Franklin Resources Inc. bought a new stake in Hingham Institution for Savings (NASDAQ:HIFS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,485 shares of the savings and loans company's stock, valued at approximately $377,000. Franklin Resources Inc. owned approximately 0.07% of Hingham Institution for Savings as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Anchor Capital Advisors LLC increased its holdings in shares of Hingham Institution for Savings by 1.6% in 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. FMR LLC grew its stake in Hingham Institution for Savings by 27.0% in the 3rd quarter. FMR LLC now owns 419 shares of the savings and loans company's stock worth $102,000 after acquiring an additional 89 shares during the period. SG Americas Securities LLC grew its stake in shares of 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 valued at $311,000 after buying an additional 202 shares during the period. Quantbot Technologies LP lifted its holdings in shares of Hingham Institution for Savings by 40.1% during 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. Finally, American Century Companies Inc. lifted its holdings in Hingham Institution for Savings by 3.5% in the 4th quarter. American Century Companies Inc. now owns 13,365 shares of the savings and loans company's stock worth $3,397,000 after buying an additional 453 shares in the last quarter. Institutional investors and hedge funds own 49.33% of the company's stock.
Hingham Institution for Savings Price Performance
Shares of HIFS stock traded up $19.92 during mid-day trading on Wednesday, hitting $252.94. 9,179 shares of the stock traded hands, compared to its average volume of 14,639. Hingham Institution for Savings has a twelve month low of $164.00 and a twelve month high of $300.00. The firm has a market cap of $543.82 million, a price-to-earnings ratio of 19.71 and a beta of 0.92. The company's 50-day simple moving average is $242.18 and its 200-day simple moving average is $255.63. 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 (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 return on equity of 2.95% and a net margin of 12.97%. The company had revenue of $17.59 million during the quarter.
Hingham Institution for Savings Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Monday, May 5th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Monday, May 5th. Hingham Institution for Savings's dividend payout ratio (DPR) is currently 19.47%.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered shares of Hingham Institution for Savings from a "hold" rating to a "sell" rating in a report on Tuesday, April 8th.
Check Out Our Latest Stock Analysis on HIFS
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.
See Also
Before you consider Hingham Institution for Savings, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hingham Institution for Savings wasn't on the list.
While Hingham Institution for Savings currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
