JPMorgan Chase & Co. Purchases 4,314 Shares of Hingham Institution for Savings (NASDAQ:HIFS)

JPMorgan Chase & Co. increased its stake in Hingham Institution for Savings (NASDAQ:HIFS - Free Report) by 508.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,163 shares of the savings and loans company's stock after buying an additional 4,314 shares during the period. JPMorgan Chase & Co. owned about 0.24% of Hingham Institution for Savings worth $1,256,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Copeland Capital Management LLC bought a new stake in Hingham Institution for Savings during the third quarter valued at $61,000. FMR LLC increased its stake in Hingham Institution for Savings by 27.0% during the third quarter. FMR LLC now owns 419 shares of the savings and loans company's stock valued at $102,000 after purchasing an additional 89 shares during the last quarter. Wallace Capital Management Inc. bought a new stake in Hingham Institution for Savings during the third quarter valued at $219,000. Quantbot Technologies LP boosted its holdings in shares of Hingham Institution for Savings by 49.1% during the third quarter. Quantbot Technologies LP now owns 950 shares of the savings and loans company's stock valued at $231,000 after acquiring an additional 313 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Hingham Institution for Savings during the third quarter valued at $243,000. Institutional investors own 49.33% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Hingham Institution for Savings from a "sell" rating to a "hold" rating in a report on Monday, January 13th.

Hingham Institution for Savings Stock Performance

Shares of HIFS traded up $2.51 during midday trading on Friday, hitting $257.31. 9,032 shares of the stock traded hands, compared to its average volume of 11,672. Hingham Institution for Savings has a 1-year low of $150.11 and a 1-year high of $300.00. The firm has a market capitalization of $553.22 million, a PE ratio of 20.06 and a beta of 1.02. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.57 and a current ratio of 1.57. The business's 50 day moving average price is $262.40 and its two-hundred day moving average price is $250.69.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last issued its quarterly earnings results on Friday, January 17th. The savings and loans company reported $2.16 EPS for the quarter. Hingham Institution for Savings had a net margin of 12.97% and a return on equity of 2.95%.

Hingham Institution for Savings Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, January 6th were issued a $0.63 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.98%. Hingham Institution for Savings's dividend payout ratio is 19.64%.

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.