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

Hingham Institution for Savings (NASDAQ:HIFS) released its quarterly earnings results 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 Price Performance

NASDAQ HIFS opened at $241.80 on Friday. The stock has a market capitalization of $519.87 million, a P/E 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 business’s fifty day moving average is $265.69 and its two-hundred day moving average is $248.19. The company has a debt-to-equity ratio of 3.63, a quick ratio of 1.57 and a current ratio of 1.57.

Hingham Institution for Savings Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised Hingham Institution for Savings from a “sell” rating to a “hold” rating in a report on Monday, January 13th.

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.