Franklin Resources Inc. Acquires New Shares in Hingham Institution for Savings (NASDAQ:HIFS)

Franklin Resources Inc. bought a new position in shares of Hingham Institution for Savings (NASDAQ:HIFS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,485 shares of the savings and loans company’s stock, valued at approximately $377,000. Franklin Resources Inc. owned about 0.07% of Hingham Institution for Savings at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. FMR LLC raised its stake in shares of Hingham Institution for Savings by 27.0% in the 3rd quarter. FMR LLC now owns 419 shares of the savings and loans company’s stock valued at $102,000 after acquiring an additional 89 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of Hingham Institution for Savings in the fourth quarter valued at approximately $204,000. SG Americas Securities LLC raised its position in shares of Hingham Institution for Savings by 19.8% in the fourth quarter. SG Americas Securities LLC now owns 1,223 shares of the savings and loans company’s stock valued at $311,000 after purchasing an additional 202 shares during the period. Quantbot Technologies LP lifted its stake in shares of Hingham Institution for Savings by 40.1% in the fourth quarter. Quantbot Technologies LP now owns 1,331 shares of the savings and loans company’s stock worth $338,000 after buying an additional 381 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Hingham Institution for Savings by 477.9% during the 3rd quarter. Barclays PLC now owns 3,063 shares of the savings and loans company’s stock worth $746,000 after buying an additional 2,533 shares during the period. 49.33% of the stock is currently owned by institutional investors.

Hingham Institution for Savings Price Performance

NASDAQ HIFS opened at $240.41 on Friday. The stock has a 50-day simple moving average of $244.30 and a 200 day simple moving average of $255.30. Hingham Institution for Savings has a twelve month low of $163.50 and a twelve month high of $300.00. The stock has a market capitalization of $516.88 million, a PE ratio of 18.74 and a beta of 0.92. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.57 and a current ratio of 1.57.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its quarterly earnings results on Friday, April 11th. The savings and loans company reported $2.78 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. Shareholders of record on Monday, May 5th will be given a $0.63 dividend. The ex-dividend date is Monday, May 5th. This represents a $2.52 annualized dividend and a yield of 1.05%. Hingham Institution for Savings’s dividend payout ratio is 19.47%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded 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 Company 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.