Hingham Institution for Savings (HIFS) Announces Earnings Results

Hingham Institution for Savings (NASDAQ:HIFS) issued its quarterly earnings data on Thursday. The savings and loans company reported $2.97 earnings per share for the quarter, Bloomberg Earnings reports. The firm had revenue of $16.41 million for the quarter.

Shares of Hingham Institution for Savings (HIFS) opened at 192.99 on Friday. The firm has a 50 day moving average price of $188.44 and a 200-day moving average price of $180.14. Hingham Institution for Savings has a 52-week low of $133.20 and a 52-week high of $203.01. The company has a market cap of $411.45 million, a price-to-earnings ratio of 16.86 and a beta of 0.73.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Monday, October 9th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Thursday, October 5th. This is a positive change from Hingham Institution for Savings’s previous quarterly dividend of $0.32. Hingham Institution for Savings’s payout ratio is 12.37%.

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Separately, ValuEngine upgraded Hingham Institution for Savings from a “hold” rating to a “buy” rating in a research report on Friday, June 16th.

About Hingham Institution for Savings

Hingham Institution for Savings (the Bank) is a Massachusetts-chartered savings bank (the Bank). The Bank is principally engaged in the business of residential and commercial real estate mortgage lending, funded by a retail deposit network and borrowings. The Bank provides a range of financial services to individuals and small businesses through its approximately 10 offices in Boston and southeastern Massachusetts.

Earnings History for Hingham Institution for Savings (NASDAQ:HIFS)

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