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

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

Hingham Institution for Savings Stock Down 0.2%

NASDAQ HIFS traded down $0.47 during trading on Friday, reaching $293.48. The company’s stock had a trading volume of 33,393 shares, compared to its average volume of 46,117. The stock has a market capitalization of $639.79 million, a PE ratio of 9.78 and a beta of 0.87. Hingham Institution for Savings has a 1-year low of $249.58 and a 1-year high of $337.99. The business has a 50-day moving average price of $298.83 and a 200-day moving average price of $292.71. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 2.77.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. 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 raised Hingham Institution for Savings from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat, Hingham Institution for Savings has a consensus 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.