JPMorgan Chase & Co. Purchases 3,817 Shares of Hingham Institution for Savings (NASDAQ:HIFS)

JPMorgan Chase & Co. raised its stake in shares of Hingham Institution for Savings (NASDAQ:HIFS - Free Report) by 73.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,980 shares of the savings and loans company's stock after purchasing an additional 3,817 shares during the quarter. JPMorgan Chase & Co. owned 0.42% of Hingham Institution for Savings worth $2,282,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in 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 during the last quarter. State Street Corp lifted its position in Hingham Institution for Savings by 40.1% during the third quarter. State Street Corp now owns 52,434 shares of the savings and loans company's stock valued at $12,758,000 after purchasing an additional 15,000 shares during the last quarter. Geode Capital Management LLC lifted its position in Hingham Institution for Savings by 1.6% during the third quarter. Geode Capital Management LLC now owns 39,590 shares of the savings and loans company's stock valued at $9,635,000 after purchasing an additional 617 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of 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 acquiring an additional 453 shares during the last quarter. Finally, Anchor Capital Advisors LLC lifted 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 worth $1,367,000 after acquiring an additional 85 shares during the last quarter. 49.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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.

Hingham Institution for Savings Trading Up 0.8 %

Shares of HIFS traded up $1.94 during mid-day trading on Tuesday, reaching $255.47. The company's stock had a trading volume of 4,043 shares, compared to its average volume of 14,545. The stock has a market cap of $549.26 million, a PE ratio of 19.91 and a beta of 0.92. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.63. Hingham Institution for Savings has a 52 week low of $164.00 and a 52 week high of $300.00. The company's fifty day moving average price is $240.05 and its two-hundred day moving average price is $256.03.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last announced its quarterly earnings data on Friday, April 11th. The savings and loans company reported $2.78 earnings per share for the quarter. The firm had revenue of $17.59 million during 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 declared a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Monday, May 5th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.52 annualized dividend and a yield of 0.99%. Hingham Institution for Savings's payout ratio is currently 19.47%.

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.