International Assets Investment Management LLC Grows Stake in Hingham Institution for Savings (NASDAQ:HIFS)

International Assets Investment Management LLC lifted its stake in Hingham Institution for Savings (NASDAQ:HIFS - Free Report) by 24,231.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 437,958 shares of the savings and loans company's stock after buying an additional 436,158 shares during the period. International Assets Investment Management LLC owned approximately 20.40% of Hingham Institution for Savings worth $1,065,600,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Copeland Capital Management LLC bought a new stake in Hingham Institution for Savings during the 3rd quarter valued at $61,000. Creative Planning increased its position in shares of Hingham Institution for Savings by 26.3% in the third quarter. Creative Planning now owns 1,914 shares of the savings and loans company's stock valued at $466,000 after acquiring an additional 399 shares during the period. SG Americas Securities LLC purchased a new position in shares of Hingham Institution for Savings in the third quarter valued at about $248,000. Doma Perpetual Capital Management LLC raised its stake in shares of Hingham Institution for Savings by 120.9% during the second quarter. Doma Perpetual Capital Management LLC now owns 85,568 shares of the savings and loans company's stock valued at $15,306,000 after acquiring an additional 46,834 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Hingham Institution for Savings by 1.1% during the second quarter. AQR Capital Management LLC now owns 4,719 shares of the savings and loans company's stock worth $844,000 after purchasing an additional 51 shares during the period. Institutional investors own 49.33% of the company's stock.

Hingham Institution for Savings Trading Down 0.9 %

NASDAQ:HIFS traded down $2.44 during mid-day trading on Thursday, reaching $260.80. 7,527 shares of the company's stock traded hands, compared to its average volume of 15,915. The company has a 50 day moving average price of $247.22 and a 200-day moving average price of $208.55. The firm has a market capitalization of $559.94 million, a price-to-earnings ratio of 27.74 and a beta of 1.00. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.62 and a quick ratio of 1.62. Hingham Institution for Savings has a 12-month low of $147.01 and a 12-month high of $271.08.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last posted its earnings results on Friday, October 11th. The savings and loans company reported $1.44 earnings per share (EPS) for the quarter. The firm had revenue of $15.21 million for the quarter. Hingham Institution for Savings had a return on equity of 2.23% and a net margin of 10.10%.

Hingham Institution for Savings Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Monday, November 4th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.52 annualized dividend and a yield of 0.97%. Hingham Institution for Savings's dividend payout ratio (DPR) is presently 26.81%.

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.