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

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

Hingham Institution for Savings Stock Down 0.2%

NASDAQ HIFS opened at $293.48 on Friday. Hingham Institution for Savings has a 12 month low of $249.58 and a 12 month high of $337.99. 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 stock has a market cap of $640.37 million, a PE ratio of 10.52 and a beta of 0.87. The stock’s 50 day moving average is $298.66 and its 200 day moving average is $292.72.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HIFS. Weiss Ratings upgraded shares of Hingham Institution for Savings from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded Hingham Institution for Savings from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Hingham Institution for Savings Company Profile

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.