Invesco Ltd. Acquires 361 Shares of Hingham Institution for Savings (NASDAQ:HIFS)

Invesco Ltd. increased its holdings in Hingham Institution for Savings (NASDAQ:HIFS) by 10.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,701 shares of the savings and loans company’s stock after purchasing an additional 361 shares during the period. Invesco Ltd. owned approximately 0.17% of Hingham Institution for Savings worth $941,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in Hingham Institution for Savings by 508.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,163 shares of the savings and loans company’s stock valued at $1,256,000 after buying an additional 4,314 shares during the last quarter. Vanguard Group Inc. increased its position in shares of 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 valued at $26,471,000 after acquiring an additional 3,717 shares during the period. Barclays PLC raised its stake in shares of Hingham Institution for Savings by 477.9% during the third quarter. Barclays PLC now owns 3,063 shares of the savings and loans company’s stock valued at $746,000 after acquiring an additional 2,533 shares during the last quarter. Franklin Resources Inc. purchased a new stake in shares of Hingham Institution for Savings during the fourth quarter worth about $377,000. Finally, RFG Bristol Wealth Advisors LLC purchased a new stake in shares of Hingham Institution for Savings during the fourth quarter worth about $287,000. Institutional investors own 49.33% of the company’s stock.

Hingham Institution for Savings Stock Down 0.5 %

Hingham Institution for Savings stock opened at $248.39 on Friday. The firm has a market cap of $534.04 million, a price-to-earnings ratio of 19.36 and a beta of 0.92. The company has a current ratio of 1.57, a quick 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. The stock has a fifty day simple moving average of $239.65 and a two-hundred day simple moving average of $255.92.

Hingham Institution for Savings (NASDAQ:HIFS) last released its quarterly earnings results on Friday, April 11th. The savings and loans company reported $2.78 EPS for the quarter. Hingham Institution for Savings had a net margin of 12.97% and a return on equity of 2.95%. The firm had revenue of $17.59 million during the quarter.

Hingham Institution for Savings Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Monday, May 5th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend is Monday, May 5th. Hingham Institution for Savings’s dividend payout ratio (DPR) is presently 19.47%.

Analyst Ratings Changes

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

About Hingham Institution for Savings

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.