Royce & Associates LP Lowers Stake in Hingham Institution for Savings (NASDAQ:HIFS)

Royce & Associates LP reduced its position in shares of Hingham Institution for Savings (NASDAQ:HIFS) by 12.3% in the fourth quarter, Holdings Channel reports. The firm owned 91,641 shares of the savings and loans company’s stock after selling 12,877 shares during the quarter. Royce & Associates LP’s holdings in Hingham Institution for Savings were worth $23,290,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of HIFS. GSA Capital Partners LLP increased its stake in Hingham Institution for Savings by 23.7% during the 3rd quarter. GSA Capital Partners LLP now owns 3,263 shares of the savings and loans company’s stock valued at $794,000 after purchasing an additional 625 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in Hingham Institution for Savings during the 3rd quarter valued at about $243,000. Quest Partners LLC bought a new stake in Hingham Institution for Savings during the 3rd quarter valued at about $370,000. Charles Schwab Investment Management Inc. increased its stake in Hingham Institution for Savings by 3.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,527 shares of the savings and loans company’s stock valued at $1,101,000 after purchasing an additional 137 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in Hingham Institution for Savings by 49.1% during the 3rd quarter. Quantbot Technologies LP now owns 950 shares of the savings and loans company’s stock valued at $231,000 after purchasing an additional 313 shares in the last quarter. 49.33% of the stock is currently owned by institutional investors.

Hingham Institution for Savings Stock Performance

Shares of HIFS stock opened at $235.10 on Monday. The company has a 50 day moving average price of $253.62 and a 200-day moving average price of $257.89. Hingham Institution for Savings has a 52 week low of $160.00 and a 52 week high of $300.00. The firm has a market capitalization of $505.47 million, a PE ratio of 18.32 and a beta of 0.99. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.63.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its quarterly earnings results on Friday, January 17th. The savings and loans company reported $2.16 EPS for the quarter. Hingham Institution for Savings had a net margin of 12.97% and a return on equity of 2.95%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Hingham Institution for Savings from a “sell” rating to a “hold” rating in a research note on Saturday, February 22nd.

Hingham Institution for Savings Company 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.