Hingham Institution for Savings
Market Cap
US$508.0m
Last Updated
2021/01/24 00:27 UTC
Data Sources
Company Financials
Executive Summary
Hingham Institution for Savings provides various banking products and services to individuals and small businesses in the United States. More Details
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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: HIFS's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
4.0%
HIFS
0.4%
US Mortgage
2.3%
US Market
1 Year Return
16.7%
HIFS
3.6%
US Mortgage
23.8%
US Market
Return vs Industry: HIFS exceeded the US Mortgage industry which returned 3.6% over the past year.
Return vs Market: HIFS underperformed the US Market which returned 23.8% over the past year.
Shareholder returns
| HIFS | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.0% | 0.4% | 2.3% |
| 30 Day | 10.0% | 2.3% | 4.8% |
| 90 Day | 15.1% | 10.8% | 14.5% |
| 1 Year | 18.3%16.7% | 6.6%3.6% | 26.6%23.8% |
| 3 Year | 8.8%5.2% | 20.1%10.5% | 45.0%35.4% |
| 5 Year | 103.9%93.3% | 84.5%58.3% | 126.2%101.0% |
Long-Term 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
1 week ago | Simply Wall St
Why Hingham Institution for Savings (NASDAQ:HIFS) Is A Top Dividend Stock4 weeks ago | Simply Wall St
Hingham Institution for Savings (NASDAQ:HIFS) Looks Like A Good Stock, And It's Going Ex-Dividend Soon4 weeks ago | Simply Wall St
Our Take On Hingham Institution for Savings' (NASDAQ:HIFS) CEO SalaryValuation
Is Hingham Institution for Savings undervalued compared to its fair value and its price relative to the market?
10.01x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HIFS ($237.75) is trading above our estimate of fair value ($218.07)
Significantly Below Fair Value: HIFS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HIFS is good value based on its PE Ratio (10x) compared to the US Mortgage industry average (13.2x).
PE vs Market: HIFS is good value based on its PE Ratio (10x) compared to the US market (21.3x).
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 (1.7x) compared to the US Mortgage industry average (0.9x).
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?
2.8%
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
- Check out Hingham Institution for Savings's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
- Explore growth companies in the Banks industry.
Past Performance
How has Hingham Institution for Savings performed over the past 5 years?
16.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HIFS has high quality earnings.
Growing Profit Margin: HIFS's current net profit margins (55.1%) are higher than last year (52.4%).
Past Earnings Growth Analysis
Earnings Trend: HIFS's earnings have grown by 16.2% per year over the past 5 years.
Accelerating Growth: HIFS's earnings growth over the past year (30.7%) exceeds its 5-year average (16.2% per year).
Earnings vs Industry: HIFS earnings growth over the past year (30.7%) exceeded the Mortgage industry 2.7%.
Return on Equity
High ROE: HIFS's Return on Equity (17.3%) 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
Financial Institutions Analysis
Asset Level: HIFS's Assets to Equity ratio (9.8x) is low.
Allowance for Bad Loans: HIFS has a sufficient allowance for bad loans (700%).
Low Risk Liabilities: 83% 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 (117%) is appropriate.
Level of Bad Loans: HIFS has an appropriate level of bad loans (0.1%).
Next Steps
Dividend
What is Hingham Institution for Savings's current dividend yield, its reliability and sustainability?
1.01%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: HIFS's dividend (1.01%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: HIFS's dividend (1.01%) is low compared to the top 25% of dividend payers in the US market (3.86%).
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 (10.4%), 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?
4.1yrs
Average management tenure
CEO
Robert Gaughen (71 yo)
27.75yrs
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 about average for companies of similar size in the US market ($USD1.65M).
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 | 27.75yrs | US$1.97m | 3.46% $ 17.6m | |
| President | 8.75yrs | US$728.34k | 0.35% $ 1.8m | |
| VP & CFO | 4.25yrs | US$534.36k | 0.079% $ 403.4k | |
| Clerk & Director | 24yrs | US$82.03k | 1.3% $ 6.6m | |
| Vice President of Commercial Lending | 25yrs | US$422.16k | 0.094% $ 475.5k | |
| Chief Information Officer & VP | 4.08yrs | no data | 0.019% $ 95.4k | |
| VP and Chief Compliance & CRA Officer | no data | no data | no data | |
| Director of Marketing | 3.25yrs | no data | no data | |
| Director of Human Resources | 2.67yrs | no data | no data | |
| President of NPHS | no data | no data | no data | |
| VP & Treasurer | no data | no data | no data |
4.1yrs
Average Tenure
58yo
Average Age
Experienced Management: HIFS's management team is considered experienced (4.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 27.75yrs | US$1.97m | 3.46% $ 17.6m | |
| President | 8.75yrs | US$728.34k | 0.35% $ 1.8m | |
| Clerk & Director | 24yrs | US$82.03k | 1.3% $ 6.6m | |
| Independent Director | 23yrs | US$32.48k | 0.28% $ 1.4m | |
| Independent Director | 28yrs | US$63.45k | 1.01% $ 5.1m | |
| Director | 27yrs | US$65.98k | 4.89% $ 24.8m | |
| Director | 28yrs | US$58.73k | 2.4% $ 12.2m | |
| Independent Director | 29yrs | US$25.86k | 0.41% $ 2.1m | |
| Independent Director | 28yrs | US$27.83k | 0.88% $ 4.5m | |
| Independent Director | 10.75yrs | US$64.01k | 0.13% $ 684.0k | |
| Independent Director | 12.42yrs | US$26.33k | 0.77% $ 3.9m | |
| Independent Director | 9.75yrs | US$27.36k | 0.25% $ 1.3m |
25.5yrs
Average Tenure
68yo
Average Age
Experienced Board: HIFS's board of directors are seasoned and experienced ( 25.5 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 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$508.048m
- 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 banking products and services to individuals and small businesses in the United States. The company accepts savings, demand, negotiable order of withdrawal,...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/24 00:27 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.