Sei Investments Co. Buys 1,600 Shares of Hingham Institution for Savings $HIFS

Sei Investments Co. increased its stake in shares of Hingham Institution for Savings (NASDAQ:HIFS) by 100.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,194 shares of the savings and loans company’s stock after purchasing an additional 1,600 shares during the period. Sei Investments Co. owned approximately 0.15% of Hingham Institution for Savings worth $913,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Bessemer Group Inc. bought a new stake in Hingham Institution for Savings during the 1st quarter valued at $4,002,000. Maren Capital LLC lifted its stake 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 last quarter. Mission Wealth Management LP bought a new stake in Hingham Institution for Savings during the fourth quarter valued at about $4,222,000. Entropy Technologies LP purchased a new position in Hingham Institution for Savings in the third quarter valued at about $211,000. Finally, UBS Group AG raised its holdings in Hingham Institution for Savings by 15.7% in the third quarter. UBS Group AG now owns 69,998 shares of the savings and loans company’s stock worth $18,464,000 after purchasing an additional 9,493 shares in the last quarter. Institutional investors own 49.33% of the company’s stock.

Hingham Institution for Savings Stock Up 0.6%

Shares of HIFS stock opened at $313.45 on Thursday. The stock’s fifty day moving average price is $294.26 and its 200 day moving average price is $291.33. Hingham Institution for Savings has a 1-year low of $248.53 and a 1-year high of $337.99. The company has a market cap of $683.32 million, a price-to-earnings ratio of 10.44 and a beta of 0.84. The company has a debt-to-equity ratio of 2.93, a current ratio of 1.64 and a quick ratio of 1.64.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its quarterly earnings results on Friday, July 17th. The savings and loans company reported $4.82 earnings per share for the quarter. Hingham Institution for Savings had a return on equity of 8.43% and a net margin of 25.94%.The business had revenue of $42.92 million during the quarter.

Hingham Institution for Savings Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Monday, August 3rd were paid a $0.63 dividend. The ex-dividend date was Monday, August 3rd. This represents a $2.52 dividend on an annualized basis and a yield of 0.8%. Hingham Institution for Savings’s dividend payout ratio (DPR) is 8.39%.

Analyst Ratings Changes

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

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.