NEW YORK ( TheStreet) -- Hingham Institution Savings (Nasdaq: HIFS) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and expanding profit margins. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good.

Highlights from the ratings report include:
  • The revenue growth came in higher than the industry average of 12.3%. Since the same quarter one year prior, revenues slightly increased by 5.3%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. In comparison to the other companies in the Thrifts & Mortgage Finance industry and the overall market, HINGHAM INSTN FOR SAVINGS's return on equity significantly exceeds that of the industry average and is above that of the S&P 500.
  • HINGHAM INSTN FOR SAVINGS has improved earnings per share by 22.8% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. During the past fiscal year, HINGHAM INSTN FOR SAVINGS increased its bottom line by earning $4.82 versus $3.79 in the prior year.
  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and greatly outperformed compared to the Thrifts & Mortgage Finance industry average. The net income increased by 22.6% when compared to the same quarter one year prior, going from $2.42 million to $2.97 million.

Hingham Institution for Savings provides various financial services to individuals and small businesses in Massachusetts. The company offers various deposit products, which include checking, savings, term certificates, NOW, money market, demand deposit, and individual retirement accounts. The company has a P/E ratio of 15.2, above the average banking industry P/E ratio of 9.8 and below the S&P 500 P/E ratio of 17.7. Hingham Institution Savings has a market cap of $99.7 million and is part of the financial sector and banking industry. Shares are up 4.5% year to date as of the close of trading on Wednesday.

You can view the full Hingham Institution Savings Ratings Report or get investment ideas from our investment research center.
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