AlphaQuest LLC Trims Holdings in Hingham Institution for Savings (NASDAQ:HIFS)

AlphaQuest LLC trimmed its stake in shares of Hingham Institution for Savings (NASDAQ:HIFS) by 40.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 910 shares of the savings and loans company’s stock after selling 609 shares during the quarter. AlphaQuest LLC’s holdings in Hingham Institution for Savings were worth $231,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Anchor Capital Advisors LLC lifted its position in shares of Hingham Institution for Savings by 1.6% during the fourth quarter. Anchor Capital Advisors LLC now owns 5,380 shares of the savings and loans company’s stock worth $1,367,000 after purchasing an additional 85 shares during the last quarter. FMR LLC lifted its holdings 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 worth $102,000 after buying an additional 89 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Hingham Institution for Savings by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,527 shares of the savings and loans company’s stock worth $1,101,000 after acquiring an additional 137 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Hingham Institution for Savings by 19.8% in the 4th quarter. SG Americas Securities LLC now owns 1,223 shares of the savings and loans company’s stock valued at $311,000 after acquiring an additional 202 shares during the last quarter. Finally, Quantbot Technologies LP raised its position in shares of Hingham Institution for Savings by 49.1% during the 3rd quarter. Quantbot Technologies LP now owns 950 shares of the savings and loans company’s stock valued at $231,000 after acquiring an additional 313 shares in the last quarter. 49.33% of the stock is owned by institutional investors and hedge funds.

Hingham Institution for Savings Stock Performance

Shares of HIFS stock opened at $235.10 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.63. The business has a 50 day moving average of $253.62 and a two-hundred day moving average of $257.90. The company has a market cap of $505.47 million, a P/E ratio of 18.32 and a beta of 0.99. Hingham Institution for Savings has a 52 week low of $160.00 and a 52 week high of $300.00.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its earnings results on Friday, January 17th. The savings and loans company reported $2.16 earnings per share for the quarter. Hingham Institution for Savings had a return on equity of 2.95% and a net margin of 12.97%.

Analysts Set New Price Targets

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

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.