US Bancorp DE Reduces Holdings in Hingham Institution for Savings (NASDAQ:HIFS)

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US Bancorp DE lessened its stake in Hingham Institution for Savings (NASDAQ:HIFS) by 2.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,981 shares of the savings and loans company’s stock after selling 63 shares during the quarter. US Bancorp DE’s holdings in Hingham Institution for Savings were worth $513,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in HIFS. BNP Paribas Arbitrage SA increased its stake in shares of Hingham Institution for Savings by 965.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 277 shares of the savings and loans company’s stock worth $48,000 after purchasing an additional 251 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Hingham Institution for Savings by 353.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 503 shares of the savings and loans company’s stock worth $99,000 after purchasing an additional 392 shares during the last quarter. Ramsey Quantitative Systems increased its stake in shares of Hingham Institution for Savings by 41.0% during the 4th quarter. Ramsey Quantitative Systems now owns 708 shares of the savings and loans company’s stock worth $140,000 after purchasing an additional 206 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Hingham Institution for Savings during the 1st quarter worth $203,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Hingham Institution for Savings by 27.7% during the 1st quarter. JPMorgan Chase & Co. now owns 1,313 shares of the savings and loans company’s stock worth $226,000 after purchasing an additional 285 shares during the last quarter. Hedge funds and other institutional investors own 32.63% of the company’s stock.

Shares of HIFS opened at $187.14 on Thursday. Hingham Institution for Savings has a 12 month low of $163.00 and a 12 month high of $229.99. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 3.17.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its quarterly earnings results on Friday, April 12th. The savings and loans company reported $3.48 EPS for the quarter. Hingham Institution for Savings had a net margin of 32.18% and a return on equity of 15.35%. The company had revenue of $19.01 million for the quarter.

Several brokerages have recently commented on HIFS. ValuEngine lowered shares of Hingham Institution for Savings from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. BidaskClub upgraded shares of Hingham Institution for Savings from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 27th.

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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. The company's deposit products include savings, demand, regular, checking, negotiable order of withdrawal, and money market accounts, as well as certificates of deposit.

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Institutional Ownership by Quarter for Hingham Institution for Savings (NASDAQ:HIFS)

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