Occudo Quantitative Strategies LP Buys New Position in Hingham Institution for Savings (NASDAQ:HIFS)

Occudo Quantitative Strategies LP purchased a new position in shares of Hingham Institution for Savings (NASDAQ:HIFS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,159 shares of the savings and loans company's stock, valued at approximately $295,000. Occudo Quantitative Strategies LP owned 0.05% of Hingham Institution for Savings as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Hingham Institution for Savings by 5.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 886 shares of the savings and loans company's stock worth $225,000 after purchasing an additional 49 shares during the last quarter. Focus Partners Wealth grew its stake in shares of Hingham Institution for Savings by 549.2% in the 4th quarter. Focus Partners Wealth now owns 11,069 shares of the savings and loans company's stock valued at $2,813,000 after buying an additional 9,364 shares in the last quarter. Deutsche Bank AG increased its holdings in Hingham Institution for Savings by 56.7% in the fourth quarter. Deutsche Bank AG now owns 1,460 shares of the savings and loans company's stock worth $371,000 after buying an additional 528 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in Hingham Institution for Savings by 7.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,424 shares of the savings and loans company's stock valued at $362,000 after acquiring an additional 100 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Hingham Institution for Savings by 24.4% in the fourth quarter. Bank of America Corp DE now owns 3,225 shares of the savings and loans company's stock valued at $820,000 after acquiring an additional 633 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 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 Stock Down 0.6%

Hingham Institution for Savings stock traded down $1.45 during mid-day trading on Thursday, hitting $253.95. 28,158 shares of the company's stock were exchanged, compared to its average volume of 17,256. Hingham Institution for Savings has a 1-year low of $164.00 and a 1-year high of $300.00. The stock has a 50 day moving average of $243.68 and a two-hundred day moving average of $255.86. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.63. The stock has a market cap of $545.99 million, a P/E ratio of 19.94 and a beta of 0.97.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $17.59 million for the quarter.

Hingham Institution for Savings Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Stockholders of record on Monday, May 5th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Monday, May 5th. Hingham Institution for Savings's payout ratio is 19.47%.

About Hingham Institution for Savings

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.