Corient Private Wealth LP Invests $1.05 Million in Hingham Institution for Savings $HIFS

Corient Private Wealth LP bought a new stake in shares of Hingham Institution for Savings (NASDAQ:HIFS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,406 shares of the savings and loans company’s stock, valued at approximately $1,046,000.

Several other institutional investors have also recently made changes to their positions in HIFS. Maren Capital LLC raised its position in 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 worth $59,251,000 after acquiring an additional 3,726 shares during the period. BlackRock Inc. purchased a new stake in shares of Hingham Institution for Savings during the second quarter worth about $47,163,000. UBS Group AG raised its position in shares of 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 valued at $18,464,000 after buying an additional 9,493 shares during the last quarter. Geode Capital Management LLC increased its holdings in Hingham Institution for Savings by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 44,157 shares of the savings and loans company’s stock valued at $12,542,000 after acquiring an additional 1,113 shares during the last quarter. Finally, Two Sigma Investments LP lifted 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 worth $7,175,000 after buying an additional 16,360 shares in the last quarter. Institutional investors own 49.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Weiss Ratings upgraded Hingham Institution for Savings from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded shares of Hingham Institution for Savings from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Hingham Institution for Savings Trading Up 3.6%

Shares of NASDAQ HIFS opened at $307.99 on Friday. Hingham Institution for Savings has a fifty-two week low of $248.53 and a fifty-two week high of $337.99. The company has a debt-to-equity ratio of 2.77, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market cap of $671.42 million, a price-to-earnings ratio of 10.26 and a beta of 0.83. The business’s 50 day moving average price is $297.51 and its 200-day moving average price is $290.16.

Hingham Institution for Savings (NASDAQ:HIFS) last posted its quarterly earnings results on Wednesday, August 5th. The savings and loans company reported $4.82 EPS for the quarter. The firm had revenue of $42.92 million for the quarter. Hingham Institution for Savings had a net margin of 25.94% and a return on equity of 8.22%.

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 issued 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 dividend payout ratio (DPR) is presently 8.39%.

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.