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Hingham Institution for SavingsNasdaqGM:HIFS Stock Report

Market Cap US$606.4m
Share Price
US$283.57
US$137.73
105.9% overvalued intrinsic discount
1Y13.3%
7D7.0%
1D
Portfolio Value
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Hingham Institution for Savings

NasdaqGM:HIFS Stock Report

Market Cap: US$606.4m

Hingham Institution for Savings (HIFS) Stock Overview

Provides various financial services to individuals and small businesses in the United States. More details

HIFS fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance4/6
Financial Health4/6
Dividends2/6

Rewards

Price-To-Earnings ratio (12.4x) is below the US market (18.5x)

Earnings grew by 76.7% over the past year

Risk Analysis

Earnings have declined by 13.9% per year over past 5 years

Significant insider selling over the past 3 months


HIFS Community Fair Values

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Hingham Institution for Savings Competitors

Price History & Performance

Summary of share price highs, lows and changes for Hingham Institution for Savings
Historical stock prices
Current Share PriceUS$283.57
52 Week HighUS$338.00
52 Week LowUS$220.76
Beta0.85
1 Month Change-2.14%
3 Month Change-9.83%
1 Year Change13.31%
3 Year Change41.78%
5 Year Change-2.48%
Change since IPO4,831.65%

Recent News & Updates

Seeking Alpha • Mar 12

The Recent Pullback In Hingham Institution for Savings Seems Justified

Summary Hingham Institution for Savings remains rated Hold due to deteriorating asset quality and unattractive operational metrics versus peers. HIFS's loan portfolio is almost entirely real estate-exposed, with 84.1% in commercial real estate and 11.1% in home mortgages. Non-performing loans rose to 0.80% of total loans, driven by a $30.6M CRE loan on non-accrual, while allowance for credit losses increased minimally. Despite a special dividend, HIFS's yield remains low at 1.16%, and short interest signals ongoing risks amid concentrated geographic and sector exposure. Read the full article on Seeking Alpha
Analysis Article • 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...

Recent updates

Seeking Alpha • Mar 12

The Recent Pullback In Hingham Institution for Savings Seems Justified

Summary Hingham Institution for Savings remains rated Hold due to deteriorating asset quality and unattractive operational metrics versus peers. HIFS's loan portfolio is almost entirely real estate-exposed, with 84.1% in commercial real estate and 11.1% in home mortgages. Non-performing loans rose to 0.80% of total loans, driven by a $30.6M CRE loan on non-accrual, while allowance for credit losses increased minimally. Despite a special dividend, HIFS's yield remains low at 1.16%, and short interest signals ongoing risks amid concentrated geographic and sector exposure. Read the full article on Seeking Alpha
Analysis Article • 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...
Analysis Article • 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...
Analysis Article • 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...
Analysis Article • 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...
Analysis Article • 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...
Analysis Article • 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
Analysis Article • 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...
Analysis Article • 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.
Analysis Article • 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.
Seeking Alpha • Dec 13

Hingham Institution: Loan Growth Likely To Counter Margin Compression

Improvement in the labor market and expansion in San Francisco Bay area will likely drive loan growth next year. The balance sheet is positioned such that an interest rate hike will likely hurt net interest income in the short term. The current market price is above the December 2022 target price.

Shareholder Returns

HIFSUS BanksUS Market
7D7.0%1.9%-0.8%
1Y13.3%21.3%27.1%

Return vs Industry: HIFS underperformed the US Banks industry which returned 20.9% over the past year.

Return vs Market: HIFS underperformed the US Market which returned 26.7% over the past year.

Price Volatility

Is HIFS's price volatile compared to industry and market?
HIFS volatility
HIFS Average Weekly Movement5.3%
Banks Industry Average Movement3.5%
Market Average Movement7.2%
10% most volatile stocks in US Market16.3%
10% least volatile stocks in US Market3.2%

Stable Share Price: HIFS has not had significant price volatility in the past 3 months compared to the US market.

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

About the Company

FoundedEmployeesCEOWebsite
183495Robert Gaughenwww.hinghamsavings.com

Hingham Institution for Savings provides various financial services to individuals and small businesses in the United States. It offers savings, checking, money market, term certificate, demand, and negotiable order of withdrawal accounts, as well as certificates of deposit. The company provides commercial and residential owner-occupied real estate, construction, home equity, consumer, and commercial loans; and origination of 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$606.42m
Earnings (TTM)US$50.28m
Revenue (TTM)US$97.51m
12.4x
P/E Ratio
1.3x
P/B Ratio

Is HIFS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HIFS income statement (TTM)
RevenueUS$97.51m
Cost of RevenueUS$0
Gross ProfitUS$97.51m
Other ExpensesUS$47.23m
EarningsUS$50.28m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)22.88
Gross Margin100.00%
Net Profit Margin51.56%
Debt/Equity Ratio292.9%

How did HIFS perform over the long term?

See historical performance and comparison

Dividends

0.9%
Current Dividend Yield
11%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/21 09:52
End of Day Share Price 2026/05/21 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hingham Institution for Savings is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.