Hingham Institution for Savings (HIFS) Position Reduced by California Public Employees Retirement System

California Public Employees Retirement System lessened its holdings in Hingham Institution for Savings (NASDAQ:HIFS) by 24.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,582 shares of the savings and loans company’s stock after selling 1,500 shares during the quarter. California Public Employees Retirement System owned approximately 0.21% of Hingham Institution for Savings worth $834,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Wells Fargo & Company MN increased its holdings in Hingham Institution for Savings by 3.2% in the second quarter. Wells Fargo & Company MN now owns 929 shares of the savings and loans company’s stock valued at $169,000 after buying an additional 29 shares during the last quarter. Modera Wealth Management LLC purchased a new position in shares of Hingham Institution for Savings during the second quarter worth about $200,000. Capital Analysts LLC purchased a new position in shares of Hingham Institution for Savings during the second quarter worth about $203,000. Alliancebernstein L.P. purchased a new position in shares of Hingham Institution for Savings during the second quarter worth about $218,000. Finally, Rhumbline Advisers purchased a new position in shares of Hingham Institution for Savings during the second quarter worth about $258,000. 26.18% of the stock is currently owned by hedge funds and other institutional investors.

Hingham Institution for Savings (NASDAQ:HIFS) opened at $195.74 on Wednesday. The stock has a market capitalization of $411.36, a PE ratio of 16.71 and a beta of 0.77. Hingham Institution for Savings has a twelve month low of $148.02 and a twelve month high of $203.01.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its quarterly earnings data on Thursday, October 12th. The savings and loans company reported $2.97 earnings per share (EPS) for the quarter. The firm had revenue of $16.41 million for the quarter.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 18th. Shareholders of record on Monday, October 9th were issued a dividend of $0.34 per share. This is a positive change from Hingham Institution for Savings’s previous quarterly dividend of $0.32. The ex-dividend date was Thursday, October 5th. This represents a $1.36 annualized dividend and a dividend yield of 0.69%. Hingham Institution for Savings’s dividend payout ratio (DPR) is presently 11.63%.

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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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