Maren Capital LLC grew its stake in shares of Hingham Institution for Savings (NASDAQ:HIFS - Free Report) by 3.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 167,730 shares of the savings and loans company's stock after acquiring an additional 4,843 shares during the period. Hingham Institution for Savings comprises 3.3% of Maren Capital LLC's investment portfolio, making the stock its 15th biggest position. Maren Capital LLC owned approximately 7.80% of Hingham Institution for Savings worth $42,627,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Hingham Institution for Savings by 3.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,527 shares of the savings and loans company's stock worth $1,101,000 after acquiring an additional 137 shares in the last quarter. FMR LLC lifted its holdings in shares of Hingham Institution for Savings by 27.0% in the third quarter. FMR LLC now owns 419 shares of the savings and loans company's stock worth $102,000 after buying an additional 89 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Hingham Institution for Savings by 113.2% in the third quarter. BNP Paribas Financial Markets now owns 2,938 shares of the savings and loans company's stock valued at $715,000 after acquiring an additional 1,560 shares during the period. State Street Corp increased its holdings in Hingham Institution for Savings by 40.1% during the 3rd quarter. State Street Corp now owns 52,434 shares of the savings and loans company's stock worth $12,758,000 after acquiring an additional 15,000 shares during the period. Finally, Barclays PLC lifted its stake in Hingham Institution for Savings by 477.9% in the 3rd quarter. Barclays PLC now owns 3,063 shares of the savings and loans company's stock worth $746,000 after purchasing an additional 2,533 shares in the last quarter. Hedge funds and other institutional investors own 49.33% of the company's stock.
Hingham Institution for Savings Price Performance
Shares of NASDAQ HIFS traded up $1.26 during midday trading on Friday, hitting $220.20. 8,621 shares of the company's stock were exchanged, compared to its average volume of 15,036. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.63. The business's fifty day moving average price is $246.53 and its two-hundred day moving average price is $255.50. The company has a market cap of $473.43 million, a price-to-earnings ratio of 17.16 and a beta of 0.92. Hingham Institution for Savings has a 12-month low of $162.84 and a 12-month high of $300.00.
Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last issued its quarterly earnings results on Friday, April 11th. The savings and loans company reported $2.78 EPS for the quarter. Hingham Institution for Savings had a net margin of 12.97% and a return on equity of 2.95%. The firm had revenue of $17.59 million for the quarter.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded Hingham Institution for Savings from a "hold" rating to a "sell" rating in a research report on Tuesday.
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Hingham Institution for Savings Profile
(
Free Report)
Hingham Institution for Savings provides various financial products and services to individuals and small businesses in the United States. It offers savings, checking, money market, demand, and negotiable order of withdrawal accounts, as well as certificates of deposit. The company provides commercial and residential real estate, construction, home equity, commercial, consumer, and mortgage loans.
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