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HIFS

Hingham Institution for Savings NasdaqGM:HIFS Stock Report

Last Price

US$277.30

Market Cap

US$604.9m

7D

0.5%

1Y

-3.9%

Updated

27 Jun, 2022

Data

Company Financials
HIFS fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends2/6

HIFS Stock Overview

Hingham Institution for Savings provides various financial products and services to individuals and businesses in the United States.

Hingham Institution for Savings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Hingham Institution for Savings
Historical stock prices
Current Share PriceUS$277.30
52 Week HighUS$432.19
52 Week LowUS$270.50
Beta0.91
1 Month Change-14.80%
3 Month Change-20.79%
1 Year Change-3.91%
3 Year Change39.27%
5 Year Change52.67%
Change since IPO8,016.10%

Recent News & Updates

Shareholder Returns

HIFSUS MortgageUS Market
7D0.5%7.6%6.3%
1Y-3.9%-37.1%-18.8%

Return vs Industry: HIFS exceeded the US Mortgage industry which returned -37.6% over the past year.

Return vs Market: HIFS exceeded the US Market which returned -18.4% over the past year.

Price Volatility

Is HIFS's price volatile compared to industry and market?
HIFS volatility
HIFS Average Weekly Movement4.6%
Mortgage Industry Average Movement3.7%
Market Average Movement8.1%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market3.2%

Stable Share Price: HIFS is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: HIFS's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
183476Robert Gaughenhttps://www.hinghamsavings.com

Hingham Institution for Savings provides various financial products and services to individuals and businesses in the United States. It offers savings, checking, money market, demand deposit, and negotiable order of withdrawal accounts, as well as certificates of deposit. The company also provides commercial and residential real estate, construction, home equity, commercial, and consumer loans.

Hingham Institution for Savings Fundamentals Summary

How do Hingham Institution for Savings's earnings and revenue compare to its market cap?
HIFS fundamental statistics
Market CapUS$604.90m
Earnings (TTM)US$62.97m
Revenue (TTM)US$110.06m

9.4x

P/E Ratio

1.6x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HIFS income statement (TTM)
RevenueUS$110.06m
Cost of RevenueUS$0
Gross ProfitUS$110.06m
Other ExpensesUS$47.08m
EarningsUS$62.97m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)29.35
Gross Margin100.00%
Net Profit Margin57.22%
Debt/Equity Ratio236.8%

How did HIFS perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

7%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is HIFS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HIFS?

Other financial metrics that can be useful for relative valuation.

HIFS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does HIFS's PE Ratio compare to its peers?

HIFS PE Ratio vs Peers
The above table shows the PE ratio for HIFS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.4x
NFBK Northfield Bancorp (Staten Island NY)
9.6x-3.1%US$634.7m
LBC Luther Burbank
7.3x-6.5%US$677.4m
BWB Bridgewater Bancshares
10.1x11.7%US$456.6m
NASB NASB Financial
10.6xn/aUS$407.4m
HIFS Hingham Institution for Savings
9.4xn/aUS$594.9m

Price-To-Earnings vs Peers: HIFS is expensive based on its Price-To-Earnings Ratio (9.4x) compared to the peer average (9.4x).


Price to Earnings Ratio vs Industry

How does HIFS's PE Ratio compare vs other companies in the US Mortgage Industry?

Price-To-Earnings vs Industry: HIFS is good value based on its Price-To-Earnings Ratio (9.4x) compared to the US Mortgage industry average (11.3x)


Price to Earnings Ratio vs Fair Ratio

What is HIFS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HIFS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.4x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HIFS's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of HIFS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HIFS ($277.3) is trading below our estimate of fair value ($345.91)

Significantly Below Fair Value: HIFS is trading below fair value, but not by a significant amount.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate HIFS's PEG Ratio to determine if it is good value.


Discover undervalued companies

Future Growth

How is Hingham Institution for Savings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


9.4%

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.


Discover growth companies

Past Performance

How has Hingham Institution for Savings performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


23.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HIFS has high quality earnings.

Growing Profit Margin: HIFS's current net profit margins (57.2%) are lower than last year (58.7%).


Past Earnings Growth Analysis

Earnings Trend: HIFS's earnings have grown significantly by 23.2% per year over the past 5 years.

Accelerating Growth: HIFS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: HIFS had negative earnings growth (-3%) over the past year, making it difficult to compare to the Mortgage industry average (6.7%).


Return on Equity

High ROE: HIFS's Return on Equity (17.2%) is considered low.


Discover strong past performing companies

Financial Health

How is Hingham Institution for Savings's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

5/6

Financial Health Score 5/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: HIFS's Assets to Equity ratio (10x) is low.

Allowance for Bad Loans: HIFS has a sufficient allowance for bad loans (16607%).

Low Risk Liabilities: 73% of HIFS's liabilities are made up of primarily low risk sources of funding.

Loan Level: HIFS has an appropriate level of Loans to Assets ratio (87%).

Low Risk Deposits: HIFS's Loans to Deposits ratio (133%) is high.

Level of Bad Loans: HIFS has an appropriate level of bad loans (0%).


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Dividend

What is Hingham Institution for Savings's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.09%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: HIFS's dividend (1.09%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: HIFS's dividend (1.09%) is low compared to the top 25% of dividend payers in the US market (4.23%).


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

Earnings Coverage: With its low payout ratio (7.3%), 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 or that it will be covered by earnings.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.2yrs

Average management tenure


CEO

Robert Gaughen (72 yo)

29.17yrs

Tenure

US$2,069,066

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 ($USD2.07M) is about average for companies of similar size in the US market ($USD2.83M).

Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: HIFS's management team is considered experienced (4.2 years average tenure).


Board Members

Experienced Board: HIFS's board of directors are seasoned and experienced ( 26.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: HIFS insiders have sold more shares than they have bought 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 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
  • Implied Market Cap: US$604.896m
  • Shares outstanding: 2.15m
  • Website: https://www.hinghamsavings.com

Number of Employees


Location

  • Hingham Institution for Savings
  • 55 Main Street
  • Hingham
  • Massachusetts
  • 2043
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.