Maren Capital LLC Has $39.63 Million Position in Hingham Institution for Savings (NASDAQ:HIFS)

Maren Capital LLC raised its holdings in shares of Hingham Institution for Savings (NASDAQ:HIFS) by 4.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,887 shares of the savings and loans company’s stock after purchasing an additional 6,416 shares during the quarter. Hingham Institution for Savings makes up 3.3% of Maren Capital LLC’s holdings, making the stock its 15th biggest position. Maren Capital LLC owned about 7.58% of Hingham Institution for Savings worth $39,632,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Copeland Capital Management LLC bought a new stake in Hingham Institution for Savings in the 3rd quarter valued at $61,000. FMR LLC boosted its position in shares of Hingham Institution for Savings by 27.0% in the third quarter. FMR LLC now owns 419 shares of the savings and loans company’s stock valued at $102,000 after acquiring an additional 89 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Hingham Institution for Savings by 8.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,286 shares of the savings and loans company’s stock valued at $225,000 after acquiring an additional 101 shares in the last quarter. Quantbot Technologies LP increased its position in Hingham Institution for Savings by 49.1% during the third quarter. Quantbot Technologies LP now owns 950 shares of the savings and loans company’s stock worth $231,000 after acquiring an additional 313 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new stake in Hingham Institution for Savings in the 3rd quarter worth about $243,000. 49.33% of the stock is owned by institutional investors.

Hingham Institution for Savings Stock Performance

Shares of NASDAQ:HIFS opened at $279.00 on Wednesday. Hingham Institution for Savings has a 12-month low of $150.11 and a 12-month high of $300.00. The company’s 50 day moving average price is $262.87 and its two-hundred day moving average price is $229.18. The firm has a market cap of $599.01 million, a PE ratio of 26.42 and a beta of 1.01. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.63.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its quarterly earnings results on Friday, October 11th. The savings and loans company reported $1.44 earnings per share (EPS) for the quarter. The business had revenue of $15.21 million for the quarter. Hingham Institution for Savings had a return on equity of 2.27% and a net margin of 10.95%.

Hingham Institution for Savings Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, January 6th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Monday, January 6th. Hingham Institution for Savings’s dividend payout ratio (DPR) is presently 23.86%.

Hingham Institution for Savings Company Profile

Hingham Institution for Savings provides various financial products and services to individuals and small businesses in the United States. It offers savings, checking, money market, demand, and negotiable order of withdrawal accounts, as well as certificates of deposit. The company provides commercial and residential real estate, construction, home equity, commercial, consumer, and mortgage loans.