American Research & Management Co. Increases Stock Holdings in Hingham Institution for Savings (NASDAQ:HIFS)


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American Research & Management Co. boosted its stake in Hingham Institution for Savings (NASDAQ:HIFS) by 1.3% during the first quarter, Holdings Channel.com reports. The fund owned 9,117 shares of the savings and loans company’s stock after purchasing an additional 120 shares during the quarter. American Research & Management Co.’s holdings in Hingham Institution for Savings were worth $2,587,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of HIFS. Epoch Investment Partners Inc. raised its position in shares of Hingham Institution for Savings by 118.4% during the 4th quarter. Epoch Investment Partners Inc. now owns 37,748 shares of the savings and loans company’s stock worth $8,154,000 after purchasing an additional 20,462 shares during the last quarter. BlackRock Inc. lifted its position in shares of Hingham Institution for Savings by 3.8% in the fourth quarter. BlackRock Inc. now owns 105,901 shares of the savings and loans company’s stock valued at $22,874,000 after acquiring an additional 3,880 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Hingham Institution for Savings by 246.2% in the fourth quarter. JPMorgan Chase & Co. now owns 4,154 shares of the savings and loans company’s stock worth $897,000 after acquiring an additional 2,954 shares during the last quarter. Permanens Capital L.P. increased its position in shares of Hingham Institution for Savings by 65.7% during the fourth quarter. Permanens Capital L.P. now owns 3,027 shares of the savings and loans company’s stock worth $654,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Hingham Institution for Savings by 27.9% during the fourth quarter. Janney Montgomery Scott LLC now owns 4,625 shares of the savings and loans company’s stock worth $999,000 after purchasing an additional 1,010 shares in the last quarter. 34.94% of the stock is currently owned by institutional investors and hedge funds.

HIFS stock traded down $0.74 during midday trading on Thursday, reaching $288.38. The stock had a trading volume of 1,682 shares, compared to its average volume of 4,984. Hingham Institution for Savings has a 52-week low of $135.04 and a 52-week high of $296.97. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.43. The company’s fifty day simple moving average is $270.58 and its 200 day simple moving average is $229.68. The company has a market cap of $615.11 million, a price-to-earnings ratio of 13.96 and a beta of 0.86.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its earnings results on Tuesday, January 19th. The savings and loans company reported $5.84 EPS for the quarter. The business had revenue of $29.00 million during the quarter. Hingham Institution for Savings had a net margin of 39.65% and a return on equity of 15.65%.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 21st. Stockholders of record on Monday, April 12th will be issued a dividend of $0.49 per share. The ex-dividend date is Friday, April 9th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.68%.

Hingham Institution for Savings Company Profile

Hingham Institution for Savings provides community banking services. It engages in the business of commercial and residential real estate mortgage lending, funded by retail deposits, wholesale deposits and borrowings. The company was founded in 1834 and is headquartered in Hingham, MA.

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Institutional Ownership by Quarter for Hingham Institution for Savings (NASDAQ:HIFS)

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