Wade G W & Inc. Increases Holdings in Hingham Institution for Savings (NASDAQ:HIFS)

Wade G W & Inc. grew its stake in shares of Hingham Institution for Savings (NASDAQ:HIFS) by 6.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,364 shares of the savings and loans company’s stock after purchasing an additional 536 shares during the quarter. Wade G W & Inc.’s holdings in Hingham Institution for Savings were worth $1,820,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of HIFS. SG Americas Securities LLC bought a new stake in shares of Hingham Institution for Savings in the 3rd quarter worth about $128,000. Bank of New York Mellon Corp lifted its stake in Hingham Institution for Savings by 2.2% in the third quarter. Bank of New York Mellon Corp now owns 9,150 shares of the savings and loans company’s stock worth $1,709,000 after purchasing an additional 199 shares during the last quarter. Paragon Advisors LLC grew its position in Hingham Institution for Savings by 14.7% in the 3rd quarter. Paragon Advisors LLC now owns 3,659 shares of the savings and loans company’s stock valued at $683,000 after acquiring an additional 469 shares during the last quarter. Anchor Capital Advisors LLC lifted its position in shares of Hingham Institution for Savings by 19.7% during the third quarter. Anchor Capital Advisors LLC now owns 4,179 shares of the savings and loans company’s stock worth $780,000 after purchasing an additional 689 shares during the last quarter. Finally, Ancora Advisors LLC increased its stake in Hingham Institution for Savings by 183.5% in the 3rd quarter. Ancora Advisors LLC now owns 6,132 shares of the savings and loans company’s stock worth $1,145,000 after buying an additional 3,969 shares during the period. Hedge funds and other institutional investors own 49.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Hingham Institution for Savings to a “sell” rating in a research report on Saturday, May 4th.

Hingham Institution for Savings Stock Down 0.7 %

Hingham Institution for Savings stock traded down $1.27 during mid-day trading on Thursday, reaching $186.29. 3,432 shares of the company were exchanged, compared to its average volume of 15,160. The company has a debt-to-equity ratio of 4.15, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market cap of $400.52 million, a P/E ratio of 16.52 and a beta of 1.00. Hingham Institution for Savings has a 12-month low of $147.01 and a 12-month high of $230.77. The business has a fifty day moving average of $171.81 and a 200 day moving average of $175.08.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its quarterly earnings results on Friday, April 12th. The savings and loans company reported $1.01 earnings per share for the quarter. Hingham Institution for Savings had a return on equity of 2.73% and a net margin of 12.38%. The company had revenue of $15.33 million during the quarter.

Hingham Institution for Savings Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Monday, May 6th were issued a $0.63 dividend. The ex-dividend date was Friday, May 3rd. This represents a $2.52 dividend on an annualized basis and a yield of 1.35%. Hingham Institution for Savings’s payout ratio is 22.34%.

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.