UBS Group AG Sells 12,509 Shares of Hingham Institution for Savings $HIFS

UBS Group AG lowered its position in shares of Hingham Institution for Savings (NASDAQ:HIFS) by 17.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,489 shares of the savings and loans company’s stock after selling 12,509 shares during the period. UBS Group AG owned approximately 2.64% of Hingham Institution for Savings worth $16,325,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in HIFS. Two Sigma Investments LP increased its position in shares of Hingham Institution for Savings by 150.9% during 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 in the last quarter. Bank of America Corp DE increased its position in shares of Hingham Institution for Savings by 337.2% during the third quarter. Bank of America Corp DE now owns 13,856 shares of the savings and loans company’s stock valued at $3,655,000 after acquiring an additional 10,687 shares in the last quarter. Millennium Management LLC increased its position in shares of Hingham Institution for Savings by 230.8% during the third quarter. Millennium Management LLC now owns 12,645 shares of the savings and loans company’s stock valued at $3,335,000 after acquiring an additional 8,823 shares in the last quarter. Liontrust Investment Partners LLP bought a new stake in shares of Hingham Institution for Savings during the third quarter valued at approximately $2,009,000. Finally, Jane Street Group LLC bought a new stake in shares of Hingham Institution for Savings during the first quarter valued at approximately $952,000. Institutional investors own 49.33% of the company’s stock.

Hingham Institution for Savings Trading Down 1.5%

Shares of HIFS stock opened at $267.10 on Wednesday. Hingham Institution for Savings has a 12-month low of $220.76 and a 12-month high of $337.99. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.31. The firm’s 50 day moving average is $283.62 and its 200 day moving average is $290.58. The stock has a market capitalization of $582.28 million, a P/E ratio of 11.71 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. Hingham Institution for Savings had a net margin of 21.17% and a return on equity of 8.06%. The company had revenue of $22.43 million for the quarter.

Hingham Institution for Savings Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 13th. Investors of record on Monday, May 4th will be issued a $0.63 dividend. The ex-dividend date is Monday, May 4th. This represents a $2.52 annualized dividend and a yield of 0.9%. Hingham Institution for Savings’s dividend payout ratio (DPR) is currently 11.05%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HIFS shares. Weiss Ratings raised shares of Hingham Institution for Savings from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd. Wall Street Zen downgraded shares of Hingham Institution for Savings from a “hold” rating to a “sell” rating in a research report on Saturday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Hingham Institution for Savings Company 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.