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

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

Hingham Institution for Savings Trading Up 0.7 %

NASDAQ HIFS traded up $1.62 on Friday, hitting $241.80. The company’s stock had a trading volume of 13,359 shares, compared to its average volume of 16,157. The company’s 50-day moving average is $267.46 and its 200 day moving average is $247.82. The firm has a market cap of $519.87 million, a PE ratio of 22.90 and a beta of 1.02. Hingham Institution for Savings has a 1-year low of $150.11 and a 1-year high of $300.00. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.63.

Hingham Institution for Savings Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, January 6th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Monday, January 6th. Hingham Institution for Savings’s payout ratio is 23.86%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised 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.