Mackenzie Financial Corp Purchases Shares of 1,584 Hingham Institution for Savings (NASDAQ:HIFS)

Mackenzie Financial Corp purchased a new position in shares of Hingham Institution for Savings (NASDAQ:HIFS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,584 shares of the savings and loans company's stock, valued at approximately $403,000. Mackenzie Financial Corp owned about 0.07% of Hingham Institution for Savings as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its position 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Hingham Institution for Savings by 5.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 886 shares of the savings and loans company's stock valued at $225,000 after purchasing an additional 49 shares during the period. MetLife Investment Management LLC boosted its holdings in shares of Hingham Institution for Savings by 10.9% in the fourth quarter. MetLife Investment Management LLC now owns 935 shares of the savings and loans company's stock worth $238,000 after buying an additional 92 shares during the period. 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 valued at $261,000 after purchasing an additional 188 shares during the period. Finally, RFG Bristol Wealth Advisors LLC acquired a new position in Hingham Institution for Savings during the fourth quarter valued at $287,000. Institutional investors and hedge funds own 49.33% of the company's stock.

Hingham Institution for Savings Price Performance

HIFS stock traded down $6.85 during trading on Thursday, hitting $225.15. The company had a trading volume of 77,343 shares, compared to its average volume of 22,127. 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 company has a fifty day moving average price of $244.83 and a two-hundred day moving average price of $253.37. Hingham Institution for Savings has a fifty-two week low of $164.00 and a fifty-two week high of $300.00. The company has a market cap of $484.07 million, a P/E ratio of 17.55 and a beta of 0.97.

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

Hingham Institution for Savings Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Monday, May 5th were given a $0.63 dividend. The ex-dividend date was Monday, May 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.12%. Hingham Institution for Savings's payout ratio is 19.47%.

Wall Street Analysts Forecast Growth

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

Hingham Institution for Savings Company 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.