Hingham Institution for Savings
Market Cap
US$436.8m
Last Updated
2020/01/23 23:48 UTC
Data Sources
Company Financials
Executive Summary
Hingham Institution for Savings provides various financial products and services to individuals and small businesses in the United States.
Rewards
Risk Analysis
No risks detected for HIFS from our risk checks.
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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.7%
HIFS
-0.7%
US Mortgage
-0.09%
US Market
1 Year Return
11.7%
HIFS
15.4%
US Mortgage
23.9%
US Market
Return vs Industry: HIFS underperformed the US Mortgage industry which returned 18.8% over the past year.
Return vs Market: HIFS underperformed the US Market which returned 24.7% over the past year.
Shareholder returns
| HIFS | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.7% | -0.7% | -0.09% |
| 30 Day | -2.1% | -0.9% | 3.1% |
| 90 Day | 8.8% | -0.3% | 10.4% |
| 1 Year | 13.0%11.7% | 17.9%15.4% | 26.6%23.9% |
| 3 Year | 10.8%7.6% | 26.2%17.5% | 50.9%41.2% |
| 5 Year | 146.4%133.7% | 73.1%54.4% | 78.1%58.5% |
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
1 week ago | Simply Wall St
Announcing: Hingham Institution for Savings (NASDAQ:HIFS) Stock Increased An Energizing 142% In The Last Five Years3 weeks ago | Simply Wall St
Hingham Institution for Savings (NASDAQ:HIFS) Passed Our Checks, And It's About To Pay A US$1.01 Dividend1 month ago | Simply Wall St
Here's What Hingham Institution for Savings's (NASDAQ:HIFS) P/E Ratio Is Telling UsValuation
Is Hingham Institution for Savings undervalued compared to its fair value and its price relative to the market?
11.21x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HIFS ($211.6) is trading above our estimate of fair value ($158.47)
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 (14x) compared to the Mortgage industry average (14.2x).
PE vs Market: HIFS is good value based on its PE Ratio (14x) compared to the US market (18.9x).
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 (1.9x) compared to the US Mortgage industry average (1.1x).
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?
9.0%
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
- 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?
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 (49.2%) are higher than last year (48.1%).
Past Earnings Growth Analysis
Earnings Trend: HIFS's earnings have grown by 12.2% 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 22.9%.
Return on Equity
High ROE: HIFS's Return on Equity (13.5%) is considered low.
Return on Assets
Return on Capital Employed
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 (0.06%)
Next Steps
Dividend
What is Hingham Institution for Savings's current dividend yield, its reliability and sustainability?
1.10%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: HIFS's dividend (0.99%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: HIFS's dividend (0.99%) is low compared to the top 25% of dividend payers in the US market (3.66%).
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 (10.2%), 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
What is the CEO of Hingham Institution for Savings's salary, the management and board of directors tenure and is there insider trading?
3.1yrs
Average management tenure
CEO
Robert Gaughen (70yo)
26.8yrs
Tenure
US$1,894,662
Compensation
Mr. Robert H. Gaughen Jr., Esq. has been the Chairman and Chief Executive Officer of Hingham Institution For Savings since April 29, 1993 and has been its Director since May 1991 and also served as its Pre ...
CEO Compensation Analysis
Compensation vs Market: Robert's total compensation ($USD1.89M) is about average for companies of similar size in the US market ($USD1.70M).
Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.1yrs
Average Tenure
55.5yo
Average Age
Experienced Management: HIFS's management team is considered experienced (3.1 years average tenure).
Board Age and Tenure
26.4yrs
Average Tenure
66.5yo
Average Age
Experienced Board: HIFS's board of directors are seasoned and experienced ( 26.4 years average tenure).
Insider Trading
Insider Buying: HIFS insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 1,000 |
| Max Price | US$209.35 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 2,200 |
| Max Price | US$193.00 |
| Entity | Company |
| Shares | 564 |
| Max Price | US$192.00 |
| Entity | Individual |
| Shares | 50 |
| Max Price | US$192.50 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 997 |
| Max Price | US$189.31 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 3 |
| Max Price | US$190.00 |
| Entity | Company |
| Shares | 750 |
| Max Price | US$190.19 |
| Entity | Individual |
| Role | Member of the Board of Directors Clerk & Director |
| Shares | 500 |
| Max Price | US$189.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Clerk & Director |
| Shares | 300 |
| Max Price | US$185.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Clerk & Director |
| Shares | 235 |
| Max Price | US$193.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 1,000 |
| Max Price | US$190.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Clerk & Director |
| Shares | 400 |
| Max Price | US$190.00 |
| Entity | Individual |
| Shares | 590 |
| Max Price | US$199.65 |
| Entity | Individual |
| Role | Member of the Board of Directors Clerk & Director |
| Shares | 8 |
| Max Price | US$190.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Clerk & Director |
| Shares | 300 |
| Max Price | US$193.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Clerk & Director |
| Shares | 400 |
| Max Price | US$170.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 150 |
| Max Price | US$169.00 |
| Entity | Individual |
| Shares | 128 |
| Max Price | US$169.61 |
| Entity | Individual |
| Shares | 22 |
| Max Price | US$171.00 |
| Entity | Individual |
| Role | Chief Executive Officer Chairman & CEO |
| Shares | 175 |
| Max Price | US$168.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Director |
| Shares | 279 |
| Max Price | US$181.00 |
| Entity | Individual |
| Role | Member of the Board of Directors Clerk & Director |
| Shares | 400 |
| Max Price | US$185.00 |
| Entity | Individual |
| Role | Chief Executive Officer Chairman & CEO |
| Shares | 10 |
| Max Price | US$183.10 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Robert Gaughen (70yo)
Chairman & CEO
- Tenure: 26.8yrs
- Compensation: US$1.89m
Jacqueline Youngworth (75yo)
Clerk & Director
- Tenure: 23yrs
- Compensation: US$72.46k
Kelley Currey
President of NPHS
Eileen Trainor
VP & Treasurer
Janet Rice
Assistant Vice President of Personnel
Patrick Gaughen (38yo)
President
- Tenure: 7.8yrs
- Compensation: US$628.04k
Mark Constable
Chief Compliance Officer & VP
Cristian Melej (41yo)
VP & CFO
- Tenure: 3.3yrs
- Compensation: US$431.70k
Maggie McInnis
Director of Marketing
- Tenure: 2.3yrs
Joe Bears
Chief Information Officer & VP
- Tenure: 3.1yrs
Board Members
Robert Gaughen (70yo)
Chairman & CEO
- Tenure: 26.8yrs
- Compensation: US$1.89m
Kevin Gaughen (64yo)
Director
- Tenure: 26yrs
- Compensation: US$59.03k
Howard Berger (70yo)
Independent Director
- Tenure: 22yrs
- Compensation: US$30.98k
Ronald Falcione (69yo)
Independent Director
- Tenure: 27yrs
- Compensation: US$60.53k
Julio Hernando (48yo)
Director
- Tenure: 26yrs
- Compensation: US$60.02k
Robert Lane (52yo)
Director
- Tenure: 27yrs
- Compensation: US$54.60k
Stacey Page (55yo)
Independent Director
- Tenure: 28yrs
- Compensation: US$23.19k
Edward Sparda (76yo)
Independent Director
- Tenure: 27yrs
- Compensation: US$21.37k
Jacqueline Youngworth (75yo)
Clerk & Director
- Tenure: 23yrs
- Compensation: US$72.46k
Patrick Gaughen (38yo)
President
- Tenure: 7.8yrs
- Compensation: US$628.04k
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$436.761m
- 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 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/23 23:48 |
| End of Day Share Price | 2020/01/23 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.