Maren Capital LLC Decreases Stock Position in Hingham Institution for Savings $HIFS

Maren Capital LLC cut its stake in Hingham Institution for Savings (NASDAQ:HIFS) by 6.5% in the second quarter, Holdings Channel reports. The institutional investor owned 193,531 shares of the savings and loans company’s stock after selling 13,424 shares during the period. Hingham Institution for Savings makes up about 2.8% of Maren Capital LLC’s investment portfolio, making the stock its 14th biggest holding. Maren Capital LLC owned 0.09% of Hingham Institution for Savings worth $59,443,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC increased its position in Hingham Institution for Savings by 46.3% during the first quarter. Parallel Advisors LLC now owns 139 shares of the savings and loans company’s stock valued at $40,000 after acquiring an additional 44 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Hingham Institution for Savings by 0.7% during the 1st 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 period. Caitong International Asset Management Co. Ltd boosted its stake in shares of Hingham Institution for Savings by 33.8% during the 4th 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 period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Hingham Institution for Savings by 8.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 961 shares of the savings and loans company’s stock valued at $229,000 after purchasing an additional 75 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in Hingham Institution for Savings by 11.2% during the 1st quarter. Royal Bank of Canada now owns 793 shares of the savings and loans company’s stock valued at $226,000 after purchasing an additional 80 shares during the last quarter. 49.33% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HIFS has been the subject of several analyst reports. Weiss Ratings raised shares of Hingham Institution for Savings from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Wall Street Zen raised Hingham Institution for Savings from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.

Hingham Institution for Savings Stock Performance

HIFS stock opened at $307.99 on Friday. Hingham Institution for Savings has a twelve month low of $248.53 and a twelve month high of $337.99. The firm has a market cap of $671.42 million, a price-to-earnings ratio of 10.26 and a beta of 0.83. The business’s fifty day simple moving average is $297.51 and its two-hundred day simple moving average is $290.16. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 2.77.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its earnings results on Wednesday, August 5th. The savings and loans company reported $4.82 earnings per share (EPS) for the quarter. The firm had revenue of $42.92 million during the quarter. Hingham Institution for Savings had a net margin of 25.94% and a return on equity of 8.22%.

Hingham Institution for Savings Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Monday, August 3rd were given a $0.63 dividend. 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 payout ratio is 8.39%.

Hingham Institution for Savings 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.