Royce & Associates LP Reduces Stock Position in Hingham Institution for Savings (NASDAQ:HIFS)

Royce & Associates LP lowered its position in shares of Hingham Institution for Savings (NASDAQ:HIFS) by 12.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,641 shares of the savings and loans company’s stock after selling 12,877 shares during the period. Royce & Associates LP owned about 4.27% of Hingham Institution for Savings worth $23,290,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted its position in Hingham Institution for Savings by 27.0% during the 3rd quarter. FMR LLC now owns 419 shares of the savings and loans company’s stock valued at $102,000 after buying an additional 89 shares during the period. SeaCrest Wealth Management LLC purchased a new stake in shares of Hingham Institution for Savings in the 4th quarter worth about $204,000. Wallace Capital Management Inc. purchased a new stake in shares of Hingham Institution for Savings in the 3rd quarter worth about $219,000. Quantbot Technologies LP lifted its position in shares of Hingham Institution for Savings by 49.1% in the 3rd 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 during the period. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of Hingham Institution for Savings in the 3rd quarter worth about $243,000. Hedge funds and other institutional investors own 49.33% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Hingham Institution for Savings Trading Up 0.8 %

NASDAQ:HIFS 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 12 month low of $160.00 and a 12 month high of $300.00. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.63. The stock has a market cap of $505.47 million, a price-to-earnings ratio of 18.32 and a beta of 0.99.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its 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%.

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.