Vanguard Group Inc. Acquires 3,717 Shares of Hingham Institution for Savings (NASDAQ:HIFS)

Vanguard Group Inc. grew its holdings in Hingham Institution for Savings (NASDAQ:HIFS) by 3.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 104,161 shares of the savings and loans company’s stock after acquiring an additional 3,717 shares during the period. Vanguard Group Inc.’s holdings in Hingham Institution for Savings were worth $26,471,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. FMR LLC increased its position in shares of Hingham Institution for Savings by 27.0% during 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 during the last quarter. SeaCrest Wealth Management LLC purchased a new position in Hingham Institution for Savings during the fourth quarter worth $204,000. SG Americas Securities LLC boosted its stake in Hingham Institution for Savings by 19.8% during the fourth 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 period. Quantbot Technologies LP increased its position in Hingham Institution for Savings by 40.1% during the fourth quarter. Quantbot Technologies LP now owns 1,331 shares of the savings and loans company’s stock valued at $338,000 after acquiring an additional 381 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Hingham Institution for Savings by 477.9% in the third quarter. Barclays PLC now owns 3,063 shares of the savings and loans company’s stock valued at $746,000 after acquiring an additional 2,533 shares during the period. 49.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut 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 Up 4.6 %

Shares of NASDAQ:HIFS opened at $230.41 on Tuesday. The firm has a market capitalization of $495.38 million, a PE ratio of 17.96 and a beta of 0.92. The business has a 50 day simple moving average of $245.89 and a two-hundred day simple moving average of $255.59. Hingham Institution for Savings has a 1 year low of $162.84 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 posted its quarterly earnings data 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Monday, May 5th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Monday, May 5th. Hingham Institution for Savings’s payout ratio is presently 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.