Hingham Institution for Savings (NASDAQ: HIFS) has reported earnings for its first fiscal quarter (ending March 31) of $3.17 versus $3.96 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $11.47 versus $15.92 for the same period a year ago.
Recent Price Action
On 4/12/24, Hingham Institution for Savings (NASDAQ: HIFS) stock rose modestly by 0.7%, closing at $165.16. Moreover, this advance was accompanied by above average trading volume at 124% of normal. The stock has declined -3.6% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, HIFS is expected to continue to be Value Creation neutral.
Hingham Institution for Savings has a current Value Trend Rating of C (Low Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Hingham Institution for Savings has a neutral Appreciation Score of 60 and a slightly negative Power Rating of 37, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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