HYNE (NASDAQ:HYNE) Posts Quarterly Earnings Results

HYNE (NASDAQ:HYNE) posted its earnings results on Tuesday. The company reported $0.02 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $4.94 million during the quarter. HYNE had a net margin of 1.14% and a return on equity of 0.18%.

HYNE Price Performance

Shares of HYNE traded down $0.23 on Wednesday, reaching $18.59. 3,485 shares of the stock traded hands, compared to its average volume of 25,860. The firm has a market cap of $150.62 million and a price-to-earnings ratio of -1,859.50. The stock’s 50-day moving average price is $17.16 and its 200-day moving average price is $16.01. HYNE has a 12 month low of $13.35 and a 12 month high of $19.29.

Hedge Funds Weigh In On HYNE

Hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. bought a new stake in HYNE during the 2nd quarter worth approximately $50,000. Marquette Asset Management LLC bought a new stake in shares of HYNE during the second quarter worth approximately $223,000. Finally, Graham Capital Wealth Management LLC lifted its stake in shares of HYNE by 7.2% in the 3rd quarter. Graham Capital Wealth Management LLC now owns 188,292 shares of the company’s stock valued at $3,126,000 after purchasing an additional 12,656 shares during the period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised HYNE from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.

About HYNE

Hoyne Bancorp Inc. focuses on operating as the bank holding company for Hoyne Savings Bank which provides various financial products and services. Hoyne Bancorp Inc. is based in Chicago, Illinois.