Hingham Institution for Savings (NASDAQ:HIFS) Shares Purchased by Maren Capital LLC

Maren Capital LLC increased its stake in shares of Hingham Institution for Savings (NASDAQ:HIFS - Free Report) by 4.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,887 shares of the savings and loans company's stock after buying an additional 6,416 shares during the quarter. Hingham Institution for Savings comprises approximately 3.3% of Maren Capital LLC's investment portfolio, making the stock its 15th biggest holding. Maren Capital LLC owned 7.58% of Hingham Institution for Savings worth $39,632,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Copeland Capital Management LLC purchased a new stake in Hingham Institution for Savings in the third quarter valued at $61,000. FMR LLC boosted its holdings in 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 valued at $102,000 after purchasing an additional 89 shares during the last quarter. Quantbot Technologies LP boosted its holdings in Hingham Institution for Savings by 49.1% in the third quarter. Quantbot Technologies LP now owns 950 shares of the savings and loans company's stock valued at $231,000 after purchasing an additional 313 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Hingham Institution for Savings in the third quarter valued at $243,000. Finally, SG Americas Securities LLC purchased a new stake in Hingham Institution for Savings in the third quarter valued at $248,000. 49.33% of the stock is owned by hedge funds and other institutional investors.

Hingham Institution for Savings Stock Performance

NASDAQ:HIFS traded up $5.39 during mid-day trading on Wednesday, hitting $284.39. The company's stock had a trading volume of 11,435 shares, compared to its average volume of 15,535. The business's fifty day moving average is $262.87 and its two-hundred day moving average is $229.18. The stock has a market cap of $610.59 million, a price-to-earnings ratio of 26.42 and a beta of 1.01. Hingham Institution for Savings has a 1 year low of $150.11 and a 1 year high of $300.00. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.57 and a quick ratio of 1.57.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last issued its quarterly earnings data on Friday, October 11th. The savings and loans company reported $1.44 earnings per share for the quarter. The business had revenue of $15.21 million during the quarter. Hingham Institution for Savings had a net margin of 10.95% and a return on equity of 2.27%.

Hingham Institution for Savings Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, January 6th will be given a $0.63 dividend. The ex-dividend date is Monday, January 6th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.89%. Hingham Institution for Savings's dividend payout ratio (DPR) is currently 23.86%.

Hingham Institution for Savings Company Profile

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.