Hingham Institution for Savings Releases Earnings

Hingham Institution for Savings released its quarterly earning last week and reported a growth from Q1 to Q2. 

The bank, which has various locations across the state including two in Hingham, reported the Net income for the quarter was $3,275,000 or $1.54 per share, compared to $3,205,000 or $1.51 per share in earnings for the first quarter of 2013, according to MarketWatch.com.

The bank's deposits increased by $21.9 million from December 31, 2012 and $64.9 million from June 30, 2012, representing a 5 percent annualized growth year to date and 8 percent from June 30, 2012, according to MarketWatch.com.

Their net loans also increased by $41.2 million from December 31, 2012 and $107.6 million from June 30, 2012,according to MarketWatch.com.

The Hingham bank has a 52 week low of $57.69 and a 52 week high of $82.34. The stock’s 50-day moving average is currently $64.71, according to dailypolitical.com.

For more on the bank's earnings, read the story on MarketWatch.com.