Maren Capital LLC Grows Position in Hingham Institution for Savings $HIFS

Maren Capital LLC lifted its stake in Hingham Institution for Savings (NASDAQ:HIFS) by 1.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 208,659 shares of the savings and loans company’s stock after buying an additional 3,726 shares during the quarter. Hingham Institution for Savings makes up about 3.2% of Maren Capital LLC’s investment portfolio, making the stock its 14th largest position. Maren Capital LLC owned about 9.57% of Hingham Institution for Savings worth $59,251,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of HIFS. Two Sigma Investments LP lifted its holdings 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 worth $7,175,000 after buying an additional 16,360 shares in the last quarter. Mission Wealth Management LP purchased a new position in shares of Hingham Institution for Savings in the fourth quarter worth $4,222,000. Bank of America Corp DE lifted its holdings in shares of Hingham Institution for Savings by 337.2% in the third quarter. Bank of America Corp DE now owns 13,856 shares of the savings and loans company’s stock worth $3,655,000 after buying an additional 10,687 shares in the last quarter. UBS Group AG lifted its holdings in shares of 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 buying an additional 9,493 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Hingham Institution for Savings by 230.8% in the third quarter. Millennium Management LLC now owns 12,645 shares of the savings and loans company’s stock worth $3,335,000 after buying an additional 8,823 shares in the last quarter. Hedge funds and other institutional investors own 49.33% of the company’s stock.

Analyst Upgrades and Downgrades

HIFS has been the topic of several research analyst reports. Weiss Ratings downgraded shares of Hingham Institution for Savings from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. Wall Street Zen downgraded shares of Hingham Institution for Savings from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Hingham Institution for Savings Price Performance

Hingham Institution for Savings stock opened at $294.10 on Monday. The company has a market cap of $641.14 million, a price-to-earnings ratio of 12.89 and a beta of 0.84. The firm’s fifty day moving average is $286.34 and its 200 day moving average is $290.39. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.93. Hingham Institution for Savings has a 52-week low of $220.76 and a 52-week high of $337.99.

Hingham Institution for Savings (NASDAQ:HIFS) last released its quarterly earnings results on Friday, April 17th. The savings and loans company reported $4.79 earnings per share (EPS) for the quarter. The company had revenue of $22.43 million for the quarter. Hingham Institution for Savings had a net margin of 21.17% and a return on equity of 7.89%.

Hingham Institution for Savings Announces Dividend

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

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.