Geode Capital Management LLC Acquires 517 Shares of Hingham Institution for Savings (NASDAQ:HIFS)

Geode Capital Management LLC lifted its holdings in shares of Hingham Institution for Savings (NASDAQ:HIFS) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,107 shares of the savings and loans company’s stock after purchasing an additional 517 shares during the period. Geode Capital Management LLC owned 1.87% of Hingham Institution for Savings worth $10,196,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. acquired a new position in Hingham Institution for Savings in the fourth quarter valued at approximately $377,000. JPMorgan Chase & Co. increased 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 acquiring an additional 3,817 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Hingham Institution for Savings by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 104,161 shares of the savings and loans company’s stock valued at $26,471,000 after acquiring an additional 3,717 shares during the period. American Century Companies Inc. boosted its stake in Hingham Institution for Savings by 3.5% during the fourth quarter. American Century Companies Inc. now owns 13,365 shares of the savings and loans company’s stock worth $3,397,000 after acquiring an additional 453 shares in the last quarter. Finally, Quantbot Technologies LP grew its holdings in 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 purchasing an additional 381 shares during the period. Institutional investors own 49.33% of the company’s stock.

Hingham Institution for Savings Stock Up 5.6 %

Shares of NASDAQ:HIFS opened at $246.00 on Wednesday. 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 has a 52-week low of $164.00 and a 52-week high of $300.00. The business’s 50 day simple moving average is $242.18 and its two-hundred day simple moving average is $255.63. The firm has a market cap of $528.90 million, a P/E ratio of 19.17 and a beta of 0.92.

Hingham Institution for Savings (NASDAQ:HIFS) last issued 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 for 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Stockholders of record on Monday, May 5th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Monday, May 5th. Hingham Institution for Savings’s payout ratio is presently 19.47%.

Analyst Ratings Changes

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 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.