Bank of New York Mellon Corp Buys 681 Shares of Hingham Institution for Savings (NASDAQ:HIFS)

Bank of New York Mellon Corp increased its stake in shares of Hingham Institution for Savings (NASDAQ:HIFS) by 13.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,732 shares of the savings and loans company’s stock after purchasing an additional 681 shares during the quarter. Bank of New York Mellon Corp owned about 0.27% of Hingham Institution for Savings worth $1,025,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Maren Capital LLC boosted its position in Hingham Institution for Savings by 19.7% in the 1st quarter. Maren Capital LLC now owns 148,217 shares of the savings and loans company’s stock valued at $25,858,000 after buying an additional 24,432 shares during the last quarter. Hennessy Advisors Inc. boosted its holdings in Hingham Institution for Savings by 200.0% in the fourth quarter. Hennessy Advisors Inc. now owns 15,000 shares of the savings and loans company’s stock valued at $2,916,000 after acquiring an additional 10,000 shares during the last quarter. Kennedy Capital Management LLC boosted its holdings in Hingham Institution for Savings by 235.3% in the first quarter. Kennedy Capital Management LLC now owns 11,396 shares of the savings and loans company’s stock valued at $1,988,000 after acquiring an additional 7,997 shares during the last quarter. Quadrature Capital Ltd increased its position in Hingham Institution for Savings by 159.8% in the fourth quarter. Quadrature Capital Ltd now owns 6,423 shares of the savings and loans company’s stock worth $1,243,000 after purchasing an additional 3,951 shares during the period. Finally, Anchor Capital Advisors LLC raised its holdings in Hingham Institution for Savings by 2.6% during the 1st quarter. Anchor Capital Advisors LLC now owns 4,960 shares of the savings and loans company’s stock worth $865,000 after purchasing an additional 124 shares during the last quarter. Institutional investors and hedge funds own 49.33% of the company’s stock.

Hingham Institution for Savings Stock Down 2.4 %

Shares of NASDAQ HIFS opened at $253.60 on Friday. Hingham Institution for Savings has a 1 year low of $147.01 and a 1 year high of $261.00. The firm’s 50-day moving average is $238.75 and its 200-day moving average is $196.11. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 3.95. The firm has a market capitalization of $544.48 million, a PE ratio of 26.98 and a beta of 1.00.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its quarterly earnings data on Friday, July 12th. The savings and loans company reported $1.00 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a net margin of 10.10% and a return on equity of 2.23%. The firm had revenue of $13.10 million for the quarter.

Hingham Institution for Savings Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 7th. Investors of record on Monday, July 29th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Monday, July 29th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.99%. Hingham Institution for Savings’s dividend payout ratio (DPR) is presently 26.81%.

About Hingham Institution for Savings

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.