De Lisle Partners LLP bought a new position in Hingham Institution for Savings (NASDAQ:HIFS – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 26,759 shares of the savings and loans company’s stock, valued at approximately $8,224,000.
Several other hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC raised its holdings in Hingham Institution for Savings by 46.3% during the 1st quarter. Parallel Advisors LLC now owns 139 shares of the savings and loans company’s stock valued at $40,000 after buying an additional 44 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Hingham Institution for Savings by 0.7% in the 1st quarter. Bank of New York Mellon Corp now owns 7,014 shares of the savings and loans company’s stock worth $2,005,000 after acquiring an additional 51 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in Hingham Institution for Savings by 33.8% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 206 shares of the savings and loans company’s stock worth $58,000 after acquiring an additional 52 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in 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 worth $229,000 after acquiring an additional 75 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of Hingham Institution for Savings by 11.2% in the first quarter. Royal Bank of Canada now owns 793 shares of the savings and loans company’s stock valued at $226,000 after acquiring an additional 80 shares during the period. 49.33% of the stock is owned by hedge funds and other institutional investors.
Hingham Institution for Savings Price Performance
HIFS opened at $297.42 on Friday. The company has a debt-to-equity ratio of 2.93, a quick ratio of 1.64 and a current ratio of 1.64. Hingham Institution for Savings has a 52-week low of $248.53 and a 52-week high of $337.99. The stock has a market capitalization of $648.38 million, a PE ratio of 9.91 and a beta of 0.84. The stock’s 50 day moving average price is $296.30 and its 200-day moving average price is $291.47.
Hingham Institution for Savings Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Monday, August 3rd were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, August 3rd. Hingham Institution for Savings’s payout ratio is presently 8.39%.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on HIFS shares. Weiss Ratings raised shares of Hingham Institution for Savings from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Wall Street Zen raised Hingham Institution for Savings from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.
Check Out Our Latest Stock Analysis on HIFS
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.
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