JPMorgan Chase & Co. Sells 1,039 Shares of Hingham Institution for Savings (HIFS)

JPMorgan Chase & Co. trimmed its position in Hingham Institution for Savings (NASDAQ:HIFS) by 37.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,721 shares of the savings and loans company’s stock after selling 1,039 shares during the period. JPMorgan Chase & Co.’s holdings in Hingham Institution for Savings were worth $327,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its holdings in Hingham Institution for Savings by 3.2% in the 2nd quarter. Wells Fargo & Company MN now owns 929 shares of the savings and loans company’s stock valued at $169,000 after purchasing an additional 29 shares in the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Hingham Institution for Savings by 0.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 3,768 shares of the savings and loans company’s stock valued at $686,000 after purchasing an additional 33 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in Hingham Institution for Savings by 14.2% in the 2nd quarter. New York State Common Retirement Fund now owns 1,600 shares of the savings and loans company’s stock valued at $291,000 after purchasing an additional 199 shares in the last quarter. Grandeur Peak Global Advisors LLC lifted its holdings in Hingham Institution for Savings by 2.7% in the 2nd 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. Finally, Northern Trust Corp lifted its holdings in Hingham Institution for Savings by 6.1% in the 2nd quarter. Northern Trust Corp now owns 17,864 shares of the savings and loans company’s stock valued at $3,250,000 after purchasing an additional 1,033 shares in the last quarter. Institutional investors own 27.22% of the company’s stock.

Hingham Institution for Savings (HIFS) opened at $211.50 on Friday. Hingham Institution for Savings has a one year low of $148.02 and a one year high of $242.00. The company has a market cap of $447.10, a PE ratio of 18.09 and a beta of 0.81.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 17th. Stockholders of record on Friday, January 5th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Thursday, January 4th. Hingham Institution for Savings’s dividend payout ratio is currently 11.63%.

A number of research analysts have issued reports on HIFS shares. BidaskClub lowered shares of Hingham Institution for Savings from a “hold” rating to a “sell” rating in a report 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 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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