HYNE (NASDAQ:HYNE) Announces Earnings Results

HYNE (NASDAQ:HYNE) announced its quarterly earnings results on Tuesday. The company reported $0.02 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $4.94 million for the quarter. HYNE had a return on equity of 0.18% and a net margin of 1.14%.

HYNE Stock Performance

NASDAQ:HYNE traded up $0.58 during mid-day trading on Tuesday, hitting $18.82. 24,489 shares of the stock were exchanged, compared to its average volume of 25,935. The firm’s 50-day simple moving average is $17.12 and its 200 day simple moving average is $15.99. HYNE has a fifty-two week low of $13.35 and a fifty-two week high of $19.29. The stock has a market capitalization of $152.44 million and a price-to-earnings ratio of -1,882.00.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded HYNE from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has an average rating of “Sell”.

Institutional Trading of HYNE

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Graham Capital Wealth Management LLC boosted its stake in shares of HYNE by 7.2% in the third quarter. Graham Capital Wealth Management LLC now owns 188,292 shares of the company’s stock valued at $3,126,000 after buying an additional 12,656 shares during the period. Northwestern Mutual Wealth Management Co. bought a new stake in shares of HYNE during the 2nd quarter valued at $50,000. Finally, Marquette Asset Management LLC bought a new stake in shares of HYNE during the 2nd quarter valued at $223,000.

HYNE Company Profile

Hoyne Bancorp Inc. focuses on operating as the bank holding company for Hoyne Savings Bank which provides various financial products and services. Hoyne Bancorp Inc. is based in Chicago, Illinois.