SG Americas Securities LLC Invests $248,000 in Hingham Institution for Savings (NASDAQ:HIFS)

SG Americas Securities LLC purchased a new position in shares of Hingham Institution for Savings (NASDAQ:HIFS) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,021 shares of the savings and loans company’s stock, valued at approximately $248,000.

Other institutional investors and hedge funds have also modified their holdings of the company. First National Bank Sioux Falls bought a new stake in shares of Hingham Institution for Savings during the 1st quarter valued at $215,000. Price T Rowe Associates Inc. MD raised its position in shares of Hingham Institution for Savings by 8.5% during the 1st 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 purchasing an additional 101 shares during the period. Rhumbline Advisers raised its position in shares of Hingham Institution for Savings by 4.0% during the 2nd quarter. Rhumbline Advisers now owns 2,350 shares of the savings and loans company’s stock valued at $420,000 after purchasing an additional 90 shares during the period. AQR Capital Management LLC raised its position in shares of Hingham Institution for Savings by 1.1% during the 2nd quarter. AQR Capital Management LLC now owns 4,719 shares of the savings and loans company’s stock valued at $844,000 after purchasing an additional 51 shares during the period. Finally, Anchor Capital Advisors LLC raised its position in shares of 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 valued at $865,000 after purchasing an additional 124 shares during the period. Hedge funds and other institutional investors own 49.33% of the company’s stock.

Hingham Institution for Savings Stock Down 1.9 %

Shares of HIFS stock opened at $256.25 on Tuesday. The company has a market capitalization of $550.17 million, a price-to-earnings ratio of 27.26 and a beta of 1.00. Hingham Institution for Savings has a one year low of $147.01 and a one year high of $271.08. The company’s fifty day moving average price is $245.69 and its 200-day moving average price is $207.47. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.62 and a quick ratio of 1.62.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its quarterly earnings results on Friday, October 11th. The savings and loans company reported $1.44 earnings per share (EPS) for the quarter. The company had revenue of $15.21 million for the quarter. Hingham Institution for Savings had a net margin of 10.10% and a return on equity of 2.23%.

Hingham Institution for Savings Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Monday, November 4th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.52 dividend on an annualized basis and a yield of 0.98%. Hingham Institution for Savings’s dividend payout ratio is currently 26.81%.

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.