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

Hingham Institution for Savings (NASDAQ:HIFS) issued its quarterly earnings results on Friday. The savings and loans company reported $5.37 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 Performance

Shares of NASDAQ HIFS traded down $0.47 during trading on Friday, reaching $293.48. 34,731 shares of the company traded hands, compared to its average volume of 46,150. The firm has a 50 day simple moving average of $298.83 and a 200-day simple moving average of $292.71. Hingham Institution for Savings has a 52-week low of $249.58 and a 52-week high of $337.99. The stock has a market capitalization of $639.79 million, a PE ratio of 9.78 and a beta of 0.87. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 2.77.

Analysts Set New Price Targets

HIFS has been the topic of several analyst reports. Wall Street Zen raised Hingham Institution for Savings from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings raised shares of Hingham Institution for Savings from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock 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.