Bank of America Corp DE Grows Stock Position in Hingham Institution for Savings (NASDAQ:HIFS)

Bank of America Corp DE boosted its holdings in Hingham Institution for Savings (NASDAQ:HIFS) by 24.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,225 shares of the savings and loans company’s stock after acquiring an additional 633 shares during the period. Bank of America Corp DE owned 0.15% of Hingham Institution for Savings worth $820,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC raised its holdings in Hingham Institution for Savings by 21.8% in the 4th quarter. Aptus Capital Advisors LLC now owns 17,474 shares of the savings and loans company’s stock valued at $4,441,000 after buying an additional 3,127 shares during the period. Northern Trust Corp raised its stake in shares of Hingham Institution for Savings by 3.0% in the 4th quarter. Northern Trust Corp now owns 14,291 shares of the savings and loans company’s stock valued at $3,632,000 after acquiring an additional 422 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Hingham Institution for Savings by 941.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 479 shares of the savings and loans company’s stock worth $122,000 after acquiring an additional 433 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of Hingham Institution for Savings by 10.9% during the 4th quarter. MetLife Investment Management LLC now owns 935 shares of the savings and loans company’s stock worth $238,000 after purchasing an additional 92 shares during the period. Finally, Barclays PLC boosted its position in shares of Hingham Institution for Savings by 11.6% during the 4th quarter. Barclays PLC now owns 3,418 shares of the savings and loans company’s stock worth $868,000 after purchasing an additional 355 shares during the period. 49.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Hingham Institution for Savings from a “hold” rating to a “sell” rating in a research report on Tuesday, April 8th.

Hingham Institution for Savings Price Performance

HIFS stock opened at $229.91 on Monday. The business’s fifty day moving average price is $244.45 and its 200 day moving average price is $252.53. Hingham Institution for Savings has a 12-month low of $164.00 and a 12-month high of $300.00. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.63. The company has a market capitalization of $494.31 million, a PE ratio of 17.92 and a beta of 0.93.

Hingham Institution for Savings (NASDAQ:HIFS) last released its earnings results on Friday, April 11th. The savings and loans company reported $2.78 earnings per share 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 14th. Investors of record on Monday, May 5th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Monday, May 5th. Hingham Institution for Savings’s dividend payout ratio (DPR) is currently 19.47%.

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.