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

Hingham Institution for Savings (NASDAQ:HIFS) posted its earnings results on Friday. The savings and loans company reported $2.16 EPS for the quarter, Zacks reports. Hingham Institution for Savings had a net margin of 10.95% and a return on equity of 2.27%.

Hingham Institution for Savings Stock Up 0.7 %

HIFS stock traded up $1.62 during trading on Friday, reaching $241.80. 13,359 shares of the company traded hands, compared to its average volume of 16,347. The business has a 50 day simple moving average of $267.46 and a 200 day simple moving average of $247.82. Hingham Institution for Savings has a 12 month low of $150.11 and a 12 month high of $300.00. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market capitalization of $519.87 million, a price-to-earnings ratio of 22.90 and a beta of 1.02.

Hingham Institution for Savings Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, January 6th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Monday, January 6th. Hingham Institution for Savings’s payout ratio is 23.86%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Hingham Institution for Savings from a “sell” rating to a “hold” rating in a research note on Monday.

About Hingham Institution for Savings

Hingham Institution for Savings provides various financial products and services to individuals and small businesses in the United States. It offers savings, checking, money market, demand, and negotiable order of withdrawal accounts, as well as certificates of deposit. The company provides commercial and residential real estate, construction, home equity, commercial, consumer, and mortgage loans.