GAMMA Investing LLC grew its stake in Hingham Institution for Savings (NASDAQ:HIFS - Free Report) by 28,778.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,043 shares of the savings and loans company's stock after acquiring an additional 4,029 shares during the quarter. GAMMA Investing LLC owned about 0.19% of Hingham Institution for Savings worth $9,610,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Focus Partners Wealth grew its stake in shares of Hingham Institution for Savings by 549.2% in the 4th quarter. Focus Partners Wealth now owns 11,069 shares of the savings and loans company's stock valued at $2,813,000 after buying an additional 9,364 shares during the period. Maren Capital LLC lifted its holdings in Hingham Institution for Savings by 3.0% in the fourth quarter. Maren Capital LLC now owns 167,730 shares of the savings and loans company's stock valued at $42,627,000 after acquiring an additional 4,843 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Hingham Institution for Savings by 73.9% in the fourth quarter. JPMorgan Chase & Co. now owns 8,980 shares of the savings and loans company's stock valued at $2,282,000 after acquiring an additional 3,817 shares during the last quarter. Vanguard Group Inc. grew its position in Hingham Institution for Savings by 3.7% in the fourth quarter. Vanguard Group Inc. now owns 104,161 shares of the savings and loans company's stock worth $26,471,000 after acquiring an additional 3,717 shares during the period. Finally, Aptus Capital Advisors LLC increased its stake in Hingham Institution for Savings by 21.8% during the fourth quarter. Aptus Capital Advisors LLC now owns 17,474 shares of the savings and loans company's stock worth $4,441,000 after acquiring an additional 3,127 shares during the last quarter. 49.33% of the stock is owned by institutional investors and hedge funds.
Hingham Institution for Savings Trading Down 1.0%
HIFS traded down $2.36 on Monday, hitting $227.55. The company had a trading volume of 76,425 shares, compared to its average volume of 22,737. The company's fifty day moving average price is $244.45 and its 200 day moving average price is $252.53. Hingham Institution for Savings has a 1 year low of $164.00 and a 1 year high of $300.00. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.63. The firm has a market cap of $489.23 million, a P/E ratio of 17.74 and a beta of 0.93.
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 (EPS) for the quarter. Hingham Institution for Savings had a net margin of 12.97% and a return on equity of 2.95%. The business had revenue of $17.59 million for the quarter.
Hingham Institution for Savings Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Monday, May 5th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Monday, May 5th. Hingham Institution for Savings's payout ratio is 19.47%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered Hingham Institution for Savings from a "hold" rating to a "sell" rating in a research note on Tuesday, April 8th.
Read Our Latest Report on Hingham Institution for Savings
Hingham Institution for Savings Company Profile
(
Free Report)
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.
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