Hingham Institution for Savings (HIFS) Announces Quarterly Earnings Results
Hingham Institution for Savings (NASDAQ:HIFS) announced its quarterly earnings results on Thursday. The savings and loans company reported $2.97 earnings per share for the quarter, Bloomberg Earnings reports. The business had revenue of $16.09 million for the quarter.
Hingham Institution for Savings (NASDAQ:HIFS) remained flat at $184.30 during mid-day trading on Friday. 6 shares of the company traded hands. Hingham Institution for Savings has a 12 month low of $124.29 and a 12 month high of $203.01. The firm has a 50 day moving average of $177.28 and a 200 day moving average of $182.86. The firm has a market cap of $392.93 million, a PE ratio of 16.44 and a beta of 0.74.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 19th. Stockholders of record on Monday, July 10th will be paid a dividend of $0.32 per share. The ex-dividend date is Thursday, July 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.69%. Hingham Institution for Savings’s dividend payout ratio is currently 11.91%.
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Separately, ValuEngine upgraded shares of Hingham Institution for Savings from a “hold” rating to a “buy” rating in a research note 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.
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