Hingham Institution for Savings (HIFS) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. grew its position in Hingham Institution for Savings (NASDAQ:HIFS) by 21.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,030 shares of the savings and loans company’s stock after buying an additional 534 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Hingham Institution for Savings were worth $628,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in HIFS. OxFORD Asset Management LLP acquired a new position in Hingham Institution for Savings in the 3rd quarter worth $227,000. Wells Fargo & Company MN boosted its stake in Hingham Institution for Savings by 56.9% in the 3rd quarter. Wells Fargo & Company MN now owns 1,458 shares of the savings and loans company’s stock worth $277,000 after purchasing an additional 529 shares during the period. Nationwide Fund Advisors boosted its stake in Hingham Institution for Savings by 700.5% in the 3rd quarter. Nationwide Fund Advisors now owns 6,004 shares of the savings and loans company’s stock worth $1,142,000 after purchasing an additional 5,254 shares during the period. Clean Yield Group boosted its stake in Hingham Institution for Savings by 1.8% in the 4th quarter. Clean Yield Group now owns 16,644 shares of the savings and loans company’s stock worth $3,445,000 after purchasing an additional 290 shares during the period. Finally, State Street Corp boosted its stake in Hingham Institution for Savings by 8.8% in the 2nd quarter. State Street Corp now owns 22,002 shares of the savings and loans company’s stock worth $4,003,000 after purchasing an additional 1,783 shares during the period. 31.30% of the stock is owned by institutional investors.

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Separately, BidaskClub lowered shares of Hingham Institution for Savings from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th.

Shares of NASDAQ HIFS opened at $206.00 on Friday. The firm has a market capitalization of $433.84, a P/E ratio of 17.27 and a beta of 0.81. Hingham Institution for Savings has a 1-year low of $166.45 and a 1-year high of $242.00.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its earnings results on Thursday, January 18th. The savings and loans company reported $3.16 earnings per share for the quarter. The company had revenue of $16.94 million during the quarter.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Investors of record on Monday, April 9th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Friday, April 6th.

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About Hingham Institution for Savings

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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