Royce & Associates LP Trims Holdings in Hingham Institution for Savings $HIFS

Royce & Associates LP reduced its stake in shares of Hingham Institution for Savings (NASDAQ:HIFS) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 107,030 shares of the savings and loans company’s stock after selling 5,743 shares during the quarter. Royce & Associates LP owned 4.91% of Hingham Institution for Savings worth $30,392,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. AQR Capital Management LLC increased its position in shares of Hingham Institution for Savings by 54.3% in the first quarter. AQR Capital Management LLC now owns 1,634 shares of the savings and loans company’s stock valued at $389,000 after buying an additional 575 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Hingham Institution for Savings by 8.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 961 shares of the savings and loans company’s stock worth $229,000 after buying an additional 75 shares during the last quarter. Jane Street Group LLC acquired a new position in Hingham Institution for Savings during the first quarter worth $952,000. JPMorgan Chase & Co. boosted its stake in Hingham Institution for Savings by 23.5% during the second quarter. JPMorgan Chase & Co. now owns 1,358 shares of the savings and loans company’s stock worth $337,000 after buying an additional 258 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in shares of Hingham Institution for Savings by 78.3% in the 2nd quarter. Sei Investments Co. now owns 1,594 shares of the savings and loans company’s stock valued at $396,000 after purchasing an additional 700 shares during the last quarter. 49.33% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on HIFS shares. Wall Street Zen cut Hingham Institution for Savings from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings raised Hingham Institution for Savings from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 23rd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy”.

Hingham Institution for Savings Price Performance

Shares of NASDAQ:HIFS opened at $284.87 on Tuesday. 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 52-week low of $220.76 and a 52-week high of $337.99. The stock’s fifty day simple moving average is $282.69 and its 200-day simple moving average is $289.16. The company has a market capitalization of $621.02 million, a P/E ratio of 12.49 and a beta of 0.85.

Hingham Institution for Savings (NASDAQ:HIFS) last released its earnings results on Friday, April 17th. The savings and loans company reported $4.79 EPS for the quarter. The firm had revenue of $22.43 million during the quarter. Hingham Institution for Savings had a return on equity of 8.06% and a net margin of 21.17%.

Hingham Institution for Savings Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Monday, May 4th were issued a $0.63 dividend. 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 currently 11.05%.

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.