.97%. Hingham Institution for Savings's dividend payout ratio is 19.47%.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Hingham Institution for Savings from a "hold" rating to a "sell" rating in a research report on Tuesday, April 8th.

About Hingham Institution for Savings

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