Maren Capital LLC Lowers Holdings in Hingham Institution for Savings $HIFS

Key Points

• Maren Capital reduced its Hingham Institution for Savings stake by 6.5%, selling 13,424 shares and retaining 193,531 shares valued at approximately $59.4 million, or 8.88% of HIFS.
• Institutional interest remains strong, with BlackRock and several other investors initiating or expanding positions; institutions collectively own 49.33% of the company.
• HIFS reported quarterly EPS of $4.82 on $42.92 million in revenue, while analysts maintained a generally positive outlook and the bank declared a quarterly dividend of $0.63, yielding about 0.8% annually.

Maren Capital LLC trimmed its holdings in Hingham Institution for Savings (NASDAQ:HIFS - Free Report) by 6.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 193,531 shares of the savings and loans company's stock after selling 13,424 shares during the quarter. Hingham Institution for Savings makes up approximately 2.8% of Maren Capital LLC's holdings, making the stock its 14th biggest position. Maren Capital LLC owned 8.88% of Hingham Institution for Savings worth $59,443,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of Hingham Institution for Savings during the second quarter worth $47,163,000. De Lisle Partners LLP bought a new stake in Hingham Institution for Savings in the 2nd quarter valued at $8,224,000. Two Sigma Investments LP increased its holdings in Hingham Institution for Savings by 150.9% in the 3rd quarter. Two Sigma Investments LP now owns 27,199 shares of the savings and loans company's stock valued at $7,175,000 after acquiring an additional 16,360 shares during the last quarter. Mission Wealth Management LP purchased a new stake in Hingham Institution for Savings in the 4th quarter worth $4,222,000. Finally, Bessemer Group Inc. purchased a new stake in Hingham Institution for Savings in the 1st quarter worth $4,002,000. Institutional investors own 49.33% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HIFS. 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 Hingham Institution for Savings from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy".

Hingham Institution for Savings Trading Up 3.6%

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

Hingham Institution for Savings (NASDAQ:HIFS - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. 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 8.22%. The business had revenue of $42.92 million during the quarter.

Hingham Institution for Savings Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 12th. Investors of record on Monday, August 3rd were given a $0.63 dividend. The ex-dividend date was Monday, August 3rd. This represents a $2.52 annualized dividend and a yield of 0.8%. Hingham Institution for Savings's dividend payout ratio (DPR) is currently 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.

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