Hingham Institution for Savings (NASDAQ:HIFS) Posts Quarterly Earnings Results

Hingham Institution for Savings (NASDAQ:HIFS) issued its quarterly earnings results on Friday. The savings and loans company reported $5.37 earnings per share for the quarter, Zacks reports. Hingham Institution for Savings had a net margin of 25.94% and a return on equity of 8.24%. The business had revenue of $25.37 million for the quarter.

Hingham Institution for Savings Stock Down 0.2%

Shares of HIFS traded down $0.47 during midday trading on Friday, reaching $293.48. 34,752 shares of the stock were exchanged, compared to its average volume of 38,603. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 2.77. The company’s 50 day moving average is $298.66 and its two-hundred day moving average is $292.72. Hingham Institution for Savings has a 52 week low of $249.58 and a 52 week high of $337.99. The company has a market capitalization of $639.79 million, a P/E ratio of 9.78 and a beta of 0.87.

Analyst Upgrades and Downgrades

Several research firms recently issued reports 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 analyst has rated the stock with a Buy rating. According to MarketBeat, the company presently has an average rating of “Buy”.

About Hingham Institution for Savings

Hingham Institution for Savings is a Massachusetts-chartered savings bank headquartered in Hingham, Massachusetts. Founded in 1834, the bank has a long history of serving individuals, families, businesses and nonprofit organizations in southeastern Massachusetts and the greater Boston area.

Hingham Institution for Savings offers deposit products such as checking and savings accounts, certificates of deposit and retirement accounts, along with online and mobile banking services. Its lending activities include residential mortgages, home equity loans, commercial real estate financing, construction loans and other commercial credit products.

The bank operates through branches and lending offices in communities including Hingham, Cohasset, Nantucket and other areas of Massachusetts.