14,000 Shares in Hingham Institution for Savings $HIFS Bought by Bessemer Group Inc.

Bessemer Group Inc. acquired a new stake in Hingham Institution for Savings (NASDAQ:HIFS) during the first quarter, according to its most recent filing with the SEC. The firm acquired 14,000 shares of the savings and loans company’s stock, valued at approximately $4,002,000.

Several other institutional investors also recently bought and sold shares of the company. RFG Bristol Wealth Advisors LLC raised its position in Hingham Institution for Savings by 17.1% during the 1st quarter. RFG Bristol Wealth Advisors LLC now owns 3,001 shares of the savings and loans company’s stock worth $858,000 after buying an additional 439 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Hingham Institution for Savings by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 7,014 shares of the savings and loans company’s stock valued at $2,005,000 after acquiring an additional 51 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of Hingham Institution for Savings during the first quarter worth about $44,000. Caitong International Asset Management Co. Ltd increased its stake in shares of Hingham Institution for Savings by 176.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the savings and loans company’s stock worth $121,000 after acquiring an additional 272 shares during the period. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Hingham Institution for Savings during the fourth quarter worth about $1,855,000. 49.33% of the stock is owned by institutional investors and hedge funds.

Hingham Institution for Savings Price Performance

Hingham Institution for Savings stock opened at $291.63 on Tuesday. The company has a market cap of $636.34 million, a P/E ratio of 9.71 and a beta of 0.83. Hingham Institution for Savings has a one year low of $235.17 and a one year high of $337.99. The business has a fifty day moving average of $288.70 and a two-hundred day moving average of $290.82. 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 (NASDAQ:HIFS) last posted its quarterly earnings results on Friday, July 17th. The savings and loans company reported $4.82 earnings per share for the quarter. Hingham Institution for Savings had a net margin of 25.94% and a return on equity of 8.43%. The business had revenue of $42.92 million for the quarter.

Hingham Institution for Savings Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 12th. Investors of record on Monday, August 3rd will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $2.52 dividend on an annualized basis and a yield of 0.9%. Hingham Institution for Savings’s payout ratio is currently 8.39%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HIFS shares. Wall Street Zen upgraded shares of Hingham Institution for Savings from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 12th. Weiss Ratings upgraded Hingham Institution for Savings from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Hingham Institution for Savings currently has a consensus rating of “Buy”.

Hingham Institution for Savings 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.