Hingham Institution for Savings $HIFS Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its holdings in shares of Hingham Institution for Savings (NASDAQ:HIFS) by 78.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,795 shares of the savings and loans company’s stock after buying an additional 2,109 shares during the period. Quantinno Capital Management LP owned 0.22% of Hingham Institution for Savings worth $1,371,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Bessemer Group Inc. acquired a new position in Hingham Institution for Savings in the first quarter valued at approximately $4,002,000. Maren Capital LLC raised its position in shares of Hingham Institution for Savings by 1.8% during the 4th quarter. Maren Capital LLC now owns 208,659 shares of the savings and loans company’s stock worth $59,251,000 after purchasing an additional 3,726 shares during the period. Mission Wealth Management LP bought a new stake in shares of Hingham Institution for Savings in the 4th quarter worth approximately $4,222,000. Sei Investments Co. lifted its holdings in shares of Hingham Institution for Savings by 100.4% in the 1st quarter. Sei Investments Co. now owns 3,194 shares of the savings and loans company’s stock worth $913,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Anchor Capital Advisors LLC boosted its position in Hingham Institution for Savings by 7.9% during the 4th quarter. Anchor Capital Advisors LLC now owns 5,797 shares of the savings and loans company’s stock valued at $1,646,000 after purchasing an additional 423 shares during the period. Institutional investors and hedge funds own 49.33% of the company’s stock.

Analysts Set New Price Targets

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

Hingham Institution for Savings Stock Performance

Shares of NASDAQ HIFS opened at $312.40 on Friday. Hingham Institution for Savings has a 12-month low of $248.53 and a 12-month high of $337.99. The company has a market cap of $681.03 million, a PE ratio of 10.41 and a beta of 0.84. The stock has a 50 day simple moving average of $294.73 and a 200-day simple moving average of $291.35. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.93.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its earnings results on Friday, July 17th. The savings and loans company reported $4.82 EPS for the quarter. The firm had revenue of $42.92 million for 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, August 3rd. Hingham Institution for Savings’s dividend payout ratio (DPR) is 8.39%.

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.