Tower Research Capital LLC TRC Has $122,000 Stake in Hingham Institution for Savings (NASDAQ:HIFS)

Tower Research Capital LLC TRC lifted its stake in Hingham Institution for Savings (NASDAQ:HIFS) by 941.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 479 shares of the savings and loans company’s stock after purchasing an additional 433 shares during the period. Tower Research Capital LLC TRC’s holdings in Hingham Institution for Savings were worth $122,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of HIFS. Maren Capital LLC increased its stake in shares of Hingham Institution for Savings by 3.0% in the 4th quarter. Maren Capital LLC now owns 167,730 shares of the savings and loans company’s stock valued at $42,627,000 after buying an additional 4,843 shares during the period. Vanguard Group Inc. increased its position in Hingham Institution for Savings by 3.7% in the fourth quarter. Vanguard Group Inc. now owns 104,161 shares of the savings and loans company’s stock worth $26,471,000 after purchasing an additional 3,717 shares during the period. Geode Capital Management LLC raised its holdings in Hingham Institution for Savings by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 40,107 shares of the savings and loans company’s stock worth $10,196,000 after purchasing an additional 517 shares during the last quarter. American Century Companies Inc. lifted its position in Hingham Institution for Savings by 3.5% during the 4th quarter. American Century Companies Inc. now owns 13,365 shares of the savings and loans company’s stock valued at $3,397,000 after purchasing an additional 453 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Hingham Institution for Savings by 73.9% in the 4th quarter. JPMorgan Chase & Co. now owns 8,980 shares of the savings and loans company’s stock valued at $2,282,000 after purchasing an additional 3,817 shares during the last quarter. Institutional investors own 49.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Hingham Institution for Savings from a “hold” rating to a “sell” rating in a report on Tuesday, April 8th.

Hingham Institution for Savings Stock Up 2.5 %

Shares of Hingham Institution for Savings stock opened at $259.99 on Friday. The business has a fifty day simple moving average of $239.18 and a 200 day simple moving average of $255.59. The stock has a market cap of $558.97 million, a PE ratio of 20.26 and a beta of 0.97. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.63. Hingham Institution for Savings has a 12 month low of $164.00 and a 12 month high of $300.00.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Monday, May 5th will be issued a $0.63 dividend. The ex-dividend date is Monday, May 5th. This represents a $2.52 annualized dividend and a yield of 0.97%. Hingham Institution for Savings’s dividend payout ratio (DPR) is presently 19.47%.

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.