Royce & Associates LP Has $29.75 Million Holdings in Hingham Institution for Savings $HIFS

Royce & Associates LP decreased its holdings in shares of Hingham Institution for Savings (NASDAQ:HIFS) by 2.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 112,773 shares of the savings and loans company’s stock after selling 2,500 shares during the period. Royce & Associates LP owned 0.05% of Hingham Institution for Savings worth $29,747,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. RWA Wealth Partners LLC acquired a new stake in Hingham Institution for Savings in the 3rd quarter valued at $204,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Hingham Institution for Savings in the 3rd quarter valued at about $211,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Hingham Institution for Savings by 8.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 961 shares of the savings and loans company’s stock valued at $229,000 after acquiring an additional 75 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Hingham Institution for Savings by 103.5% during the second quarter. BNP Paribas Financial Markets now owns 1,162 shares of the savings and loans company’s stock valued at $289,000 after purchasing an additional 591 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Hingham Institution for Savings by 23.5% in the second quarter. JPMorgan Chase & Co. now owns 1,358 shares of the savings and loans company’s stock valued at $337,000 after purchasing an additional 258 shares in the last quarter. Institutional investors own 49.33% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Hingham Institution for Savings in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Hingham Institution for Savings Stock Performance

HIFS opened at $279.12 on Monday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.31. Hingham Institution for Savings has a 12-month low of $209.71 and a 12-month high of $337.99. The business has a 50 day moving average of $299.77 and a 200-day moving average of $288.15. The stock has a market cap of $609.04 million, a price-to-earnings ratio of 11.27 and a beta of 1.02.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its quarterly earnings results on Friday, January 16th. The savings and loans company reported $4.54 earnings per share for the quarter. Hingham Institution for Savings had a return on equity of 7.16% and a net margin of 23.04%.The business had revenue of $35.02 million for the quarter.

Hingham Institution for Savings announced that its Board of Directors has approved a stock repurchase program on Friday, December 5th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the savings and loans company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

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.