Janney Montgomery Scott LLC Sells 114 Shares of Hingham Institution for Savings (NASDAQ:HIFS)

Janney Montgomery Scott LLC cut its stake in Hingham Institution for Savings (NASDAQ:HIFSGet Rating) by 3.2% during the third quarter, HoldingsChannel reports. The firm owned 3,466 shares of the savings and loans company’s stock after selling 114 shares during the period. Janney Montgomery Scott LLC’s holdings in Hingham Institution for Savings were worth $870,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Advisor Group Holdings Inc. lifted its stake in Hingham Institution for Savings by 894.4% in the first quarter. Advisor Group Holdings Inc. now owns 1,432 shares of the savings and loans company’s stock worth $115,000 after acquiring an additional 1,288 shares during the period. Swiss National Bank lifted its stake in Hingham Institution for Savings by 6.1% in the first quarter. Swiss National Bank now owns 3,500 shares of the savings and loans company’s stock worth $1,201,000 after acquiring an additional 200 shares during the period. Bank of New York Mellon Corp lifted its stake in Hingham Institution for Savings by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 8,885 shares of the savings and loans company’s stock worth $3,050,000 after acquiring an additional 120 shares during the period. MetLife Investment Management LLC lifted its stake in Hingham Institution for Savings by 53.5% in the first quarter. MetLife Investment Management LLC now owns 726 shares of the savings and loans company’s stock worth $249,000 after acquiring an additional 253 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Hingham Institution for Savings by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 53,623 shares of the savings and loans company’s stock worth $18,405,000 after acquiring an additional 135 shares during the period. 36.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HIFS shares. TheStreet raised shares of Hingham Institution for Savings from a “c+” rating to a “b-” rating in a research note on Wednesday, December 7th. StockNews.com initiated coverage on shares of Hingham Institution for Savings in a research report on Wednesday, October 12th. They set a “sell” rating for the company.

Hingham Institution for Savings Stock Performance

HIFS stock opened at $288.49 on Friday. The firm has a market cap of $618.81 million, a price-to-earnings ratio of 15.06 and a beta of 0.93. The firm has a 50-day simple moving average of $278.44 and a two-hundred day simple moving average of $278.98. Hingham Institution for Savings has a one year low of $242.99 and a one year high of $388.73. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.38 and a current ratio of 1.38.

Hingham Institution for Savings Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 11th. Shareholders of record on Monday, January 2nd were given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.91%. This is a positive change from Hingham Institution for Savings’s previous quarterly dividend of $0.61. The ex-dividend date was Thursday, December 29th. Hingham Institution for Savings’s dividend payout ratio is presently 13.15%.

Hingham Institution for Savings Profile

(Get Rating)

Hingham Institution for Savings provides various financial products and services to individuals and businesses in the United States. It offers savings, checking, money market, demand deposit, and negotiable order of withdrawal accounts, as well as certificates of deposit. The company also provides commercial and residential real estate, construction, home equity, commercial, and consumer loans.

Featured Articles

Want to see what other hedge funds are holding HIFS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hingham Institution for Savings (NASDAQ:HIFSGet Rating).

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 MarketBeat.com's FREE daily email newsletter.