Quantbot Technologies LP Invests $722,000 in Hingham Institution for Savings $HIFS

Quantbot Technologies LP purchased a new position in Hingham Institution for Savings (NASDAQ:HIFS) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,351 shares of the savings and loans company’s stock, valued at approximately $722,000. Quantbot Technologies LP owned 0.11% of Hingham Institution for Savings at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Maren Capital LLC increased its position in shares of Hingham Institution for Savings by 1.8% in the fourth quarter. Maren Capital LLC now owns 208,659 shares of the savings and loans company’s stock valued at $59,251,000 after buying an additional 3,726 shares in the last quarter. BlackRock Inc. purchased a new position in Hingham Institution for Savings during the 2nd quarter valued at about $47,163,000. UBS Group AG raised its position in Hingham Institution for Savings by 15.7% during the third quarter. UBS Group AG now owns 69,998 shares of the savings and loans company’s stock worth $18,464,000 after acquiring an additional 9,493 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Hingham Institution for Savings by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 44,157 shares of the savings and loans company’s stock valued at $12,542,000 after purchasing an additional 1,113 shares in the last quarter. Finally, Two Sigma Investments LP grew its position in shares of Hingham Institution for Savings by 150.9% in the third quarter. Two Sigma Investments LP now owns 27,199 shares of the savings and loans company’s stock valued at $7,175,000 after purchasing an additional 16,360 shares during the last quarter. 49.33% of the stock is currently owned by hedge funds and other institutional investors.

Hingham Institution for Savings Stock Down 0.4%

HIFS stock opened at $300.17 on Thursday. The company has a 50 day moving average price of $297.23 and a two-hundred day moving average price of $290.90. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.64 and a current ratio of 1.49. The stock has a market capitalization of $654.37 million, a P/E ratio of 10.00 and a beta of 0.84. Hingham Institution for Savings has a one year low of $248.53 and a one year high of $337.99.

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

Hingham Institution for Savings Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Monday, August 3rd were paid a $0.63 dividend. 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 dividend payout ratio (DPR) is presently 8.39%.

Analyst Ratings Changes

A number of research firms recently issued reports on HIFS. 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. Wall Street Zen upgraded Hingham Institution for Savings from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Hingham Institution for Savings 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.