Royce & Associates LP Reduces Position in Hingham Institution for Savings (NASDAQ:HIFS)

Royce & Associates LP lowered its position in Hingham Institution for Savings (NASDAQ:HIFS - Free Report) by 21.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 104,518 shares of the savings and loans company's stock after selling 29,214 shares during the period. Royce & Associates LP owned 4.87% of Hingham Institution for Savings worth $25,430,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. acquired a new position in Hingham Institution for Savings during the 3rd quarter valued at about $243,000. Aptus Capital Advisors LLC boosted its position in shares of Hingham Institution for Savings by 15.1% during the third quarter. Aptus Capital Advisors LLC now owns 14,347 shares of the savings and loans company's stock valued at $3,491,000 after buying an additional 1,886 shares during the last quarter. GSA Capital Partners LLP grew its holdings in Hingham Institution for Savings by 23.7% during the third quarter. GSA Capital Partners LLP now owns 3,263 shares of the savings and loans company's stock worth $794,000 after buying an additional 625 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Hingham Institution for Savings by 24,231.0% during the third quarter. International Assets Investment Management LLC now owns 437,958 shares of the savings and loans company's stock worth $1,065,600,000 after buying an additional 436,158 shares in the last quarter. Finally, Copeland Capital Management LLC purchased a new stake in Hingham Institution for Savings in the 3rd quarter valued at $61,000. Institutional investors and hedge funds own 49.33% of the company's stock.

Hingham Institution for Savings Stock Down 1.6 %

HIFS traded down $4.35 during mid-day trading on Friday, reaching $273.93. 13,190 shares of the stock were exchanged, compared to its average volume of 15,847. The company has a 50 day moving average price of $254.77 and a two-hundred day moving average price of $220.27. The stock has a market capitalization of $588.95 million, a PE ratio of 25.94 and a beta of 0.99. The company has a debt-to-equity ratio of 3.95, a quick ratio of 1.62 and a current ratio of 1.62. Hingham Institution for Savings has a 1 year low of $150.11 and a 1 year high of $300.00.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last released its quarterly earnings results on Friday, October 11th. The savings and loans company reported $1.44 earnings per share for the quarter. The business had revenue of $15.21 million for the quarter. Hingham Institution for Savings had a net margin of 10.95% and a return on equity of 2.28%.

Hingham Institution for Savings Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Monday, November 4th were paid a $0.63 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.52 dividend on an annualized basis and a yield of 0.92%. Hingham Institution for Savings's dividend payout ratio (DPR) is presently 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.