BNP Paribas Financial Markets Increases Stock Position in Hingham Institution for Savings (NASDAQ:HIFS)

BNP Paribas Financial Markets boosted its position in Hingham Institution for Savings (NASDAQ:HIFS) by 113.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,938 shares of the savings and loans company’s stock after acquiring an additional 1,560 shares during the quarter. BNP Paribas Financial Markets’ holdings in Hingham Institution for Savings were worth $715,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Copeland Capital Management LLC acquired a new stake in Hingham Institution for Savings in the third quarter valued at $61,000. FMR LLC raised its stake in shares of Hingham Institution for Savings by 27.0% in the 3rd quarter. FMR LLC now owns 419 shares of the savings and loans company’s stock valued at $102,000 after purchasing an additional 89 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Hingham Institution for Savings by 8.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,286 shares of the savings and loans company’s stock worth $225,000 after purchasing an additional 101 shares during the last quarter. Quantbot Technologies LP grew its stake in Hingham Institution for Savings by 49.1% in the third quarter. Quantbot Technologies LP now owns 950 shares of the savings and loans company’s stock worth $231,000 after purchasing an additional 313 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in Hingham Institution for Savings in the third quarter valued at about $243,000. 49.33% of the stock is owned by hedge funds and other institutional investors.

Hingham Institution for Savings Stock Performance

Shares of HIFS opened at $280.10 on Friday. The stock has a market capitalization of $601.37 million, a PE ratio of 26.30 and a beta of 1.01. The business’s fifty day moving average price is $268.09 and its 200 day moving average price is $233.27. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.57 and a quick ratio of 1.57. Hingham Institution for Savings has a 12-month low of $150.11 and a 12-month high of $300.00.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its earnings results on Friday, October 11th. The savings and loans company reported $1.44 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a return on equity of 2.27% and a net margin of 10.95%. The company had revenue of $15.21 million for the quarter.

Hingham Institution for Savings Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, January 6th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.90%. Hingham Institution for Savings’s dividend payout ratio is presently 23.86%.

Hingham Institution for Savings Profile

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.