Hingham Institution for Savings (NASDAQ:HIFS) Releases Quarterly Earnings Results

Hingham Institution for Savings (NASDAQ:HIFSGet Free Report) announced its quarterly earnings results 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%

NASDAQ:HIFS traded down $6.86 on Friday, reaching $295.14. The company’s stock had a trading volume of 56,134 shares, compared to its average volume of 47,190. Hingham Institution for Savings has a 12-month low of $235.17 and a 12-month high of $337.99. The stock has a 50 day moving average price of $288.07 and a 200 day moving average price of $290.65. The firm has a market cap of $643.41 million, a price-to-earnings ratio of 12.94 and a beta of 0.83. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 2.93.

Institutional Trading of Hingham Institution for Savings

Institutional investors and hedge funds have recently bought and sold shares of the stock. Susquehanna Fundamental Investments LLC acquired a new position in Hingham Institution for Savings in the fourth quarter valued at about $1,855,000. Balyasny Asset Management L.P. purchased a new stake in shares of Hingham Institution for Savings in the 4th quarter valued at approximately $200,000. AQR Capital Management LLC raised its stake in shares of Hingham Institution for Savings by 20.5% in the 4th quarter. AQR Capital Management LLC now owns 2,288 shares of the savings and loans company’s stock valued at $650,000 after acquiring an additional 389 shares during the period. Trexquant Investment LP acquired a new position in shares of Hingham Institution for Savings in the 4th quarter worth approximately $586,000. Finally, State of Wisconsin Investment Board boosted its position in shares of Hingham Institution for Savings by 24.3% during the 4th quarter. State of Wisconsin Investment Board now owns 4,088 shares of the savings and loans company’s stock worth $1,161,000 after purchasing an additional 800 shares during the period. 49.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently 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 report on Friday, June 12th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy”.

View Our Latest Research Report on Hingham Institution for Savings

About Hingham Institution for Savings

(Get Free Report)

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.

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

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