Hingham Institution for Savings (NASDAQ:HIFS) Position Decreased by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its stake in Hingham Institution for Savings (NASDAQ:HIFS) by 1.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,479 shares of the savings and loans company’s stock after selling 89 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.21% of Hingham Institution for Savings worth $1,138,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC lifted its stake in Hingham Institution for Savings by 19.8% in the fourth quarter. SG Americas Securities LLC now owns 1,223 shares of the savings and loans company’s stock valued at $311,000 after acquiring an additional 202 shares during the last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of Hingham Institution for Savings during the fourth quarter valued at approximately $204,000. JPMorgan Chase & Co. raised its stake in shares of Hingham Institution for Savings by 508.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,163 shares of the savings and loans company’s stock valued at $1,256,000 after buying an additional 4,314 shares in the last quarter. Barclays PLC raised its position in Hingham Institution for Savings by 477.9% in the third quarter. Barclays PLC now owns 3,063 shares of the savings and loans company’s stock worth $746,000 after purchasing an additional 2,533 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Hingham Institution for Savings by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 39,590 shares of the savings and loans company’s stock worth $9,635,000 after buying an additional 617 shares during the period. Institutional investors and hedge funds own 49.33% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Hingham Institution for Savings from a “sell” rating to a “hold” rating in a report on Saturday, February 22nd.

Hingham Institution for Savings Trading Up 2.1 %

Shares of NASDAQ HIFS opened at $239.60 on Tuesday. Hingham Institution for Savings has a twelve month low of $160.00 and a twelve month high of $300.00. The stock has a market cap of $515.14 million, a price-to-earnings ratio of 18.67 and a beta of 0.99. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.63. The company’s fifty day moving average is $252.72 and its 200-day moving average is $257.14.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its earnings results on Friday, January 17th. The savings and loans company reported $2.16 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a return on equity of 2.95% and a net margin of 12.97%.

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.