JPMorgan Chase & Co. Buys 4,314 Shares of Hingham Institution for Savings (NASDAQ:HIFS)

JPMorgan Chase & Co. raised its stake in Hingham Institution for Savings (NASDAQ:HIFS) by 508.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,163 shares of the savings and loans company’s stock after buying an additional 4,314 shares during the period. JPMorgan Chase & Co. owned about 0.24% of Hingham Institution for Savings worth $1,256,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Barclays PLC grew 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 acquiring an additional 2,533 shares in the last quarter. Geode Capital Management LLC lifted its stake in Hingham Institution for Savings by 1.6% during the third quarter. Geode Capital Management LLC now owns 39,590 shares of the savings and loans company’s stock worth $9,635,000 after purchasing an additional 617 shares during the last quarter. Wallace Capital Management Inc. purchased a new position in shares of Hingham Institution for Savings in the 3rd quarter worth about $219,000. State Street Corp increased its position in shares of Hingham Institution for Savings by 40.1% during the 3rd quarter. State Street Corp now owns 52,434 shares of the savings and loans company’s stock valued at $12,758,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Maren Capital LLC raised its holdings in shares of Hingham Institution for Savings by 4.1% during the 3rd quarter. Maren Capital LLC now owns 162,887 shares of the savings and loans company’s stock valued at $39,632,000 after buying an additional 6,416 shares in the last quarter. Hedge funds and other institutional investors own 49.33% of the company’s stock.

Hingham Institution for Savings Price Performance

Shares of Hingham Institution for Savings stock opened at $257.31 on Friday. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.57 and a current ratio of 1.57. Hingham Institution for Savings has a 52-week low of $150.11 and a 52-week high of $300.00. The company has a fifty day moving average of $262.73 and a 200-day moving average of $250.17. The stock has a market capitalization of $553.22 million, a price-to-earnings ratio of 20.06 and a beta of 1.02.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its quarterly 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 net margin of 12.97% and a return on equity of 2.95%.

Hingham Institution for Savings Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, January 6th were paid a $0.63 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.52 dividend on an annualized basis and a yield of 0.98%. Hingham Institution for Savings’s dividend payout ratio (DPR) is currently 19.64%.

Analysts Set New Price Targets

Separately, StockNews.com raised Hingham Institution for Savings from a “sell” rating to a “hold” rating in a research note on Monday, January 13th.

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.