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

Hingham Institution for Savings (NASDAQ:HIFS) posted its earnings results on Friday. The savings and loans company reported $1.01 EPS for the quarter, reports. The business had revenue of $15.33 million during the quarter. Hingham Institution for Savings had a return on equity of 2.73% and a net margin of 12.38%.

Hingham Institution for Savings Stock Up 0.7 %

Hingham Institution for Savings stock opened at $165.16 on Monday. The firm has a market cap of $355.09 million, a price-to-earnings ratio of 14.64 and a beta of 1.02. Hingham Institution for Savings has a 12 month low of $147.01 and a 12 month high of $235.15. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 4.15. The stock has a fifty day simple moving average of $167.38 and a two-hundred day simple moving average of $173.92.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Hingham Institution for Savings to a “sell” rating in a report on Monday, April 8th.

Hedge Funds Weigh In On Hingham Institution for Savings

Institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC boosted its stake in shares of Hingham Institution for Savings by 19,340.0% in the 4th quarter. International Assets Investment Management LLC now owns 349,920 shares of the savings and loans company’s stock worth $68,024,000 after buying an additional 348,120 shares during the last quarter. Schwartz Investment Counsel Inc. boosted its stake in shares of Hingham Institution for Savings by 30.6% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 81,087 shares of the savings and loans company’s stock worth $15,763,000 after buying an additional 19,000 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Hingham Institution for Savings by 9.7% in the 3rd quarter. Vanguard Group Inc. now owns 104,873 shares of the savings and loans company’s stock worth $19,585,000 after buying an additional 9,314 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of Hingham Institution for Savings in the 4th quarter worth $200,000. Finally, Hennessy Advisors Inc. boosted its stake in shares of Hingham Institution for Savings by 200.0% in the 4th quarter. Hennessy Advisors Inc. now owns 15,000 shares of the savings and loans company’s stock worth $2,916,000 after buying an additional 10,000 shares during the last quarter. 49.33% of the stock is currently owned by hedge funds and other institutional investors.

Hingham Institution for Savings Company Profile

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.