Hingham Institution for Savings (NASDAQ:HIFS) Shares Sold by Royce & Associates LP

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

Other hedge funds and other institutional investors also recently modified their holdings of the company. Copeland Capital Management LLC acquired a new position in shares of Hingham Institution for Savings during the third quarter valued at $61,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Hingham Institution for Savings by 8.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,286 shares of the savings and loans company’s stock valued at $225,000 after acquiring an additional 101 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of Hingham Institution for Savings during the third quarter valued at $243,000. SG Americas Securities LLC acquired a new stake in Hingham Institution for Savings in the third quarter worth about $248,000. Finally, Rhumbline Advisers lifted its holdings in Hingham Institution for Savings by 4.0% in the second quarter. Rhumbline Advisers now owns 2,350 shares of the savings and loans company’s stock worth $420,000 after purchasing an additional 90 shares during the period. Institutional investors and hedge funds own 49.33% of the company’s stock.

Hingham Institution for Savings Stock Performance

HIFS stock opened at $273.93 on Friday. The company has a market capitalization of $588.95 million, a P/E ratio of 26.38 and a beta of 0.99. The company has a 50-day simple moving average of $254.16 and a 200 day simple moving average of $219.59. Hingham Institution for Savings has a fifty-two week low of $150.11 and a fifty-two week high of $300.00. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 3.95.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its quarterly earnings data 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 during 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Monday, November 4th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.92%. The ex-dividend date was Monday, November 4th. 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.