26,759 Shares in Hingham Institution for Savings $HIFS Purchased by De Lisle Partners LLP

Key Points

• De Lisle Partners LLP acquired 26,759 HIFS shares worth approximately $8.2 million, giving it a 1.23% stake. Institutional investors collectively own 49.33% of Hingham Institution for Savings.
• HIFS shares opened at $297.42, with a market capitalization of $648.4 million and a 52-week range of $248.53 to $337.99. The bank reported quarterly EPS of $4.82 on revenue of $42.92 million.
• The company paid a quarterly dividend of $0.63 per share, equivalent to an annualized $2.52 and a 0.8% yield. Analyst sentiment improved, with ratings upgraded to “buy” and “hold,” while MarketBeat lists an overall “Buy” rating.

De Lisle Partners LLP bought a new position in Hingham Institution for Savings (NASDAQ:HIFS - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 26,759 shares of the savings and loans company's stock, valued at approximately $8,224,000. De Lisle Partners LLP owned about 1.23% of Hingham Institution for Savings as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Parallel Advisors LLC grew its holdings 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 worth $40,000 after purchasing an additional 44 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Hingham Institution for Savings in the third quarter valued at approximately $41,000. Comerica Bank bought a new stake in Hingham Institution for Savings during the fourth quarter valued at approximately $43,000. Fifth Third Bancorp bought a new stake in Hingham Institution for Savings during the first quarter valued at approximately $44,000. Finally, Kestra Advisory Services LLC purchased a new position in Hingham Institution for Savings in the 4th quarter worth approximately $85,000. Institutional investors own 49.33% of the company's stock.

Hingham Institution for Savings Trading Down 0.5%

Shares of HIFS opened at $297.42 on Friday. The firm has a market cap of $648.38 million, a price-to-earnings ratio of 9.91 and a beta of 0.84. The company has a debt-to-equity ratio of 2.93, a quick ratio of 1.64 and a current ratio of 1.64. Hingham Institution for Savings has a fifty-two week low of $248.53 and a fifty-two week high of $337.99. The firm has a 50 day moving average price of $296.30 and a 200-day moving average price of $291.47.

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last released its earnings results on Friday, July 17th. The savings and loans company reported $4.82 EPS for the quarter. The company 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 8.43%.

Hingham Institution for Savings Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 12th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend 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 8.39%.

Analyst Upgrades and Downgrades

A number of research firms recently commented 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 raised Hingham Institution for Savings from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy".

Hingham Institution for Savings Company 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.

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