Maren Capital LLC Grows Stock Holdings in Hingham Institution for Savings $HIFS

Maren Capital LLC boosted its holdings in shares of Hingham Institution for Savings (NASDAQ:HIFS) by 1.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 208,659 shares of the savings and loans company’s stock after acquiring an additional 3,726 shares during the period. Hingham Institution for Savings accounts for about 3.2% of Maren Capital LLC’s portfolio, making the stock its 14th largest position. Maren Capital LLC owned approximately 0.10% of Hingham Institution for Savings worth $59,251,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. AQR Capital Management LLC increased its position in Hingham Institution for Savings by 54.3% during the first quarter. AQR Capital Management LLC now owns 1,634 shares of the savings and loans company’s stock valued at $389,000 after acquiring an additional 575 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Hingham Institution for Savings by 8.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 961 shares of the savings and loans company’s stock valued at $229,000 after acquiring an additional 75 shares during the last quarter. Jane Street Group LLC bought a new position in Hingham Institution for Savings during the first quarter valued at $952,000. JPMorgan Chase & Co. increased its position in Hingham Institution for Savings by 23.5% during the second quarter. JPMorgan Chase & Co. now owns 1,358 shares of the savings and loans company’s stock valued at $337,000 after acquiring an additional 258 shares during the last quarter. Finally, Sei Investments Co. increased its position in Hingham Institution for Savings by 78.3% during the second quarter. Sei Investments Co. now owns 1,594 shares of the savings and loans company’s stock valued at $396,000 after acquiring an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 49.33% of the company’s stock.

Hingham Institution for Savings Stock Performance

NASDAQ HIFS opened at $294.10 on Monday. The company’s 50-day moving average price is $286.34 and its 200-day moving average price is $290.39. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.93. The stock has a market cap of $641.14 million, a PE ratio of 12.89 and a beta of 0.84. Hingham Institution for Savings has a 12 month low of $220.76 and a 12 month high of $337.99.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its quarterly earnings results on Friday, April 17th. The savings and loans company reported $4.79 EPS for the quarter. The firm had revenue of $22.43 million for the quarter. Hingham Institution for Savings had a net margin of 21.17% and a return on equity of 7.89%.

Hingham Institution for Savings Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Stockholders of record on Monday, May 4th were issued a $0.63 dividend. The ex-dividend date was Monday, May 4th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.9%. Hingham Institution for Savings’s dividend payout ratio is presently 11.05%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HIFS. Wall Street Zen cut shares of Hingham Institution for Savings from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings cut shares of Hingham Institution for Savings from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

About Hingham Institution for Savings

Hingham Institution for Savings is a mutual savings bank headquartered in Hingham, Massachusetts. Founded in 1834, the bank combines the community-oriented focus of a mutual institution with the transparency and oversight associated with a publicly traded company under the NASDAQ ticker HIFS.

The institution’s core activities include deposit and lending services tailored to individuals and businesses. Deposit offerings encompass checking and savings accounts, money market accounts, certificates of deposit and individual retirement accounts, supported by online and mobile banking platforms.