Vanguard Group Inc. lifted its stake in shares of Hingham Institution for Savings (NASDAQ:HIFS - Free Report) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,161 shares of the savings and loans company's stock after buying an additional 3,717 shares during the period. Vanguard Group Inc. owned approximately 4.84% of Hingham Institution for Savings worth $26,471,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HIFS. American Century Companies Inc. raised its stake in shares of Hingham Institution for Savings by 3.5% in the fourth quarter. American Century Companies Inc. now owns 13,365 shares of the savings and loans company's stock worth $3,397,000 after purchasing an additional 453 shares during the last quarter. Quantbot Technologies LP boosted its position in Hingham Institution for Savings by 40.1% in the fourth quarter. Quantbot Technologies LP now owns 1,331 shares of the savings and loans company's stock valued at $338,000 after buying an additional 381 shares during the last quarter. Anchor Capital Advisors LLC increased its holdings in 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 buying an additional 85 shares during the period. SG Americas Securities LLC raised its position 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 buying an additional 202 shares during the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new stake in Hingham Institution for Savings during the 4th quarter valued at approximately $204,000. Institutional investors and hedge funds own 49.33% of the company's stock.
Hingham Institution for Savings Stock Performance
Shares of NASDAQ HIFS traded up $3.12 during trading on Friday, reaching $240.41. 11,180 shares of the company traded hands, compared to its average volume of 14,709. Hingham Institution for Savings has a 12-month low of $164.00 and a 12-month high of $300.00. 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 $516.88 million, a P/E ratio of 18.74 and a beta of 0.92. The firm's fifty day simple moving average is $243.58 and its 200 day simple moving average is $255.50.
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 (EPS) for the quarter. The company had revenue of $17.59 million during the quarter. Hingham Institution for Savings had a return on equity of 2.95% and a net margin of 12.97%.
Hingham Institution for Savings Announces Dividend
The company also recently declared 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. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.52 annualized dividend and a yield of 1.05%. Hingham Institution for Savings's dividend payout ratio is presently 19.47%.
Wall Street Analyst Weigh In
Separately, StockNews.com cut 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 Report 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.
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