Maren Capital LLC Acquires 6,416 Shares of Hingham Institution for Savings (NASDAQ:HIFS)

Maren Capital LLC raised its holdings in Hingham Institution for Savings (NASDAQ:HIFS) by 4.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 162,887 shares of the savings and loans company’s stock after acquiring an additional 6,416 shares during the period. Hingham Institution for Savings comprises 3.3% of Maren Capital LLC’s holdings, making the stock its 15th biggest holding. Maren Capital LLC owned approximately 0.08% of Hingham Institution for Savings worth $39,632,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. American Century Companies Inc. boosted its holdings in shares of Hingham Institution for Savings by 35.4% during the 2nd quarter. American Century Companies Inc. now owns 12,369 shares of the savings and loans company’s stock valued at $2,213,000 after acquiring an additional 3,231 shares in the last quarter. Doma Perpetual Capital Management LLC boosted its stake in shares of Hingham Institution for Savings by 120.9% during the second quarter. Doma Perpetual Capital Management LLC now owns 85,568 shares of the savings and loans company’s stock valued at $15,306,000 after purchasing an additional 46,834 shares in the last quarter. Aptus Capital Advisors LLC grew its holdings in shares of Hingham Institution for Savings by 15.1% during the third quarter. Aptus Capital Advisors LLC now owns 14,347 shares of the savings and loans company’s stock worth $3,491,000 after purchasing an additional 1,886 shares during the last quarter. Price T Rowe Associates Inc. MD increased 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 buying an additional 101 shares during the period. Finally, AQR Capital Management LLC raised its holdings in Hingham Institution for Savings by 1.1% in the 2nd quarter. AQR Capital Management LLC now owns 4,719 shares of the savings and loans company’s stock valued at $844,000 after buying an additional 51 shares during the last quarter. Institutional investors and hedge funds own 49.33% of the company’s stock.

Hingham Institution for Savings Trading Down 2.6 %

HIFS opened at $279.00 on Wednesday. The company has a debt-to-equity ratio of 3.63, a current ratio of 1.57 and a quick ratio of 1.57. Hingham Institution for Savings has a fifty-two week low of $150.11 and a fifty-two week 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 capitalization of $599.01 million, a price-to-earnings ratio of 26.42 and a beta of 1.01.

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

Hingham Institution for Savings Dividend Announcement

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

About Hingham Institution for Savings

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.