Bank of New York Mellon Corp reduced its stake in Hingham Institution for Savings (NASDAQ:HIFS) by 13.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,697 shares of the savings and loans company’s stock after selling 1,240 shares during the period. Bank of New York Mellon Corp’s holdings in Hingham Institution for Savings were worth $1,464,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Nationwide Fund Advisors increased its stake in Hingham Institution for Savings by 700.5% in the third quarter. Nationwide Fund Advisors now owns 6,004 shares of the savings and loans company’s stock valued at $1,142,000 after purchasing an additional 5,254 shares in the last quarter. Colony Group LLC increased its stake in Hingham Institution for Savings by 153.8% in the second quarter. Colony Group LLC now owns 3,300 shares of the savings and loans company’s stock valued at $600,000 after purchasing an additional 2,000 shares in the last quarter. Grandeur Peak Global Advisors LLC increased its stake in Hingham Institution for Savings by 2.7% in the second quarter. Grandeur Peak Global Advisors LLC now owns 34,715 shares of the savings and loans company’s stock valued at $6,316,000 after purchasing an additional 925 shares in the last quarter. Moors & Cabot Inc. bought a new stake in Hingham Institution for Savings in the second quarter valued at $258,000. Finally, State Street Corp increased its stake in Hingham Institution for Savings by 8.8% in the second quarter. State Street Corp now owns 22,002 shares of the savings and loans company’s stock valued at $4,003,000 after purchasing an additional 1,783 shares in the last quarter. 27.22% of the stock is owned by hedge funds and other institutional investors.

Shares of Hingham Institution for Savings (NASDAQ HIFS) opened at $199.90 on Thursday. Hingham Institution for Savings has a 52 week low of $148.02 and a 52 week high of $242.00. The firm has a market cap of $424.57, a price-to-earnings ratio of 17.10 and a beta of 0.81.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its quarterly earnings results on Thursday, October 12th. The savings and loans company reported $2.97 earnings per share for the quarter. The company had revenue of $16.41 million during the quarter.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, January 5th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Thursday, January 4th. Hingham Institution for Savings’s dividend payout ratio (DPR) is currently 11.63%.

Several equities research analysts have weighed in on the stock. BidaskClub downgraded shares of Hingham Institution for Savings from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. ValuEngine raised shares of Hingham Institution for Savings from a “hold” rating to a “buy” rating in a research note on Thursday, November 30th.

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Hingham Institution for Savings Company Profile

Hingham Institution for Savings (the Bank) is a Massachusetts-chartered savings bank (the Bank). The Bank is principally engaged in the business of residential and commercial real estate mortgage lending, funded by a retail deposit network and borrowings. The Bank provides a range of financial services to individuals and small businesses through its approximately 10 offices in Boston and southeastern Massachusetts.

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Institutional Ownership by Quarter for Hingham Institution for Savings (NASDAQ:HIFS)

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