Hotchkis & Wiley Capital Management LLC Buys 24,320 Shares of Hingham Institution for Savings $HIFS

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Hingham Institution for Savings by 182.2%, owning about 1.75% of the company with a total value of $8,958,000.
• Hingham Institution for Savings' stock has increased by 5.2%, with a current share price of $277.68, positioned between a 52-week low of $209.71 and a high of $300.00.
• The company recently declared a quarterly dividend of $0.63 per share, representing an annualized dividend yield of 0.9%.

Hotchkis & Wiley Capital Management LLC boosted its holdings in Hingham Institution for Savings (NASDAQ:HIFS - Free Report) by 182.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,670 shares of the savings and loans company's stock after buying an additional 24,320 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 1.75% of Hingham Institution for Savings worth $8,958,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of HIFS. Wells Fargo & Company MN grew its stake in Hingham Institution for Savings by 22.5% in the 4th quarter. Wells Fargo & Company MN now owns 1,025 shares of the savings and loans company's stock valued at $261,000 after buying an additional 188 shares in the last quarter. Invesco Ltd. grew its stake in Hingham Institution for Savings by 10.8% in the 4th quarter. Invesco Ltd. now owns 3,701 shares of the savings and loans company's stock valued at $941,000 after buying an additional 361 shares in the last quarter. Barclays PLC grew its position in shares of Hingham Institution for Savings by 11.6% during the 4th quarter. Barclays PLC now owns 3,418 shares of the savings and loans company's stock valued at $868,000 after purchasing an additional 355 shares in the last quarter. MetLife Investment Management LLC grew 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 valued at $238,000 after purchasing an additional 92 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Hingham Institution for Savings by 941.3% during 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. 49.33% of the stock is currently owned by hedge funds and other institutional investors.

Hingham Institution for Savings Stock Performance

Shares of HIFS traded down $4.21 during mid-day trading on Friday, reaching $284.14. 38,347 shares of the stock traded hands, compared to its average volume of 47,128. The firm has a fifty day moving average price of $259.67 and a 200 day moving average price of $249.58. The company has a quick ratio of 1.53, a current ratio of 1.59 and a debt-to-equity ratio of 3.53. Hingham Institution for Savings has a 1 year low of $209.71 and a 1 year high of $300.00.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last posted its quarterly earnings data on Friday, July 11th. The savings and loans company reported $3.39 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a net margin of 15.53% and a return on equity of 4.95%. The company had revenue of $20.85 million during the quarter.

Hingham Institution for Savings Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 13th. Stockholders of record on Monday, August 4th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, August 4th. Hingham Institution for Savings's payout ratio is currently 16.43%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Hingham Institution for Savings from a "sell" rating to a "hold" rating in a research report on Friday, July 18th.

Hingham Institution for Savings Profile

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.