Added to YB: 2024-05-15
Pitch date: 2024-05-14
HIFS [bullish]
Hingham Institution for Savings
+48%
current return
Author Info
Company Info
Hingham Institution for Savings provides various financial services to individuals and small businesses in the United States.
Market Cap
$606.2M
Pitch Price
$184.34
Price Target
N/A
Dividend
0.91%
EV/EBITDA
N/A
P/E
13.53
EV/Sales
N/A
Sector
Banks
Category
value
Hingham Institution for Savings - $HIFS
HIFS: Hingham Institution for Savings - most efficient and profitable US regional bank. ROE 14.6% 10yr avg vs 8.8% peers, 26.7% 5yr avg efficiency ratio vs 57.4% peers. 81% loans in multifamily/CRE, located in prime Boston/SF/DC markets. 74% loans variable rate allows margin recovery. 30% mgmt ownership, conservative underwriting. Stress test: can sustain 2% rate hike. GVM 10yr projection: 15-20% CAGR. Risks: personnel loss, rate sensitivity, MF supply. Trades 1x TBV vs 1.6x historical avg. Catalyst is yield curve normalization.
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