Hingham Institution for Savings (NASDAQ:HIFS) Shares Sold by Ancora Advisors LLC

Ancora Advisors LLC decreased its holdings in shares of Hingham Institution for Savings (NASDAQ:HIFS - Free Report) by 24.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,928 shares of the savings and loans company's stock after selling 1,871 shares during the period. Ancora Advisors LLC owned approximately 0.28% of Hingham Institution for Savings worth $1,507,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its holdings in Hingham Institution for Savings by 941.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 479 shares of the savings and loans company's stock valued at $122,000 after purchasing an additional 433 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in Hingham Institution for Savings in the fourth quarter valued at $204,000. MetLife Investment Management LLC boosted its position in shares of Hingham Institution for Savings by 10.9% during the 4th quarter. MetLife Investment Management LLC now owns 935 shares of the savings and loans company's stock worth $238,000 after purchasing an additional 92 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of 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 purchasing an additional 188 shares during the period. Finally, RFG Bristol Wealth Advisors LLC purchased a new position in shares of Hingham Institution for Savings in the 4th quarter valued at about $287,000. Hedge funds and other institutional investors own 49.33% of the company's stock.

Hingham Institution for Savings Price Performance

Shares of NASDAQ HIFS traded up $3.07 on Wednesday, hitting $253.65. The company's stock had a trading volume of 18,934 shares, compared to its average volume of 14,669. The stock has a 50 day moving average of $239.12 and a 200-day moving average of $255.56. The company has a market capitalization of $545.34 million, a price-to-earnings ratio of 19.77 and a beta of 0.97. Hingham Institution for Savings has a 12-month low of $164.00 and a 12-month high of $300.00. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.57 and a quick ratio of 1.57.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last released its quarterly earnings results on Friday, April 11th. The savings and loans company reported $2.78 earnings per share 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 during the quarter.

Hingham Institution for Savings Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Monday, May 5th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.52 annualized dividend and a dividend yield of 0.99%. Hingham Institution for Savings's dividend payout ratio is currently 19.47%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered 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.