Hingham Institution for Savings (NASDAQ:HIFS) Shares Purchased by State Street Corp

State Street Corp increased its holdings in shares of Hingham Institution for Savings (NASDAQ:HIFS - Free Report) by 40.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,434 shares of the savings and loans company's stock after purchasing an additional 15,000 shares during the quarter. State Street Corp owned approximately 2.44% of Hingham Institution for Savings worth $12,758,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in HIFS. Copeland Capital Management LLC acquired a new position in Hingham Institution for Savings during the third quarter worth approximately $61,000. FMR LLC increased its position 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 worth $102,000 after buying an additional 89 shares during the period. Quantbot Technologies LP increased its position in 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 worth $231,000 after buying an additional 313 shares during the period. Oppenheimer & Co. Inc. acquired a new position in Hingham Institution for Savings during the third quarter worth approximately $243,000. Finally, SG Americas Securities LLC acquired a new position in shares of Hingham Institution for Savings in the third quarter valued at approximately $248,000. Hedge funds and other institutional investors own 49.33% of the company's stock.

Hingham Institution for Savings Stock Performance

NASDAQ:HIFS traded up $0.53 during midday trading on Thursday, reaching $257.09. The stock had a trading volume of 3,274 shares, compared to its average volume of 15,176. The firm has a fifty day simple moving average of $271.52 and a two-hundred day simple moving average of $239.68. Hingham Institution for Savings has a 12-month low of $150.11 and a 12-month high of $300.00. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.63. The stock has a market cap of $551.97 million, a P/E ratio of 24.35 and a beta of 1.01.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last posted its quarterly earnings data on Friday, October 11th. The savings and loans company reported $1.44 earnings per share for the quarter. Hingham Institution for Savings had a net margin of 10.95% and a return on equity of 2.27%. The firm had revenue of $15.21 million for the quarter.

Hingham Institution for Savings Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, January 6th will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $2.52 annualized dividend and a dividend yield of 0.98%. Hingham Institution for Savings's payout ratio is currently 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.