Aristides Capital LLC Has $791,000 Holdings in Hingham Institution for Savings $HIFS

Aristides Capital LLC decreased its position in shares of Hingham Institution for Savings (NASDAQ:HIFS) by 47.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,000 shares of the savings and loans company’s stock after selling 2,704 shares during the quarter. Aristides Capital LLC’s holdings in Hingham Institution for Savings were worth $791,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Rhumbline Advisers increased its stake in Hingham Institution for Savings by 1.7% during the 3rd quarter. Rhumbline Advisers now owns 2,265 shares of the savings and loans company’s stock valued at $597,000 after purchasing an additional 38 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Hingham Institution for Savings by 8.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 961 shares of the savings and loans company’s stock valued at $229,000 after buying an additional 75 shares during the last quarter. Anchor Capital Advisors LLC increased its position in shares of Hingham Institution for Savings by 1.6% during the third quarter. Anchor Capital Advisors LLC now owns 5,374 shares of the savings and loans company’s stock worth $1,418,000 after acquiring an additional 85 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Hingham Institution for Savings by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 40,780 shares of the savings and loans company’s stock worth $10,130,000 after acquiring an additional 117 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Hingham Institution for Savings by 23.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,358 shares of the savings and loans company’s stock worth $337,000 after acquiring an additional 258 shares during the last quarter. 49.33% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Hingham Institution for Savings in a research note on Thursday, January 22nd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Hingham Institution for Savings Price Performance

HIFS opened at $274.38 on Friday. Hingham Institution for Savings has a fifty-two week low of $209.71 and a fifty-two week high of $337.99. The firm has a 50-day moving average of $297.58 and a 200 day moving average of $288.71. The company has a debt-to-equity ratio of 3.31, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market cap of $598.15 million, a P/E ratio of 11.08 and a beta of 1.02.

Hingham Institution for Savings (NASDAQ:HIFS) last announced its quarterly earnings data on Friday, January 16th. The savings and loans company reported $4.54 EPS for the quarter. Hingham Institution for Savings had a net margin of 23.04% and a return on equity of 7.16%. The business had revenue of $35.02 million for the quarter.

Hingham Institution for Savings declared that its board has approved a stock repurchase plan on Friday, December 5th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the savings and loans company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

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.