NasdaqGM:HIFS

Stock Analysis Report

Hingham Institution for Savings

Executive Summary

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


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

HIFSIndustryMarket
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 Year42.6%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

Valuation

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

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

NamePositionTenureCompensationOwnership
Robert Gaughen
Chairman & CEO27yrsUS$1.97m3.46% $10.0m
Patrick Gaughen
President8yrsUS$728.34k0.34% $973.9k
Cristian Melej
VP & CFO3.5yrsUS$534.36k0.079% $229.1k
Jacqueline Youngworth
Clerk & Director23.25yrsUS$82.03k1.53% $4.4m
Shawn Sullivan
Vice President of Commercial Lending24.25yrsUS$422.16k0.094% $270.0k
James Dell'Anno
Vice President of Retail Lending2.25yrsUS$230.19kno data
Joseph Bears
Chief Information Officer & VP3.33yrsno data0.019% $54.1k
Mark Constable
Chief Compliance Officer & VPno datano datano data
Maggie McInnis
Director of Marketing2.5yrsno datano data
Janet Rice
Assistant Vice President of Personnelno datano datano data

3.3yrs

Average Tenure

57yo

Average Age

Experienced Management: HIFS's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Robert Gaughen
Chairman & CEO27yrsUS$1.97m3.46% $10.0m
Patrick Gaughen
President8yrsUS$728.34k0.34% $973.9k
Jacqueline Youngworth
Clerk & Director23.25yrsUS$82.03k1.53% $4.4m
Howard Berger
Independent Director22.25yrsUS$32.48k0.28% $799.9k
Ronald Falcione
Independent Director27.25yrsUS$63.45k2.47% $7.1m
Julio Hernando
Director26.25yrsUS$65.98k4.38% $12.6m
Robert Lane
Director27.25yrsUS$58.73k2.4% $6.9m
Stacey Page
Independent Director28.25yrsUS$25.86k0.41% $1.2m
Geoffrey Wilkinson
Independent Director27.25yrsUS$27.83k0.83% $2.4m
Scott Moser
Independent Director11.67yrsUS$26.33k3.27% $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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HIFSNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDDec 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/03 00:33
End of Day Share Price2020/04/02 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.