Capitalcube gives Hingham Institution for Savings a score of 75.
Our analysis is based on comparing Hingham Institution for Savings with the following peers – Western New England Bancorp, Inc., Berkshire Hills Bancorp, Inc., Meridian Bancorp Inc, Northwest Bancshares, Inc., United Financial Bancorp Inc, Wellesley Bancorp, Inc., BSB Bancorp, Inc. and Brookline Bancorp, Inc. (WNEB-US, BHLB-US, EBSB-US, NWBI-US, UBNK-US, WEBK-US, BLMT-US and BRKL-US).
Hingham Institution for Savings has a fundamental score of 75 and has a relative valuation of OVERVALUED.
- It currently trades at a Price/Book ratio of (2.34).
- HIFS-US‘s operating performance is relatively good compared to its peers. The market currently does not expect high earnings growth relative to its peers but seems to expect the company to maintain its relatively high rates of return.
- HIFS-US has relatively high profit margins while operating with median capital turns.
- Compared with its chosen peers, changes in the company’s annual earnings are better than the changes in its revenue, implying better than median cost control and/or some economies of scale.
- HIFS-US‘s return on equity currently and over the past five years suggest that its relatively high operating returns are sustainable.
- HIFS-US‘s revenue growth in recent years and current P/E ratio are both around their respective peer medians suggesting that historical performance and long-term growth expectations for the company are largely in sync.
- The company’s level of equity capital investment suggests it might be under-investing in a business with above median returns.
Drivers of Margin
- HIFS-US‘s pre-tax margin suggests relatively low operating costs.
- The company’s net interest income (net interest income/total revenues) of 97.74% is around peer median suggesting that HIFS-US‘s lending operations does not benefit from any differentiating pricing advantage. However, HIFS-US‘s pre-tax margin is more than the peer median (67.37% compared to 33.92%) suggesting relatively low operating costs.
- The company’s comparatively low proportion of fee based income (i.e. non interest income/total revenues) of 2.26% versus peer median of 12.46% — suggests that HIFS-US‘s operating margins are likely to be more volatile. In contrast, HIFS-US‘s proportion of overhead costs (i.e. non interest expense/total revenues) is less than peer median (30.41x compared to 62.94x) — suggesting relatively low fee-based overhead operations or even room for expanding this part of business.
Quadrant label definitions. Hover to know more
Hingham Institution for Savings provides community banking services. Its primary deposit products include savings, checking and term certificate accounts, and primary lending products are residential and commercial mortgage, real estate, construction, home equity and consumer loans. The company offers online banking services, which include PCBANK24, business online, bill pay service and 24-hour banking. It provides financial services to individuals and small businesses in Boston and Southeastern Massachusetts. Hingham Institution for Savings was founded in 1834 and is headquartered in Hingham, MA.