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

Hingham Institution for Savings (NASDAQ:HIFS) issued its quarterly earnings data on Friday. The savings and loans company reported $4.82 earnings per share for the quarter, Zacks reports. Hingham Institution for Savings had a net margin of 21.17% and a return on equity of 7.89%.

Hingham Institution for Savings Trading Down 2.3%

HIFS opened at $295.14 on Friday. The company has a fifty day moving average of $288.30 and a 200-day moving average of $290.68. Hingham Institution for Savings has a twelve month low of $235.17 and a twelve month high of $337.99. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.93. The stock has a market cap of $644.00 million, a PE ratio of 12.94 and a beta of 0.83.

Institutional Investors Weigh In On Hingham Institution for Savings

A number of large investors have recently bought and sold shares of HIFS. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Hingham Institution for Savings in the 3rd quarter worth about $41,000. Kestra Advisory Services LLC acquired a new position in Hingham Institution for Savings during the 4th quarter valued at about $85,000. Balyasny Asset Management L.P. bought a new stake in Hingham Institution for Savings during the 4th quarter worth approximately $200,000. Inceptionr LLC purchased a new stake in shares of Hingham Institution for Savings in the third quarter worth approximately $202,000. Finally, Entropy Technologies LP purchased a new stake in shares of Hingham Institution for Savings in the third quarter worth approximately $211,000. 49.33% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HIFS. Wall Street Zen upgraded shares of Hingham Institution for Savings from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 12th. Weiss Ratings upgraded shares of Hingham Institution for Savings from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, June 12th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Hingham Institution for Savings has a consensus rating of “Buy”.

About Hingham Institution for Savings

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.