Mission Wealth Management LP Purchases New Stake in Hingham Institution for Savings $HIFS

Mission Wealth Management LP purchased a new stake in shares of Hingham Institution for Savings (NASDAQ:HIFS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,870 shares of the savings and loans company’s stock, valued at approximately $4,222,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC increased its position in Hingham Institution for Savings by 54.3% in the first quarter. AQR Capital Management LLC now owns 1,634 shares of the savings and loans company’s stock worth $389,000 after buying an additional 575 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Hingham Institution for Savings by 8.5% in 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 buying an additional 75 shares during the period. Jane Street Group LLC acquired a new stake in Hingham Institution for Savings in the first quarter worth $952,000. JPMorgan Chase & Co. increased its position in Hingham Institution for Savings by 23.5% in the second quarter. JPMorgan Chase & Co. now owns 1,358 shares of the savings and loans company’s stock worth $337,000 after buying an additional 258 shares during the period. Finally, Sei Investments Co. increased its position in Hingham Institution for Savings by 78.3% in the second quarter. Sei Investments Co. now owns 1,594 shares of the savings and loans company’s stock worth $396,000 after buying an additional 700 shares during the period. 49.33% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HIFS. Wall Street Zen lowered Hingham Institution for Savings from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Weiss Ratings raised Hingham Institution for Savings from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

Hingham Institution for Savings Price Performance

Shares of NASDAQ:HIFS opened at $266.84 on Tuesday. The firm’s 50 day moving average is $282.31 and its two-hundred day moving average is $289.55. Hingham Institution for Savings has a 52 week low of $220.76 and a 52 week high of $337.99. The firm has a market capitalization of $581.71 million, a P/E ratio of 11.70 and a beta of 0.85. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.31.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its quarterly earnings results on Friday, April 17th. The savings and loans company reported $4.79 EPS for the quarter. The company had revenue of $22.43 million for the quarter. Hingham Institution for Savings had a return on equity of 8.06% and a net margin of 21.17%.

Hingham Institution for Savings Announces Dividend

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

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.