UBS Group AG Reduces Stock Position in Hingham Institution for Savings $HIFS

UBS Group AG lowered its stake in Hingham Institution for Savings (NASDAQ:HIFS) by 17.9% during the 4th quarter, HoldingsChannel reports. The firm owned 57,489 shares of the savings and loans company’s stock after selling 12,509 shares during the period. UBS Group AG’s holdings in Hingham Institution for Savings were worth $16,325,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RFG Bristol Wealth Advisors LLC grew its position in shares of Hingham Institution for Savings by 126.5% during the 4th quarter. RFG Bristol Wealth Advisors LLC now owns 2,562 shares of the savings and loans company’s stock valued at $728,000 after acquiring an additional 1,431 shares during the period. Flagship Harbor Advisors LLC bought a new stake in shares of Hingham Institution for Savings during the 4th quarter valued at $102,000. SG Americas Securities LLC grew its position in shares of Hingham Institution for Savings by 23.0% during the 4th quarter. SG Americas Securities LLC now owns 1,742 shares of the savings and loans company’s stock valued at $495,000 after acquiring an additional 326 shares during the period. JPMorgan Chase & Co. grew its position in shares of Hingham Institution for Savings by 100.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,727 shares of the savings and loans company’s stock valued at $719,000 after acquiring an additional 1,369 shares during the period. Finally, Liontrust Investment Partners LLP bought a new stake in shares of Hingham Institution for Savings during the 3rd quarter valued at $2,009,000. Hedge funds and other institutional investors own 49.33% of the company’s stock.

Hingham Institution for Savings Trading Down 1.5%

Shares of HIFS stock opened at $267.10 on Wednesday. The company has a debt-to-equity ratio of 3.31, a current ratio of 1.57 and a quick ratio of 1.57. Hingham Institution for Savings has a 1 year low of $220.76 and a 1 year high of $337.99. The firm has a fifty day moving average price of $283.62 and a 200-day moving average price of $290.58. The company has a market cap of $582.28 million, a price-to-earnings ratio of 11.71 and a beta of 0.85.

Hingham Institution for Savings (NASDAQ:HIFS) last released its earnings results on Friday, April 17th. The savings and loans company reported $4.79 earnings per share for the quarter. Hingham Institution for Savings had a net margin of 21.17% and a return on equity of 8.06%. The company had revenue of $22.43 million for the quarter.

Hingham Institution for Savings Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 13th. Investors of record on Monday, May 4th will be paid a dividend of $0.63 per share. The ex-dividend date is Monday, May 4th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.9%. Hingham Institution for Savings’s payout ratio is 11.05%.

Analysts Set New Price Targets

HIFS has been the subject of a number of recent research reports. Weiss Ratings raised shares of Hingham Institution for Savings from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd. Wall Street Zen downgraded shares of Hingham Institution for Savings from a “hold” rating to a “sell” rating in a research report on Saturday. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Hingham Institution for Savings currently has an average rating of “Buy”.

Hingham Institution for Savings Company Profile

Hingham Institution for Savings is a mutual savings bank headquartered in Hingham, Massachusetts. Founded in 1834, the bank combines the community-oriented focus of a mutual institution with the transparency and oversight associated with a publicly traded company under the NASDAQ ticker HIFS.

The institution’s core activities include deposit and lending services tailored to individuals and businesses. Deposit offerings encompass checking and savings accounts, money market accounts, certificates of deposit and individual retirement accounts, supported by online and mobile banking platforms.