Anchor Capital Advisors LLC Grows Position in Hingham Institution for Savings (NASDAQ:HIFS)

Anchor Capital Advisors LLC raised its position in shares of Hingham Institution for Savings (NASDAQ:HIFS) by 15.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,836 shares of the savings and loans company’s stock after buying an additional 657 shares during the quarter. Anchor Capital Advisors LLC owned about 0.22% of Hingham Institution for Savings worth $940,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Hingham Institution for Savings in the 3rd quarter valued at approximately $128,000. Bank of New York Mellon Corp lifted its stake in shares of Hingham Institution for Savings by 2.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 9,150 shares of the savings and loans company’s stock valued at $1,709,000 after purchasing an additional 199 shares during the last quarter. Paragon Advisors LLC lifted its stake in shares of 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 purchasing an additional 469 shares during the last quarter. Ancora Advisors LLC lifted its stake in shares of 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 valued at $1,145,000 after purchasing an additional 3,969 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Hingham Institution for Savings in the 3rd quarter valued at approximately $460,000. Hedge funds and other institutional investors own 49.33% of the company’s stock.

Hingham Institution for Savings Price Performance

Shares of HIFS stock opened at $168.90 on Wednesday. Hingham Institution for Savings has a 52-week low of $147.01 and a 52-week high of $230.77. 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 capitalization of $363.14 million, a P/E ratio of 14.97 and a beta of 1.02. The stock has a 50 day moving average price of $168.62 and a 200 day moving average price of $173.23.

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

Hingham Institution for Savings Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Monday, May 6th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Friday, May 3rd. Hingham Institution for Savings’s dividend payout ratio (DPR) is presently 22.34%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Hingham Institution for Savings to a “sell” rating in a research note on Wednesday, April 17th.

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.