Hingham Institution for Savings (NASDAQ:HIFS) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in Hingham Institution for Savings (NASDAQ:HIFS) by 1.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,590 shares of the savings and loans company’s stock after buying an additional 617 shares during the period. Geode Capital Management LLC owned 1.84% of Hingham Institution for Savings worth $9,635,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Copeland Capital Management LLC purchased a new stake in Hingham Institution for Savings during the 3rd quarter valued at about $61,000. FMR LLC boosted its holdings 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 worth $102,000 after purchasing an additional 89 shares during the last quarter. Wallace Capital Management Inc. purchased a new stake in shares of Hingham Institution for Savings in the third quarter valued at approximately $219,000. Quantbot Technologies LP increased its holdings in shares of Hingham Institution for Savings by 49.1% in the third 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 during the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new position in Hingham Institution for Savings during the third quarter worth approximately $243,000. 49.33% of the stock is currently owned by institutional investors and hedge funds.

Hingham Institution for Savings Stock Performance

NASDAQ HIFS opened at $254.14 on Thursday. 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 stock’s fifty day moving average is $270.72 and its two-hundred day moving average is $242.68. The firm has a market capitalization of $546.40 million, a P/E ratio of 24.07 and a beta of 1.01. Hingham Institution for Savings has a fifty-two week low of $150.11 and a fifty-two week high of $300.00.

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 for the quarter. Hingham Institution for Savings had a net margin of 10.95% and a return on equity of 2.27%. The firm had revenue of $15.21 million for the quarter.

Hingham Institution for Savings Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, January 6th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $2.52 annualized dividend and a dividend yield of 0.99%. Hingham Institution for Savings’s dividend payout ratio (DPR) is 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.