Hingham Institution for Savings (NASDAQ:HIFS) Shares Bought by Barclays PLC

Barclays PLC raised its stake in Hingham Institution for Savings (NASDAQ:HIFS) by 477.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 3,063 shares of the savings and loans company’s stock after purchasing an additional 2,533 shares during the quarter. Barclays PLC’s holdings in Hingham Institution for Savings were worth $746,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in Hingham Institution for Savings by 1.6% in 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 buying an additional 617 shares during the last quarter. Wallace Capital Management Inc. acquired a new position in Hingham Institution for Savings in the third quarter valued at about $219,000. State Street Corp lifted its position in Hingham Institution for Savings by 40.1% in 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 buying an additional 15,000 shares during the last quarter. Maren Capital LLC lifted its position in Hingham Institution for Savings by 4.1% in the third quarter. Maren Capital LLC now owns 162,887 shares of the savings and loans company’s stock valued at $39,632,000 after buying an additional 6,416 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new position in Hingham Institution for Savings in the third quarter valued at about $3,248,000. Institutional investors and hedge funds own 49.33% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Hingham Institution for Savings from a “sell” rating to a “hold” rating in a research report on Monday.

Hingham Institution for Savings Stock Up 1.7 %

Shares of HIFS opened at $242.01 on Thursday. The stock has a market capitalization of $519.60 million, a PE ratio of 22.92 and a beta of 1.02. 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 quick ratio of 1.57 and a current ratio of 1.57. The company’s 50-day simple moving average is $268.52 and its 200-day simple moving average is $247.86.

Hingham Institution for Savings Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, January 6th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.52 annualized dividend and a dividend yield of 1.04%. Hingham Institution for Savings’s dividend payout ratio is presently 23.86%.

Hingham Institution for Savings 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.