14,870 Shares in Hingham Institution for Savings $HIFS Acquired by Mission Wealth Management LP

Mission Wealth Management LP purchased a new position in shares of Hingham Institution for Savings (NASDAQ:HIFS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,870 shares of the savings and loans company’s stock, valued at approximately $4,222,000. Mission Wealth Management LP owned approximately 0.68% of Hingham Institution for Savings as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HIFS. Rhumbline Advisers raised its position in shares of Hingham Institution for Savings by 1.7% in the 3rd quarter. Rhumbline Advisers now owns 2,265 shares of the savings and loans company’s stock valued at $597,000 after purchasing an additional 38 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Hingham Institution for Savings by 8.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 961 shares of the savings and loans company’s stock valued at $229,000 after purchasing an additional 75 shares in the last quarter. Anchor Capital Advisors LLC raised its position in shares of Hingham Institution for Savings by 1.6% in the 3rd quarter. Anchor Capital Advisors LLC now owns 5,374 shares of the savings and loans company’s stock valued at $1,418,000 after purchasing an additional 85 shares in the last quarter. Comerica Bank acquired a new position in shares of Hingham Institution for Savings in the 4th quarter valued at approximately $43,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Hingham Institution for Savings in the 3rd quarter valued at approximately $41,000. 49.33% of the stock is owned by institutional investors and hedge funds.

Hingham Institution for Savings Stock Performance

HIFS stock opened at $266.84 on Tuesday. 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 has a market cap of $581.71 million, a P/E ratio of 11.70 and a beta of 0.85. Hingham Institution for Savings has a 12-month low of $220.76 and a 12-month high of $337.99. The stock’s 50 day simple moving average is $282.31 and its 200 day simple moving average is $289.55.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its quarterly earnings results on Friday, April 17th. The savings and loans company reported $4.79 earnings per share (EPS) for the quarter. The business had revenue of $22.43 million for 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 13th. Investors of record on Monday, May 4th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, May 4th. Hingham Institution for Savings’s dividend payout ratio is currently 11.05%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Weiss Ratings raised shares of Hingham Institution for Savings from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 23rd. Wall Street Zen lowered shares of Hingham Institution for Savings from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

About Hingham Institution for Savings

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.