Hingham Institution for Savings (NASDAQ:HIFS) Shares Bought by State Street Corp

State Street Corp grew its stake in Hingham Institution for Savings (NASDAQ:HIFS) by 40.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 52,434 shares of the savings and loans company’s stock after buying an additional 15,000 shares during the quarter. State Street Corp’s holdings in Hingham Institution for Savings were worth $12,758,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Copeland Capital Management LLC purchased a new position in Hingham Institution for Savings in the third quarter worth approximately $61,000. FMR LLC raised its holdings 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 valued at $102,000 after purchasing an additional 89 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of Hingham Institution for Savings by 49.1% in the 3rd quarter. Quantbot Technologies LP now owns 950 shares of the savings and loans company’s stock valued at $231,000 after purchasing an additional 313 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Hingham Institution for Savings during the 3rd quarter worth $243,000. Finally, SG Americas Securities LLC acquired a new position in shares of Hingham Institution for Savings during the third quarter worth $248,000. 49.33% of the stock is owned by institutional investors and hedge funds.

Hingham Institution for Savings Stock Up 2.8 %

Shares of NASDAQ HIFS opened at $256.56 on Thursday. The business has a 50-day moving average of $271.77 and a two-hundred day moving average of $239.56. The company has a market capitalization of $550.83 million, a price-to-earnings ratio of 24.30 and a beta of 1.01. Hingham Institution for Savings has a 1 year low of $150.11 and a 1 year high of $300.00. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.57 and a quick ratio of 1.57.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its quarterly earnings results on Friday, October 11th. The savings and loans company reported $1.44 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a return on equity of 2.27% and a net margin of 10.95%. The firm had revenue of $15.21 million during the quarter.

Hingham Institution for Savings Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, January 6th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Monday, January 6th. Hingham Institution for Savings’s dividend payout ratio (DPR) is currently 23.86%.

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.