Sei Investments Co. Increases Position in Hingham Institution for Savings $HIFS

Sei Investments Co. lifted its position in Hingham Institution for Savings (NASDAQ:HIFS) by 100.4% during the 1st quarter, Holdings Channel.com reports. The fund owned 3,194 shares of the savings and loans company’s stock after acquiring an additional 1,600 shares during the period. Sei Investments Co.’s holdings in Hingham Institution for Savings were worth $913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its stake in Hingham Institution for Savings by 46.3% during the 1st quarter. Parallel Advisors LLC now owns 139 shares of the savings and loans company’s stock valued at $40,000 after purchasing an additional 44 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Hingham Institution for Savings by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 7,014 shares of the savings and loans company’s stock worth $2,005,000 after purchasing an additional 51 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Hingham Institution for Savings by 33.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 206 shares of the savings and loans company’s stock worth $58,000 after purchasing an additional 52 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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 worth $229,000 after purchasing an additional 75 shares during the period. Finally, Aptus Capital Advisors LLC lifted its holdings in shares of Hingham Institution for Savings by 0.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 24,842 shares of the savings and loans company’s stock worth $7,054,000 after purchasing an additional 105 shares during the period. Hedge funds and other institutional investors own 49.33% of the company’s stock.

Hingham Institution for Savings Price Performance

NASDAQ:HIFS opened at $313.45 on Thursday. The firm’s fifty day moving average is $294.26 and its two-hundred day moving average is $291.33. The firm has a market cap of $683.32 million, a price-to-earnings ratio of 10.44 and a beta of 0.84. The company has a debt-to-equity ratio of 2.93, a quick ratio of 1.64 and a current ratio of 1.64. Hingham Institution for Savings has a one year low of $248.53 and a one year high of $337.99.

Hingham Institution for Savings (NASDAQ:HIFS) last released its quarterly earnings data on Friday, July 17th. The savings and loans company reported $4.82 earnings per share for the quarter. The business had revenue of $42.92 million during the quarter. Hingham Institution for Savings had a return on equity of 8.43% and a net margin of 25.94%.

Hingham Institution for Savings Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Monday, August 3rd were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, August 3rd. Hingham Institution for Savings’s dividend payout ratio (DPR) is 8.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings upgraded Hingham Institution for Savings from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday. Wall Street Zen upgraded shares of Hingham Institution for Savings from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Hingham Institution for Savings Company Profile

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.