Two Sigma Investments LP decreased its position in Hingham Institution for Savings (NASDAQ:HIFS - Free Report) by 30.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,658 shares of the savings and loans company's stock after selling 1,636 shares during the quarter. Two Sigma Investments LP owned approximately 0.17% of Hingham Institution for Savings worth $930,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Anchor Capital Advisors LLC increased its stake in Hingham Institution for Savings by 1.6% during the 4th quarter. Anchor Capital Advisors LLC now owns 5,380 shares of the savings and loans company's stock valued at $1,367,000 after purchasing an additional 85 shares in the last quarter. Quantbot Technologies LP lifted its position in Hingham Institution for Savings by 40.1% in the 4th quarter. Quantbot Technologies LP now owns 1,331 shares of the savings and loans company's stock valued at $338,000 after acquiring an additional 381 shares in the last quarter. American Century Companies Inc. boosted its stake in Hingham Institution for Savings by 3.5% during the 4th quarter. American Century Companies Inc. now owns 13,365 shares of the savings and loans company's stock valued at $3,397,000 after purchasing an additional 453 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Hingham Institution for Savings by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 104,161 shares of the savings and loans company's stock valued at $26,471,000 after purchasing an additional 3,717 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Hingham Institution for Savings by 73.9% during 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 buying an additional 3,817 shares during the last quarter. 49.33% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered Hingham Institution for Savings from a "hold" rating to a "sell" rating in a report on Tuesday, April 8th.
View Our Latest Stock Report on Hingham Institution for Savings
Hingham Institution for Savings Price Performance
HIFS stock traded up $5.99 during trading on Tuesday, reaching $233.54. The company's stock had a trading volume of 97,497 shares, compared to its average volume of 23,061. The company has a market capitalization of $502.11 million, a P/E ratio of 18.20 and a beta of 0.93. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.63. Hingham Institution for Savings has a 1 year low of $164.00 and a 1 year high of $300.00. The company's fifty day moving average is $244.17 and its 200-day moving average is $252.13.
Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last announced its quarterly earnings results on Friday, April 11th. The savings and loans company reported $2.78 earnings per share (EPS) for the quarter. The company had revenue of $17.59 million for the quarter. Hingham Institution for Savings had a net margin of 12.97% and a return on equity of 2.95%.
Hingham Institution for Savings Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Monday, May 5th were given a $0.63 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.08%. Hingham Institution for Savings's dividend payout ratio is currently 19.47%.
About Hingham Institution for Savings
(
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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