Aptus Capital Advisors LLC Grows Stake in Hingham Institution for Savings $HIFS

Aptus Capital Advisors LLC lifted its stake in Hingham Institution for Savings (NASDAQ:HIFS) by 14.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,737 shares of the savings and loans company’s stock after buying an additional 3,217 shares during the period. Aptus Capital Advisors LLC owned approximately 1.15% of Hingham Institution for Savings worth $6,525,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of HIFS. AQR Capital Management LLC grew its position in Hingham Institution for Savings by 54.3% in the first quarter. AQR Capital Management LLC now owns 1,634 shares of the savings and loans company’s stock valued at $389,000 after acquiring an additional 575 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Hingham Institution for Savings by 8.5% in 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 purchasing an additional 75 shares during the period. Jane Street Group LLC purchased a new position in shares of Hingham Institution for Savings in the first quarter valued at $952,000. Geode Capital Management LLC grew its holdings in Hingham Institution for Savings by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 40,780 shares of the savings and loans company’s stock valued at $10,130,000 after purchasing an additional 117 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Hingham Institution for Savings by 23.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,358 shares of the savings and loans company’s stock valued at $337,000 after purchasing an additional 258 shares in the last quarter. Institutional investors and hedge funds own 49.33% of the company’s stock.

Hingham Institution for Savings Stock Performance

Hingham Institution for Savings stock opened at $272.00 on Friday. The company has a market cap of $592.96 million, a PE ratio of 10.99 and a beta of 1.02. The company has a debt-to-equity ratio of 3.31, a current ratio of 1.57 and a quick ratio of 1.57. Hingham Institution for Savings has a 12 month low of $209.71 and a 12 month high of $337.99. The company has a fifty day moving average price of $298.07 and a two-hundred day moving average price of $288.64.

Hingham Institution for Savings (NASDAQ:HIFS) last released its earnings results on Friday, January 16th. The savings and loans company reported $4.54 earnings per share for the quarter. Hingham Institution for Savings had a net margin of 23.04% and a return on equity of 7.16%. The firm had revenue of $35.02 million during the quarter.

Hingham Institution for Savings declared that its Board of Directors has approved a stock repurchase program on Friday, December 5th that authorizes the company to repurchase $20.00 million in shares. This repurchase authorization authorizes the savings and loans company to buy shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

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

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.