Hingham Institution for Savings
Market Cap
US$288.5m
Last Updated
2020/04/03 00:33 UTC
Data Sources
Company Financials
Executive Summary
Hingham Institution for Savings provides various financial products and services to individuals and small businesses in the United States.
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet with solid track record.
Similar Companies
Share Price & News
How has Hingham Institution for Savings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HIFS's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-4.9%
HIFS
-11.6%
US Mortgage
-4.1%
US Market
1 Year Return
-20.2%
HIFS
-33.4%
US Mortgage
-14.9%
US Market
Return vs Industry: HIFS exceeded the US Mortgage industry which returned -31.1% over the past year.
Return vs Market: HIFS underperformed the US Market which returned -13.6% over the past year.
Shareholder returns
| HIFS | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.9% | -11.6% | -4.1% |
| 30 Day | -29.2% | -34.6% | -19.1% |
| 90 Day | -33.9% | -39.2% | -23.4% |
| 1 Year | -19.3%-20.2% | -31.7%-33.4% | -13.2%-14.9% |
| 3 Year | -19.4%-21.8% | -24.7%-30.1% | 10.7%3.5% |
| 5 Year | 42.6%35.3% | -6.5%-16.9% | 28.5%14.5% |
Price Volatility Vs. Market
How volatile is Hingham Institution for Savings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Trade Alert: Margaret Corrigan At Hingham Institution for Savings (NASDAQ:HIFS), Has Just Spent US$302k Buying Shares2 weeks ago | Simply Wall St
Do You Like Hingham Institution for Savings (NASDAQ:HIFS) At This P/E Ratio?1 month ago | Simply Wall St
Our Take On Hingham Institution for Savings's (NASDAQ:HIFS) CEO SalaryValuation
Is Hingham Institution for Savings undervalued compared to its fair value and its price relative to the market?
20.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: HIFS ($135) is trading below our estimate of fair value ($169.84)
Significantly Below Fair Value: HIFS is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: HIFS is good value based on its PE Ratio (7.4x) compared to the Mortgage industry average (10.4x).
PE vs Market: HIFS is good value based on its PE Ratio (7.4x) compared to the US market (12.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate HIFS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: HIFS is overvalued based on its PB Ratio (1.2x) compared to the US Mortgage industry average (0.8x).
Next Steps
Future Growth
How is Hingham Institution for Savings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
2.0%
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Hingham Institution for Savings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether Hingham Institution for Savings is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Banks industry.
Past Performance
How has Hingham Institution for Savings performed over the past 5 years?
13.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HIFS has high quality earnings.
Growing Profit Margin: HIFS's current net profit margins (52.5%) are higher than last year (48.4%).
Past Earnings Growth Analysis
Earnings Trend: HIFS's earnings have grown by 13.9% per year over the past 5 years.
Accelerating Growth: HIFS's earnings growth over the past year (28.1%) exceeds its 5-year average (13.9% per year).
Earnings vs Industry: HIFS earnings growth over the past year (28.1%) exceeded the Mortgage industry 10.7%.
Return on Equity
High ROE: HIFS's Return on Equity (15.7%) is considered low.
Next Steps
Financial Health
How is Hingham Institution for Savings's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: HIFS has a low level of unsold assets or inventory.
Debt Coverage by Assets: HIFS's debt is not covered by short term assets (assets are 0.5x debt).
Financial Institutions Analysis
Asset Level: HIFS's level of assets compared to its equity is moderate.
Allowance for Bad Loans: HIFS has a sufficient allowance for bad loans.
Low Risk Liabilities: HIFS's liabilities are made up of primarily low risk sources of funding.
Loan Level: HIFS has an acceptable proportion of non-loan assets held.
Low Risk Deposits: HIFS's loans are broadly funded by customer deposits.
Level of Bad Loans: HIFS has an appropriate level of bad loans (0.25%)
Next Steps
Dividend
What is Hingham Institution for Savings's current dividend yield, its reliability and sustainability?
1.66%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HIFS's dividend (1.66%) isn’t notable compared to the bottom 25% of dividend payers in the US market (2%).
High Dividend: HIFS's dividend (1.66%) is low compared to the top 25% of dividend payers in the US market (5.56%).
Stability and Growth of Payments
Stable Dividend: HIFS's dividend payments have been volatile in the past 10 years.
Growing Dividend: HIFS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (8.7%), HIFS's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.3yrs
Average management tenure
CEO
Robert Gaughen (70yo)
27s
Tenure
US$1,969,212
Compensation
Mr. Robert H. Gaughen Jr., Esq. has been the Chairman and Chief Executive Officer of Hingham Institution For Savings since April 29, 1993 and has been its Director since May 1991 and also served as its Pre ...
CEO Compensation Analysis
Compensation vs Market: Robert's total compensation ($USD1.97M) is above average for companies of similar size in the US market ($USD1.45M).
Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 27yrs | US$1.97m | 3.46% $10.0m | |
| President | 8yrs | US$728.34k | 0.34% $973.9k | |
| VP & CFO | 3.5yrs | US$534.36k | 0.079% $229.1k | |
| Clerk & Director | 23.25yrs | US$82.03k | 1.53% $4.4m | |
| Vice President of Commercial Lending | 24.25yrs | US$422.16k | 0.094% $270.0k | |
| Vice President of Retail Lending | 2.25yrs | US$230.19k | no data | |
| Chief Information Officer & VP | 3.33yrs | no data | 0.019% $54.1k | |
| Chief Compliance Officer & VP | no data | no data | no data | |
| Director of Marketing | 2.5yrs | no data | no data | |
| Assistant Vice President of Personnel | no data | no data | no data |
3.3yrs
Average Tenure
57yo
Average Age
Experienced Management: HIFS's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 27yrs | US$1.97m | 3.46% $10.0m | |
| President | 8yrs | US$728.34k | 0.34% $973.9k | |
| Clerk & Director | 23.25yrs | US$82.03k | 1.53% $4.4m | |
| Independent Director | 22.25yrs | US$32.48k | 0.28% $799.9k | |
| Independent Director | 27.25yrs | US$63.45k | 2.47% $7.1m | |
| Director | 26.25yrs | US$65.98k | 4.38% $12.6m | |
| Director | 27.25yrs | US$58.73k | 2.4% $6.9m | |
| Independent Director | 28.25yrs | US$25.86k | 0.41% $1.2m | |
| Independent Director | 27.25yrs | US$27.83k | 0.83% $2.4m | |
| Independent Director | 11.67yrs | US$26.33k | 3.27% $9.4m |
26.6yrs
Average Tenure
61yo
Average Age
Experienced Board: HIFS's board of directors are seasoned and experienced ( 26.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HIFS insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Hingham Institution for Savings's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Hingham Institution for Savings
- Ticker: HIFS
- Exchange: NasdaqGM
- Founded: 1834
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: US$288.461m
- Shares outstanding: 2.14m
- Website: https://www.hinghamsavings.com
Number of Employees
Location
- Hingham Institution for Savings
- 55 Main Street
- Hingham
- Massachusetts
- 2043
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| HIFS | NasdaqGM (Nasdaq Global Market) | Yes | Common Stock | US | USD | Dec 1988 |
Biography
Hingham Institution for Savings provides various financial products and services to individuals and small businesses in the United States. The company’s deposit products include savings, demand, regular, checking, negotiable order of withdrawal, and money market accounts, as well as certificates of deposit. Its loan portfolio comprises commercial real estate, construction, residential real estate, home equity, commercial, and consumer loans. The company also provides ATM, and telephone and Internet banking services. It serves its customers through a network of 11 offices in Boston and southeastern Massachusetts. The company was founded in 1834 and is headquartered in Hingham, Massachusetts.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/03 00:33 |
| End of Day Share Price | 2020/04/02 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.