Hingham Institution for Savings $HIFS Shares Sold by Royce & Associates LP

Royce & Associates LP cut its position in shares of Hingham Institution for Savings (NASDAQ:HIFS) by 5.1% during the 4th quarter, Holdings Channel reports. The firm owned 107,030 shares of the savings and loans company’s stock after selling 5,743 shares during the period. Royce & Associates LP’s holdings in Hingham Institution for Savings were worth $30,392,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. AQR Capital Management LLC boosted its stake in shares of Hingham Institution for Savings by 54.3% during the 1st quarter. AQR Capital Management LLC now owns 1,634 shares of the savings and loans company’s stock worth $389,000 after acquiring an additional 575 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 purchasing 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 about $952,000. JPMorgan Chase & Co. raised its holdings 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 buying an additional 258 shares in the last quarter. Finally, Sei Investments Co. raised its holdings 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 buying an additional 700 shares in the last quarter. 49.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

HIFS has been the topic of several research reports. Wall Street Zen lowered Hingham Institution for Savings from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings raised Hingham Institution for Savings from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 23rd. One equities research 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 Stock Performance

Hingham Institution for Savings stock opened at $284.87 on Tuesday. The firm has a 50-day moving average of $282.69 and a 200-day moving average of $289.16. Hingham Institution for Savings has a one year low of $220.76 and a one year high of $337.99. The company has a debt-to-equity ratio of 3.31, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market cap of $621.02 million, a price-to-earnings ratio of 12.49 and a beta of 0.85.

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

Hingham Institution for Savings Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Monday, May 4th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a 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.