2,351 Shares in Hingham Institution for Savings $HIFS Acquired by Quantbot Technologies LP

Quantbot Technologies LP purchased a new position in shares of Hingham Institution for Savings (NASDAQ:HIFS) during the second quarter, HoldingsChannel.com reports. The fund purchased 2,351 shares of the savings and loans company’s stock, valued at approximately $722,000.

A number of other hedge funds also recently made changes to their positions in the stock. Parallel Advisors LLC grew its stake in shares of 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 period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Hingham Institution for Savings during the 3rd quarter worth $41,000. Comerica Bank purchased a new position in shares of Hingham Institution for Savings in the 4th quarter worth $43,000. Fifth Third Bancorp acquired a new position in Hingham Institution for Savings in the first quarter valued at $44,000. Finally, Kestra Advisory Services LLC acquired a new position in Hingham Institution for Savings in the fourth quarter valued at $85,000. Institutional investors and hedge funds own 49.33% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on HIFS. Wall Street Zen raised Hingham Institution for Savings from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings raised Hingham Institution for Savings from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Hingham Institution for Savings currently has an average rating of “Buy”.

Hingham Institution for Savings Stock Down 0.4%

Shares of NASDAQ HIFS opened at $300.17 on Thursday. Hingham Institution for Savings has a 12-month low of $248.53 and a 12-month high of $337.99. The company has a market cap of $654.37 million, a P/E ratio of 10.00 and a beta of 0.84. The company has a current ratio of 1.49, a quick ratio of 1.64 and a debt-to-equity ratio of 2.77. The stock has a fifty day moving average price of $297.23 and a 200 day moving average price of $290.90.

Hingham Institution for Savings (NASDAQ:HIFS) last released its quarterly earnings data on Friday, July 17th. The savings and loans company reported $4.82 EPS for the quarter. The company had revenue of $42.92 million for the quarter. Hingham Institution for Savings had a return on equity of 8.22% and a net margin of 25.94%.

Hingham Institution for Savings Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Monday, August 3rd were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, August 3rd. Hingham Institution for Savings’s dividend payout ratio (DPR) is presently 8.39%.

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.