Hotchkis & Wiley Capital Management LLC Acquires Shares of 13,350 Hingham Institution for Savings (NASDAQ:HIFS)

Hotchkis & Wiley Capital Management LLC purchased a new stake in Hingham Institution for Savings (NASDAQ:HIFS) in the 3rd quarter, Holdings Channel reports. The fund purchased 13,350 shares of the savings and loans company’s stock, valued at approximately $3,248,000.

A number of other institutional investors have also recently modified their holdings of the business. De Lisle Partners LLP grew its holdings in Hingham Institution for Savings by 60.8% during the third quarter. De Lisle Partners LLP now owns 18,227 shares of the savings and loans company’s stock worth $4,414,000 after acquiring an additional 6,891 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Hingham Institution for Savings by 113.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,938 shares of the savings and loans company’s stock worth $715,000 after purchasing an additional 1,560 shares during the period. FMR LLC increased its holdings in shares of Hingham Institution for Savings by 27.0% in the 3rd quarter. FMR LLC now owns 419 shares of the savings and loans company’s stock valued at $102,000 after purchasing an additional 89 shares in the last quarter. Quantbot Technologies LP lifted its stake in shares of Hingham Institution for Savings by 49.1% in the third 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 during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Hingham Institution for Savings by 3.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,527 shares of the savings and loans company’s stock worth $1,101,000 after buying an additional 137 shares in the last quarter. 49.33% of the stock is currently owned by hedge funds and other institutional investors.

Hingham Institution for Savings Trading Up 1.0 %

Shares of Hingham Institution for Savings stock opened at $281.30 on Friday. Hingham Institution for Savings has a 12-month low of $150.11 and a 12-month high of $300.00. The stock has a market cap of $604.80 million, a PE ratio of 26.64 and a beta of 1.01. The company has a 50-day moving average of $265.52 and a two-hundred day moving average of $230.62. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.63.

Hingham Institution for Savings (NASDAQ:HIFS) last released its quarterly earnings results on Friday, October 11th. The savings and loans company reported $1.44 earnings per share (EPS) for the quarter. The business had revenue of $15.21 million during the quarter. Hingham Institution for Savings had a return on equity of 2.27% and a net margin of 10.95%.

Hingham Institution for Savings Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, January 6th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Monday, January 6th. Hingham Institution for Savings’s payout ratio is currently 23.86%.

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.