Hingham Institution for Savings

NasdaqGM:HIFS Lagerbericht

Marktkapitalisierung: US$648.8m

Hingham Institution for Savings Management

Management Kriterienprüfungen 4/4

Hingham Institution for Savings CEO ist Robert Gaughen , ernannt in Apr 1993, hat eine Amtszeit von 33.25 Jahren. Die jährliche Gesamtvergütung beträgt $1.60M , bestehend aus 97.9% Gehalt und 2.1% Boni, einschließlich Aktien und Optionen des Unternehmens. besitzt direkt 2.35% der Aktien des Unternehmens, im Wert von $15.23M . Die durchschnittliche Betriebszugehörigkeit des Managementteams und des Verwaltungsrats beträgt 8.3 Jahre bzw. 31 Jahre.

Wichtige Informationen

Robert Gaughen

Geschäftsführender

US$1.6m

Gesamtvergütung

Prozentsatz des Geschäftsführergehalts97.85%
Amtszeit als Geschäftsführer33.3yrs
Eigentum des Geschäftsführers2.3%
Durchschnittliche Amtszeit des Managements8.3yrs
Durchschnittliche Amtszeit der Vorstandsmitglieder31yrs

Jüngste Management Updates

Recent updates

Seeking Alpha • Jun 06

Asset Quality Concerns Linger For Hingham Institution For Savings

Summary Hingham Institution for Savings remains a Hold, with significant risks balancing out the growth in profits seen over the last year. HIFS faces persistent asset quality deterioration, with non-accrual loans rising to 0.97% and nonperforming assets to 0.87% in Q1 2026. The bank’s net interest margin (2.04%) and loan yield (4.86%) lag peers, while funding costs and high CRE exposure add to risk. Macroeconomic headwinds in core markets and elevated short interest warrant caution. Read the full article on Seeking Alpha
Analyseartikel • Oct 16

Hingham Institution for Savings (NASDAQ:HIFS) Is Due To Pay A Dividend Of $0.63

The board of Hingham Institution for Savings ( NASDAQ:HIFS ) has announced that it will pay a dividend of $0.63 per...
Analyseartikel • Jul 17

Hingham Institution for Savings (NASDAQ:HIFS) Is Due To Pay A Dividend Of $0.63

The board of Hingham Institution for Savings ( NASDAQ:HIFS ) has announced that it will pay a dividend on the 13th of...
Analyseartikel • Apr 17

Hingham Institution for Savings (NASDAQ:HIFS) Is Paying Out A Dividend Of $0.63

Hingham Institution for Savings ( NASDAQ:HIFS ) will pay a dividend of $0.63 on the 14th of May. Including this...
Analyseartikel • Nov 29

Hingham Institution for Savings (NASDAQ:HIFS) Is Due To Pay A Dividend Of $0.63

Hingham Institution for Savings ( NASDAQ:HIFS ) has announced that it will pay a dividend of $0.63 per share on the...
Analyseartikel • Oct 17

Hingham Institution for Savings (NASDAQ:HIFS) Is Due To Pay A Dividend Of $0.63

The board of Hingham Institution for Savings ( NASDAQ:HIFS ) has announced that it will pay a dividend on the 13th of...
Analyseartikel • Jul 18

Hingham Institution for Savings (NASDAQ:HIFS) Will Pay A Dividend Of $0.63

The board of Hingham Institution for Savings ( NASDAQ:HIFS ) has announced that it will pay a dividend on the 7th of...
Seeking Alpha • May 02

Hingham Institution For Savings: Why It's One Of My Favorite Banks In The U.S.

Summary Hingham Institution for Savings is one of my favorite financial institutions, defined by outstanding asset quality and a dedication to risk management. The bank has historically outperformed industry giants like Bank of America in terms of returns, NIM and NPAs. While profitability has declined in recent years, it is likely due to the tough macro environment rather than inherent weaknesses at HIFS. Current valuations suggest shares are trading around a fair valuation despite a heavy discount relative to historic prices. Strong Buy rating issued. Read the full article on Seeking Alpha
Analyseartikel • Apr 26

Hingham Institution for Savings (NASDAQ:HIFS) Has Affirmed Its Dividend Of $0.63

The board of Hingham Institution for Savings ( NASDAQ:HIFS ) has announced that it will pay a dividend on the 15th of...
Analyseartikel • Apr 20

Hingham Institution for Savings' (NASDAQ:HIFS) Upcoming Dividend Will Be Larger Than Last Year's

Hingham Institution for Savings ( NASDAQ:HIFS ) has announced that it will be increasing its dividend from last year's...
Seeking Alpha • Oct 14

Hingham Institution for Savings GAAP EPS of $4.77, revenue of $22.43M

Hingham Institution for Savings (NASDAQ:HIFS): Q3 GAAP EPS of $4.77. Revenue of $22.43M (-14.1% Y/Y). Net loans increased to $3.563 billion at September 30, 2022, representing 25% annualized growth year-to-date and 27% growth from September 30, 2021. The Bank recorded $50,000 of net recoveries for the nine months ended September 30, 2022, as compared to $1,000 of net charge-offs for the same period last year.
Seeking Alpha • Aug 14

Hingham Institution: Strong Loan Growth To Drive Core Earnings

Loan growth will likely decelerate after the second quarter's remarkable performance but remain at a decent level. As the deposit beta is greater than the loan beta, the net interest income will suffer from hikes in interest rates. The December 2022 target price suggests a small downside from the current market price. Further, HIFS is offering a low dividend yield. Core earnings of Hingham Institution for Savings (HIFS) will likely continue to surge in the next year and a half thanks to moderate loan growth. On the other hand, the top line will suffer from rising interest rates as the margin is inversely proportional to interest rate changes. Overall, I'm expecting Hingham Institution to report core earnings of $28.47 per share for 2022, up 11% year-over-year. On a GAAP basis, earnings will likely decline 30% this year due to hefty losses on sales of equities reported in the first half of the year. The year-end target price is quite close to the current market price. Therefore, I’m maintaining a hold rating on Hingham Institution for Savings. Economic Factors to Slow Down Loan Growth Hingham Institution’s loan portfolio grew by a hefty 10.4% in the second quarter of 2022 (42% annualized), which beat my expectations. Growth will likely slow down as the second quarter’s unusually high growth is unsustainable, in my opinion. Moreover, certain economic factors will weigh down loan growth. Almost all of Hingham’s loans are real estate-backed loans. Residential loans made up 15% of total loans, while commercial real estate loans (including construction) made up 85% of total loans at the end of June 2022, according to details given in the 10-Q filing. As a result, the number of housing starts is a good gauge of product demand. Further, Hingham has a presence in Massachusetts, Washington D.C., and California. As these regions are very different from each other, the national average is appropriate for Hingham Institution. As shown below, housing starts have dropped so far this year after doing quite well in the last few years. US Housing Starts data by YCharts High mortgage rates will likely further slowdown loan growth in the year ahead. Mortgage rates have recently softened but they're still quite high compared to a year ago period. 30 Year Mortgage Rate data by YCharts A steeper uptrend than usual for home prices also bodes ill for loan growth. First-time home purchasers will get discouraged by the high home prices and borrowing costs and therefore put off their home purchases until a more feasible time. Massachusetts House Price Index data by YCharts The only macroeconomic factor in favor of loan growth is the unemployment rate. The job market hasn't been this strong in decades. Massachusetts Unemployment Rate data by YCharts Considering these factors, I'm expecting loan growth to slow down to 3% in the third quarter of 2022 from 10% in the second quarter of the year. For full-year 2022, I'm expecting the loan portfolio to grow by 24%. For 2023, I'm expecting loan growth to continue at the same level as the latter part of 2022. Meanwhile, I'm expecting other balance sheet items to grow somewhat in line with loans. The following table shows my balance sheet estimates. FY18 FY19 FY20 FY21 FY22E FY23E Financial Position Net Loans 2,009 2,227 2,495 2,999 3,722 4,189 Growth of Net Loans 9.6% 10.8% 12.0% 20.2% 24.1% 12.6% Other Earning Assets 326 290 293 388 440 458 Deposits 1,573 1,821 2,139 2,393 2,618 2,947 Borrowings and Sub-Debt 615 514 417 674 1,163 1,187 Common equity 213 247 293 355 395 455 Book Value Per Share ($) 97.2 113.2 134.2 161.1 179.5 206.7 Source: FDIC Filings, Author's Estimates (In USD million unless otherwise specified) Margin to Take a Hit from Higher Interest Rates The net interest income stands to suffer from higher interest rates because the deposit book is more rate sensitive than the loan portfolio. As almost all of the loan book is comprised of real estate loans, which are mostly fixed-rate based, the average earning-asset yield has a low beta (sensitivity to rates). At the same time, Hingham’s deposit book is moderately sensitive to interest rate changes because of its composition. Accounts that will re-price soon after a rate hike, namely regular, money market, and NOW, made up 36.6% of total deposits at the end of June 2022. The management’s rate-sensitivity model estimates that net income would DECREASE by 10% over 12 months if rates rose by 200 basis points, as mentioned in the 10-K filing for 2021. As mentioned in the latest 10-Q filing, the rate sensitivity hasn't changed much since the release of the 10-K filing. Considering these factors, I'm expecting the net interest margin to dip by 35 basis points in the second half of 2022 and a further 10 basis points in the first quarter of 2023. Beyond the first quarter of next year, I'm expecting the margin to stabilize. Normalized Provisioning Likely Hingham Institution has remarkable asset quality as nonaccrual loans made up just 0.03% of total loans at the end of 2022. The allowances seem quite high in comparison to the nonaccrual loans. As of June 2022, allowances made up 0.68% of total loans. As yields are unlikely to rise much on loans, heightened interest rates will have barely any impact on the borrower's ability to service their debt. Heightened inflation and a possible recession could, however, lead to financial stress. Nevertheless, I'm not too worried because the loan loss coverage currently seems excessive. Overall, I'm expecting the provisioning to return to a normal level through the end of 2023. Consequently, I'm expecting the annualized net provision expense to make up 0.08% of total loans in each of the remaining quarters of 2022 and 2023. In comparison, the provision expense averaged 0.07% of total loans from 2017 to 2019, and 0.08% in the last five years. Expecting Core Earnings to Grow by 11% The surge in the loan portfolio this year will likely be the chief driver of earnings. On the other hand, margin contraction will likely limit the increase in the net interest income, and consequently net income. Overall, I'm expecting Hingham Institution to report core earnings of $28.47 per share for 2022, up 11% year over year. On a GAAP basis, which includes equity gains and losses, I'm expecting the company to report earnings of $21.53 per share for 2022, down 30% year over year. Earnings will decline on a GAAP basis due to hefty losses on sales of equities in the first half of 2022. For 2023, I'm expecting Hingham Institution to report earnings of $30.73 per share, up 8% year-over-year. The following table shows my income statement estimates. FY18 FY19 FY20 FY21 FY22E FY23E Income Statement Net interest income 66 67 85 102 115 119 Provision for loan losses 1 2 2 3 5 3 Non-interest income (2) 9 9 15 (16) 7 Non-interest expense 20 21 22 22 27 30 Net income - Common Sh. 30 39 51 67 47 68 EPS - Diluted ($) 13.90 17.83 23.25 30.65 21.53 30.73 Core EPS - Diluted ($) 14.99 15.12 20.43 25.70 28.47 30.73 Source: FDIC Filings, Earnings Releases, Author's Estimates (In USD million unless otherwise specified)
Seeking Alpha • Jul 28

Hingham Institution for Savings goes ex dividend tomorrow

Hingham Institution for Savings (NASDAQ:HIFS) has declared $0.59/share quarterly dividend, 3.5% increase from prior dividend of $0.57. Payable Aug. 10; for shareholders of record Aug. 1; ex-div July 29. See HIFS Dividend Scorecard, Yield Chart, & Dividend Growth.
Analyseartikel • Jul 21

Hingham Institution for Savings (NASDAQ:HIFS) Is Increasing Its Dividend To $0.59

Hingham Institution for Savings ( NASDAQ:HIFS ) will increase its dividend from last year's comparable payment on the...
Seeking Alpha • Jul 15

Hingham Institution for Savings Non-GAAP EPS of $6.93, revenue of $14.47M

Hingham Institution for Savings press release (NASDAQ:HIFS): Q2 Non-GAAP EPS of $6.93. Revenue of $14.47M (-56.9% Y/Y).
Seeking Alpha • Feb 22

Hingham: One Of The Top-Performing Banks In The U.S.

Hingham is one of the most efficiently operated banks in the U.S. Superior credit quality has been tested by COVID, showing very limited loan loss in FY20. Insiders own 17% of the bank, showing confidence in the franchise.

Analyse der Geschäftsführervergütung

Wie hat sich die Vergütung von Robert Gaughen im Vergleich zu den Einnahmen von Hingham Institution for Savings verändert?
DatumGesamtvergütungGehaltUnternehmensgewinne
Jun 30 2026n/an/a

US$66m

Mar 31 2026n/an/a

US$50m

Dec 31 2025US$2mUS$2m

US$55m

Sep 30 2025n/an/a

US$45m

Jun 30 2025n/an/a

US$34m

Mar 31 2025n/an/a

US$28m

Dec 31 2024US$2mUS$2m

US$28m

Sep 30 2024n/an/a

US$23m

Jun 30 2024n/an/a

US$21m

Mar 31 2024n/an/a

US$25m

Dec 31 2023US$2mUS$2m

US$26m

Sep 30 2023n/an/a

US$32m

Jun 30 2023n/an/a

US$39m

Mar 31 2023n/an/a

US$34m

Dec 31 2022US$2mUS$2m

US$38m

Sep 30 2022n/an/a

US$42m

Jun 30 2022n/an/a

US$46m

Mar 31 2022n/an/a

US$63m

Dec 31 2021US$2mUS$2m

US$67m

Sep 30 2021n/an/a

US$68m

Jun 30 2021n/an/a

US$69m

Mar 31 2021n/an/a

US$65m

Dec 31 2020US$2mUS$2m

US$51m

Sep 30 2020n/an/a

US$45m

Jun 30 2020n/an/a

US$39m

Mar 31 2020n/an/a

US$31m

Dec 31 2019US$2mUS$2m

US$39m

Vergütung im Vergleich zum Markt: RobertDie Gesamtvergütung ($USD1.60M) liegt unter dem Durchschnitt von Unternehmen ähnlicher Größe auf dem Markt US ($USD3.55M).

Entschädigung vs. Einkommen: RobertDie Vergütung des Vorstandsvorsitzenden entsprach im vergangenen Jahr der Unternehmensleistung.

Geschäftsführer

Robert Gaughen (77 yo)

33.3yrs
Amtszeit
US$1,604,925
Vergütung

Mr. Robert H. Gaughen, Jr. is Chairman & Chief Executive Officer of Hingham Institution for Savings from April 2018. Mr. Gaughen was President of Hingham Institution for Savings until April 2018. Mr. Gaugh...

Führungsteam

NamePositionAmtszeitVergütungEigentümerschaft
Robert Gaughen
Chairman & CEO33.3yrsUS$1.60m2.35%
$ 15.2m
Patrick Gaughen
President8.3yrsUS$1.05m0.75%
$ 4.9m
Cristian Melej
VP & CFO9.8yrsUS$580.82k0.17%
$ 1.1m
Daniel Bagley
VP & Chief Information Officer4.8yrsUS$380.66k0.030%
$ 191.8k
Jacqueline Youngworth
Clerk of the Board & Independent Directorno dataUS$83.13k0.94%
$ 6.1m
Holly Cirignano
VP & Chief of Staff4.5yrsUS$315.00k0.038%
$ 249.1k
Jeremy Martin
VP & Chief Compliance Officer4.4yrskeine Datenkeine Daten
Eileen Trainor
VP & Treasurerno datakeine Datenkeine Daten
Shawn Sullivan
Vice President of Commercial Lending30.5yrsUS$449.41kkeine Daten
8.3yrs
Durchschnittliche Betriebszugehörigkeit
48yo
Durchschnittliches Alter

Erfahrenes Management: Das Managementteam von HIFS ist erfahren und erfahren (durchschnittliche Amtszeit von 8.3 Jahren).

Vorstandsmitglieder

NamePositionAmtszeitVergütungEigentümerschaft
Robert Gaughen
Chairman & CEO35.2yrsUS$1.60m2.35%
$ 15.2m
Patrick Gaughen
President14.3yrsUS$1.05m0.75%
$ 4.9m
Jacqueline Youngworth
Clerk of the Board & Independent Director29.5yrsUS$83.13k0.94%
$ 6.1m
Robert Sheridan
Independent Director13.7yrsUS$32.40kkeine Daten
Ronald Falcione
Independent Director33.5yrsUS$64.80kkeine Daten
Julio Hernando
Director32.5yrsUS$68.97k2.31%
$ 15.0m
Robert Lane
Director33.5yrsUS$64.80k2.05%
$ 13.3m
Stacey Page
Independent Director34.5yrsUS$29.94kkeine Daten
Geoffrey Wilkinson
Independent Director33.5yrsUS$32.40kkeine Daten
Michael Desmond
Independent Director16.3yrsUS$68.97kkeine Daten
Scott Moser
Independent Director17.9yrsUS$28.80k0.34%
$ 2.2m
Brian Kenner
Independent Director15.3yrsUS$29.94kkeine Daten
31.0yrs
Durchschnittliche Betriebszugehörigkeit
74yo
Durchschnittliches Alter

Erfahrener Vorstand: HIFSDie Vorstandsmitglieder sind sehr erfahren ( 31 ).

Unternehmensanalyse und Finanzdaten Status

DatenZuletzt aktualisiert (UTC-Zeit)
Unternehmensanalyse2026/07/20 19:01
Aktienkurs zum Tagesende2026/07/17 00:00
Gewinne2026/06/30
Jährliche Einnahmen2025/12/31

Datenquellen

Die in unserer Unternehmensanalyse verwendeten Daten stammen von S&P Global Market Intelligence LLC. Die folgenden Daten werden in unserem Analysemodell verwendet, um diesen Bericht zu erstellen. Die Daten sind normalisiert, was zu einer Verzögerung bei der Verfügbarkeit der Quelle führen kann.

PaketDatenZeitrahmenBeispiel US-Quelle *
Finanzdaten des Unternehmens10 Jahre
  • Gewinn- und Verlustrechnung
  • Kapitalflussrechnung
  • Bilanz
Konsensschätzungen der Analysten+3 Jahre
  • Finanzielle Vorausschau
  • Kursziele der Analysten
Marktpreise30 Jahre
  • Aktienkurse
  • Dividenden, Splits und Aktionen
Eigentümerschaft10 Jahre
  • Top-Aktionäre
  • Insiderhandel
Verwaltung10 Jahre
  • Das Führungsteam
  • Direktorium
Wichtige Entwicklungen10 Jahre
  • Ankündigungen des Unternehmens

* Beispiel für US-Wertpapiere, für nicht-US-amerikanische Wertpapiere werden gleichwertige regulatorische Formulare und Quellen verwendet.

Sofern nicht anders angegeben, beziehen sich alle Finanzdaten auf einen Jahreszeitraum, werden aber vierteljährlich aktualisiert. Dies wird als Trailing Twelve Month (TTM) oder Last Twelve Month (LTM) Daten bezeichnet. Erfahren Sie mehr.

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Analysten-Quellen

Hingham Institution for Savings wird von 0 Analysten beobachtet. 0 dieser Analysten hat die Umsatz- oder Gewinnschätzungen übermittelt, die als Grundlage für unseren Bericht dienen. Die von den Analysten übermittelten Daten werden im Laufe des Tages aktualisiert.