Flagship Harbor Advisors LLC acquired a new position in Hingham Institution for Savings (NASDAQ:HIFS) in the second quarter, HoldingsChannel reports. The fund acquired 510 shares of the savings and loans company’s stock, valued at approximately $112,000.

A number of other hedge funds have also recently modified their holdings of HIFS. Dimensional Fund Advisors LP grew its position in Hingham Institution for Savings by 4.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 50,474 shares of the savings and loans company’s stock worth $10,398,000 after purchasing an additional 2,379 shares in the last quarter. Epoch Investment Partners Inc. grew its position in Hingham Institution for Savings by 71.4% in the 1st quarter. Epoch Investment Partners Inc. now owns 92,261 shares of the savings and loans company’s stock worth $19,006,000 after purchasing an additional 38,440 shares in the last quarter. UBS Group AG grew its position in Hingham Institution for Savings by 10.1% in the 1st quarter. UBS Group AG now owns 3,026 shares of the savings and loans company’s stock worth $623,000 after purchasing an additional 278 shares in the last quarter. Contravisory Investment Management Inc. bought a new stake in Hingham Institution for Savings in the 2nd quarter worth about $110,000. Finally, Port Capital LLC grew its position in Hingham Institution for Savings by 6.5% in the 2nd quarter. Port Capital LLC now owns 51,274 shares of the savings and loans company’s stock worth $11,265,000 after purchasing an additional 3,115 shares in the last quarter. 32.15% of the stock is owned by institutional investors and hedge funds.

HIFS opened at $219.49 on Tuesday. The stock has a market capitalization of $460.86 million, a price-to-earnings ratio of 15.80 and a beta of 0.77. Hingham Institution for Savings has a twelve month low of $179.97 and a twelve month high of $242.00.

Hingham Institution for Savings (NASDAQ:HIFS) last released its earnings results on Friday, July 13th. The savings and loans company reported $3.64 earnings per share for the quarter. The company had revenue of $16.60 million during the quarter.

Separately, BidaskClub downgraded shares of Hingham Institution for Savings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 4th.

Hingham Institution for Savings Profile

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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