Swiss National Bank Lowers Holdings in Hingham Institution for Savings (NASDAQ:HIFS) (2024)

Swiss National Bank cut its position in Hingham Institution for Savings (NASDAQ:HIFS – Free Report) by 14.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,000 shares of the savings and loans company’s stock after selling 500 shares during the quarter. Swiss National Bank’s holdings in Hingham Institution for Savings were worth $583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Copeland Capital Management LLC lifted its stake in Hingham Institution for Savings by 97.6% in the 4th quarter. Copeland Capital Management LLC now owns 168 shares of the savings and loans company’s stock worth $33,000 after purchasing an additional 83 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Hingham Institution for Savings by 22.4% during the 4th quarter. SG Americas Securities LLC now owns 840 shares of the savings and loans company’s stock valued at $163,000 after buying an additional 154 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new stake in shares of Hingham Institution for Savings during the 4th quarter valued at $200,000. Quadrature Capital Ltd purchased a new stake in shares of Hingham Institution for Savings during the 3rd quarter valued at $460,000. Finally, Anchor Capital Advisors LLC raised its position in shares of Hingham Institution for Savings by 19.7% during the 3rd quarter. Anchor Capital Advisors LLC now owns 4,179 shares of the savings and loans company’s stock valued at $780,000 after buying an additional 689 shares in the last quarter. 49.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Hingham Institution for Savings to a “sell” rating in a research report on Saturday, May 4th.

Check Out Our Latest Analysis on Hingham Institution for Savings

Hingham Institution for Savings Price Performance

Shares of NASDAQ:HIFS opened at $170.90 on Friday. The stock has a market cap of $366.92 million, a PE ratio of 15.15 and a beta of 1.00. The company’s fifty day moving average is $173.36 and its 200 day moving average is $176.32. Hingham Institution for Savings has a 52 week low of $147.01 and a 52 week high of $230.77. The company has a quick ratio of 1.66, a current ratio of 1.64 and a debt-to-equity ratio of 4.07.

Hingham Institution for Savings (NASDAQ:HIFS – Get Free Report) last issued its earnings results on Friday, April 12th. The savings and loans company reported $1.01 EPS for the quarter. The company had revenue of $15.33 million for the quarter. Hingham Institution for Savings had a net margin of 12.38% and a return on equity of 2.71%.

Hingham Institution for Savings Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Monday, May 6th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Friday, May 3rd. Hingham Institution for Savings’s dividend payout ratio (DPR) is presently 22.34%.

About Hingham Institution for Savings

(Free Report)

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.

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