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

Hingham Institution for Savings (NASDAQ:HIFS) announced its quarterly earnings results on Friday. The savings and loans company reported $1.01 earnings per share (EPS) for the quarter, reports. The firm 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 business has a fifty day moving average of $167.38 and a two-hundred day moving average of $173.92. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 4.15. The firm has a market cap of $355.09 million, a P/E ratio of 14.64 and a beta of 1.02. Hingham Institution for Savings has a twelve month low of $147.01 and a twelve month high of $235.15.

Institutional Trading of Hingham Institution for Savings

Hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC lifted its holdings in Hingham Institution for Savings by 19,340.0% during the fourth 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 period. Schwartz Investment Counsel Inc. increased its position in shares of Hingham Institution for Savings by 30.6% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 81,087 shares of the savings and loans company’s stock worth $15,763,000 after purchasing an additional 19,000 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Hingham Institution for Savings by 9.7% during the third quarter. Vanguard Group Inc. now owns 104,873 shares of the savings and loans company’s stock worth $19,585,000 after purchasing an additional 9,314 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of Hingham Institution for Savings during the fourth quarter worth $200,000. Finally, Hennessy Advisors Inc. increased its position in shares of Hingham Institution for Savings by 200.0% during the fourth quarter. Hennessy Advisors Inc. now owns 15,000 shares of the savings and loans company’s stock worth $2,916,000 after purchasing an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 49.33% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.