Maren Capital LLC Boosts Position in Hingham Institution for Savings (NASDAQ:HIFS)

Maren Capital LLC increased its position in shares of Hingham Institution for Savings (NASDAQ:HIFS) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 167,730 shares of the savings and loans company’s stock after acquiring an additional 4,843 shares during the quarter. Hingham Institution for Savings makes up about 3.3% of Maren Capital LLC’s portfolio, making the stock its 15th biggest holding. Maren Capital LLC owned approximately 7.80% of Hingham Institution for Savings worth $42,627,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Hingham Institution for Savings by 3.7% in the 4th quarter. Vanguard Group Inc. now owns 104,161 shares of the savings and loans company’s stock valued at $26,471,000 after buying an additional 3,717 shares during the period. State Street Corp grew its position in Hingham Institution for Savings by 40.1% in the third quarter. State Street Corp now owns 52,434 shares of the savings and loans company’s stock worth $12,758,000 after acquiring an additional 15,000 shares during the period. Geode Capital Management LLC increased its stake in Hingham Institution for Savings by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 40,107 shares of the savings and loans company’s stock worth $10,196,000 after acquiring an additional 517 shares during the last quarter. American Century Companies Inc. raised its position in Hingham Institution for Savings by 3.5% in the fourth quarter. American Century Companies Inc. now owns 13,365 shares of the savings and loans company’s stock valued at $3,397,000 after purchasing an additional 453 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Hingham Institution for Savings by 73.9% in the fourth quarter. JPMorgan Chase & Co. now owns 8,980 shares of the savings and loans company’s stock valued at $2,282,000 after purchasing an additional 3,817 shares during the period. 49.33% of the stock is currently owned by institutional investors and hedge funds.

Hingham Institution for Savings Stock Performance

NASDAQ:HIFS opened at $220.37 on Monday. Hingham Institution for Savings has a fifty-two week low of $160.00 and a fifty-two week high of $300.00. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.57 and a current ratio of 1.57. The company has a 50 day moving average price of $250.72 and a 200 day moving average price of $256.71. The stock has a market capitalization of $473.80 million, a P/E ratio of 17.18 and a beta of 0.99.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its quarterly earnings data on Friday, January 17th. The savings and loans company reported $2.16 earnings per share for the quarter. Hingham Institution for Savings had a return on equity of 2.95% and a net margin of 12.97%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Hingham Institution for Savings from a “sell” rating to a “hold” rating in a report on Saturday, February 22nd.

Hingham Institution for Savings Company Profile

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.