Russell Investments Group Ltd. Sells 4,819 Shares of Hingham Institution for Savings (NASDAQ:HIFS)

Russell Investments Group Ltd. reduced its position in Hingham Institution for Savings (NASDAQ:HIFS - Free Report) by 25.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,850 shares of the savings and loans company's stock after selling 4,819 shares during the period. Russell Investments Group Ltd. owned approximately 0.64% of Hingham Institution for Savings worth $3,520,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HIFS. FMR LLC grew its stake in shares of 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 in the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of Hingham Institution for Savings in the 4th quarter worth approximately $204,000. Wells Fargo & Company MN increased its position in shares of Hingham Institution for Savings by 22.5% during the fourth quarter. Wells Fargo & Company MN now owns 1,025 shares of the savings and loans company's stock valued at $261,000 after acquiring an additional 188 shares during the last quarter. RFG Bristol Wealth Advisors LLC bought a new stake in Hingham Institution for Savings during the fourth quarter worth $287,000. Finally, SG Americas Securities LLC boosted its position in Hingham Institution for Savings by 19.8% in the fourth quarter. SG Americas Securities LLC now owns 1,223 shares of the savings and loans company's stock worth $311,000 after purchasing an additional 202 shares during the last quarter. 49.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut 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 Performance

HIFS stock traded up $12.98 during mid-day trading on Tuesday, hitting $246.00. The company had a trading volume of 9,179 shares, compared to its average volume of 14,695. Hingham Institution for Savings has a 12 month low of $164.00 and a 12 month high of $300.00. The stock's fifty day moving average price is $242.18 and its two-hundred day moving average price is $255.63. The firm has a market cap of $528.90 million, a PE ratio of 19.17 and a beta of 0.92. 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 posted its quarterly earnings data on Friday, April 11th. The savings and loans company reported $2.78 EPS 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Monday, May 5th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.02%. The ex-dividend date is Monday, May 5th. Hingham Institution for Savings's dividend payout ratio (DPR) 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.