Stock Analysis

This Insider Has Just Sold Shares In Hingham Institution for Savings (NASDAQ:HIFS)

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NasdaqGM:HIFS
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We note that the Hingham Institution for Savings (NASDAQ:HIFS) Clerk & Independent Director, Jacqueline Youngworth, recently sold US$85k worth of stock for US$283 per share. On the bright side, that's just a small sale and only reduced their holding by 1.3%.

See our latest analysis for Hingham Institution for Savings

Hingham Institution for Savings Insider Transactions Over The Last Year

Over the last year, we can see that the biggest insider sale was by the Independent Director, Scott Moser, for US$400k worth of shares, at about US$364 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$260. So it may not shed much light on insider confidence at current levels.

Happily, we note that in the last year insiders paid US$512k for 1.47k shares. But they sold 6.15k shares for US$2.1m. Over the last year we saw more insider selling of Hingham Institution for Savings shares, than buying. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
NasdaqGM:HIFS Insider Trading Volume September 29th 2022

I will like Hingham Institution for Savings better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.

Insider Ownership

For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 18% of Hingham Institution for Savings shares, worth about US$99m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Hingham Institution for Savings Insiders?

The stark truth for Hingham Institution for Savings is that there has been more insider selling than insider buying in the last three months. Despite some insider buying, the longer term picture doesn't make us feel much more positive. Insiders own shares, but we're still pretty cautious, given the history of sales. So we'd only buy after careful consideration. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 1 warning sign that you should run your eye over to get a better picture of Hingham Institution for Savings.

Of course Hingham Institution for Savings may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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About NasdaqGM:HIFS

Hingham Institution for Savings

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

The Snowflake is a visual investment summary with the score of each axis being calculated by 6 checks in 5 areas.

Analysis AreaScore (0-6)
Valuation0
Future Growth0
Past Performance2
Financial Health5
Dividends2

Read more about these checks in the individual report sections or in our analysis model.

Excellent balance sheet with questionable track record.