Wells Fargo & Company MN boosted its position in Hingham Institution for Savings (NASDAQ:HIFS) by 3.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 929 shares of the savings and loans company’s stock after purchasing an additional 29 shares during the period. Wells Fargo & Company MN’s holdings in Hingham Institution for Savings were worth $169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HIFS. Capital Analysts LLC bought a new stake in shares of Hingham Institution for Savings during the second quarter valued at approximately $203,000. Rhumbline Advisers bought a new stake in shares of Hingham Institution for Savings during the second quarter valued at approximately $258,000. Archon Partners LLC raised its stake in shares of Hingham Institution for Savings by 124.3% during the second quarter. Archon Partners LLC now owns 3,703 shares of the savings and loans company’s stock valued at $674,000 after acquiring an additional 2,052 shares in the last quarter. Finally, Federated Investors Inc. PA raised its stake in shares of Hingham Institution for Savings by 38.9% during the second quarter. Federated Investors Inc. PA now owns 3,902 shares of the savings and loans company’s stock valued at $710,000 after acquiring an additional 1,092 shares in the last quarter. 26.21% of the stock is owned by institutional investors and hedge funds.

Shares of Hingham Institution for Savings (NASDAQ:HIFS) opened at $207.00 on Friday. Hingham Institution for Savings has a 12 month low of $148.02 and a 12 month high of $210.75. The firm has a market cap of $435.94, a P/E ratio of 17.71 and a beta of 0.77.

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 for the quarter.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Friday, January 5th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Thursday, January 4th. Hingham Institution for Savings’s dividend payout ratio is presently 11.63%.

ILLEGAL ACTIVITY NOTICE: This article was originally published by Watch List News and is the property of of Watch List News. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://www.watchlistnews.com/wells-fargo-company-mn-has-169000-holdings-in-hingham-institution-for-savings-hifs/1723145.html.

About Hingham Institution for Savings

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.

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

Receive News & Ratings for Hingham Institution for Savings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hingham Institution for Savings and related companies with Analyst Ratings Network's FREE daily email newsletter.