Royce & Associates LP Reduces Stock Holdings in Hingham Institution for Savings (NASDAQ:HIFS)

Key Points

• Royce & Associates LP reduced its stake in Hingham Institution for Savings by 2.2%, selling 2,054 shares, leaving them with 89,587 shares worth approximately $21.3 million.
• Multiple large investors, including MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. and MetLife Investment Management LLC, have increased their holdings in Hingham Institution for Savings during the fourth quarter.
• The company announced a quarterly dividend of $0.63, yielding 1.02%, with an ex-dividend date of August 4th.

Royce & Associates LP decreased its holdings in Hingham Institution for Savings (NASDAQ:HIFS - Free Report) by 2.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 89,587 shares of the savings and loans company's stock after selling 2,054 shares during the quarter. Royce & Associates LP owned about 4.17% of Hingham Institution for Savings worth $21,304,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Hennessy Advisors Inc. boosted its stake in shares of Hingham Institution for Savings by 20.0% during the first quarter. Hennessy Advisors Inc. now owns 6,000 shares of the savings and loans company's stock valued at $1,427,000 after acquiring an additional 1,000 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Hingham Institution for Savings by 28,778.6% during the first quarter. GAMMA Investing LLC now owns 4,043 shares of the savings and loans company's stock valued at $9,610,000 after acquiring an additional 4,029 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Hingham Institution for Savings during the fourth quarter valued at $403,000. Rafferty Asset Management LLC boosted its stake in shares of Hingham Institution for Savings by 9.1% during the fourth quarter. Rafferty Asset Management LLC now owns 2,863 shares of the savings and loans company's stock valued at $728,000 after acquiring an additional 238 shares during the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of Hingham Institution for Savings during the fourth quarter valued at $295,000. Hedge funds and other institutional investors own 49.33% of the company's stock.

Wall Street Analysts Forecast Growth

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

Hingham Institution for Savings Trading Up 0.9%

Shares of Hingham Institution for Savings stock traded up $2.17 during trading hours on Monday, reaching $248.78. The stock had a trading volume of 11,949 shares, compared to its average volume of 41,235. The firm has a 50 day simple moving average of $249.03 and a two-hundred day simple moving average of $248.46. The firm has a market capitalization of $534.87 million, a price-to-earnings ratio of 16.22 and a beta of 0.92. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 3.36. 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 released its quarterly earnings data on Friday, July 11th. The savings and loans company reported $3.39 EPS for the quarter. The company had revenue of $20.85 million for the quarter. Hingham Institution for Savings had a return on equity of 4.99% and a net margin of 15.53%.

Hingham Institution for Savings Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 13th. Stockholders of record on Monday, August 4th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Monday, August 4th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.01%. Hingham Institution for Savings's dividend payout ratio (DPR) is 16.43%.

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.