2 days Ago By ABMN Staff
Russell Investments Group Ltd. reduced its holdings in Hingham Institution for Savings ( NASDAQ:HIFS – Free Report ) by 25.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 13,850 shares of the savings and loans company’s stock after selling 4,819 shares during the period. Russell Investments Group Ltd.’s holdings in Hingham Institution for Savings were worth $3,520,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of HIFS. Wells Fargo & Company MN increased its holdings in shares of Hingham Institution for Savings by 22.5% during the 4th quarter.
Wells Fargo & Company MN now owns 1,025 shares of the savings and loans company’s stock valued at $261,000 after acquiring an additional 188 shares during the last quarter. RFG Bristol Wealth Advisors LLC acquired a new position in Hingham Institution for Savings during the fourth quarter valued at approximately $287,000. Geode Capital Management LLC raised its position in shares of Hingham Institution for Savings by 1.
3% in the fourth quarter. Geode Capital Management LLC now owns 40,107 shares of the savings and loans company’s stock valued at $10,196,000 after purchasing an additional 517 shares during the period. Franklin Resources Inc.
acquired a new stake in shares of Hingham Institution for Savings in the fourth quarter worth $377,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Hingham Institution for Savings by 73.
9% in the fourth quarter. JPMorgan Chase & Co. now owns 8,980 shares of the savings and loans company’s stock worth $2,282,000 after buying an additional 3,817 shares during the last quarter.
49.33% of the stock is currently owned by institutional investors and hedge funds. Analyst Ratings Changes Separately, StockNews.
com lowered Hingham Institution for Savings from a “hold” rating to a “sell” rating in a report on Tuesday, April 8th. Hingham Institution for Savings Price Performance NASDAQ:HIFS opened at $237.29 on Thursday.
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 company has a 50-day moving average of $244.79 and a 200-day moving average of $255.
32. Hingham Institution for Savings has a 52 week low of $163.50 and a 52 week high of $300.
00. The company has a market capitalization of $510.17 million, a price-to-earnings ratio of 18.
49 and a beta of 0.92. Hingham Institution for Savings ( NASDAQ:HIFS – Get Free Report ) last released its quarterly earnings results on Friday, April 11th.
The savings and loans company reported $2.78 EPS for the quarter. The firm had revenue of $17.
59 million 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 will be paid on Wednesday, May 14th. Shareholders of record on Monday, May 5th will be given a dividend of $0.
63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.
06%. The ex-dividend date is Monday, May 5th. Hingham Institution for Savings’s payout ratio is 19.
47%. Hingham Institution for Savings Company Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding HIFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hingham Institution for Savings ( NASDAQ:HIFS – Free Report ).
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