Focus Partners Wealth Purchases 9,364 Shares of Hingham Institution for Savings (NASDAQ:HIFS)

Focus Partners Wealth increased its position in shares of Hingham Institution for Savings (NASDAQ:HIFS - Free Report) by 549.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,069 shares of the savings and loans company's stock after acquiring an additional 9,364 shares during the quarter. Focus Partners Wealth owned about 0.51% of Hingham Institution for Savings worth $2,813,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in Hingham Institution for Savings by 508.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,163 shares of the savings and loans company's stock worth $1,256,000 after acquiring an additional 4,314 shares during the last quarter. Barclays PLC boosted its stake in Hingham Institution for Savings by 477.9% during the 3rd quarter. Barclays PLC now owns 3,063 shares of the savings and loans company's stock worth $746,000 after acquiring an additional 2,533 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in Hingham Institution for Savings during the 4th quarter worth approximately $204,000. SG Americas Securities LLC boosted its stake in Hingham Institution for Savings by 19.8% during the 4th quarter. SG Americas Securities LLC now owns 1,223 shares of the savings and loans company's stock worth $311,000 after acquiring an additional 202 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Hingham Institution for Savings by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 40,107 shares of the savings and loans company's stock worth $10,196,000 after acquiring an additional 517 shares during the last quarter. Institutional investors own 49.33% of the company's stock.

Hingham Institution for Savings Stock Performance

Shares of HIFS opened at $269.48 on Friday. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.57 and a current ratio of 1.57. Hingham Institution for Savings has a twelve month low of $164.00 and a twelve month high of $300.00. The firm's 50 day moving average price is $241.41 and its two-hundred day moving average price is $255.70. The firm has a market cap of $579.38 million, a P/E ratio of 21.00 and a beta of 0.97.

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 for the quarter. Hingham Institution for Savings had a net margin of 12.97% and a return on equity of 2.95%. The firm had revenue of $17.59 million for the quarter.

Hingham Institution for Savings Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 14th. Shareholders of record on Monday, May 5th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Monday, May 5th. Hingham Institution for Savings's payout ratio is currently 19.47%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Hingham Institution for Savings from a "hold" rating to a "sell" rating in a research note on Tuesday, April 8th.

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.

Want to see what other hedge funds are holding HIFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hingham Institution for Savings (NASDAQ:HIFS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.