Liontrust Investment Partners LLP Makes New Investment in Hingham Institution for Savings $HIFS

Liontrust Investment Partners LLP purchased a new position in shares of Hingham Institution for Savings (NASDAQ:HIFS) in the 3rd quarter, Holdings Channel reports. The firm purchased 7,615 shares of the savings and loans company’s stock, valued at approximately $2,009,000.

Other institutional investors have also made changes to their positions in the company. Maren Capital LLC grew its position in Hingham Institution for Savings by 4.6% in the second quarter. Maren Capital LLC now owns 200,131 shares of the savings and loans company’s stock valued at $49,702,000 after purchasing an additional 8,736 shares in the last quarter. UBS Group AG boosted its stake in shares of Hingham Institution for Savings by 15.7% during the 3rd quarter. UBS Group AG now owns 69,998 shares of the savings and loans company’s stock worth $18,464,000 after buying an additional 9,493 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Hingham Institution for Savings by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 40,780 shares of the savings and loans company’s stock valued at $10,130,000 after acquiring an additional 117 shares in the last quarter. De Lisle Partners LLP increased its position in shares of Hingham Institution for Savings by 5.3% in the second quarter. De Lisle Partners LLP now owns 27,259 shares of the savings and loans company’s stock valued at $6,780,000 after acquiring an additional 1,360 shares during the last quarter. Finally, Two Sigma Investments LP increased its position in shares of Hingham Institution for Savings by 150.9% in the third quarter. Two Sigma Investments LP now owns 27,199 shares of the savings and loans company’s stock valued at $7,175,000 after acquiring an additional 16,360 shares during the last quarter. Institutional investors own 49.33% of the company’s stock.

Hingham Institution for Savings Stock Performance

Shares of HIFS opened at $269.56 on Wednesday. The company has a market cap of $587.64 million, a PE ratio of 10.89 and a beta of 1.02. The firm has a 50-day moving average of $296.29 and a 200-day moving average of $288.32. Hingham Institution for Savings has a one year low of $209.71 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.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its earnings results on Friday, January 16th. The savings and loans company reported $4.54 earnings per share (EPS) for the quarter. The business had revenue of $35.02 million during the quarter. Hingham Institution for Savings had a net margin of 23.04% and a return on equity of 7.16%.

Hingham Institution for Savings declared that its board has authorized a stock buyback plan on Friday, December 5th that authorizes the company to repurchase $20.00 million in outstanding shares. This repurchase authorization authorizes the savings and loans company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Hingham Institution for Savings in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Hingham Institution for Savings presently has a consensus rating of “Hold”.

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.