Hingham Institution for Savings $HIFS Holdings Increased by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its stake in Hingham Institution for Savings (NASDAQ:HIFS) by 78.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,795 shares of the savings and loans company’s stock after acquiring an additional 2,109 shares during the period. Quantinno Capital Management LP’s holdings in Hingham Institution for Savings were worth $1,371,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Parallel Advisors LLC increased its stake in shares of Hingham Institution for Savings by 46.3% during the first quarter. Parallel Advisors LLC now owns 139 shares of the savings and loans company’s stock valued at $40,000 after acquiring an additional 44 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in Hingham Institution for Savings in the third quarter worth approximately $41,000. Comerica Bank acquired a new stake in Hingham Institution for Savings in the fourth quarter worth approximately $43,000. Fifth Third Bancorp bought a new position in Hingham Institution for Savings during the 1st quarter valued at $44,000. Finally, Kestra Advisory Services LLC bought a new position in Hingham Institution for Savings during the 4th quarter valued at $85,000. 49.33% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen upgraded 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. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

Hingham Institution for Savings Price Performance

NASDAQ HIFS opened at $312.40 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 2.93. Hingham Institution for Savings has a 1 year low of $248.53 and a 1 year high of $337.99. The company has a market cap of $681.03 million, a PE ratio of 10.41 and a beta of 0.84. The stock’s 50-day moving average price is $294.73 and its two-hundred day moving average price is $291.35.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its earnings results on Friday, July 17th. The savings and loans company reported $4.82 EPS for the quarter. Hingham Institution for Savings had a net margin of 25.94% and a return on equity of 8.43%. The company had revenue of $42.92 million during the quarter.

Hingham Institution for Savings Announces Dividend

The company 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 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, August 3rd. Hingham Institution for Savings’s payout ratio 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.