Added to YB: 2024-07-22
Pitch date: 2024-07-19
HIFS [bullish]
Hingham Institution for Savings
+30.42%
current return
Author Info
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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
$209.19
Price Target
N/A
Dividend
0.91%
EV/EBITDA
N/A
P/E
13.53
EV/Sales
N/A
Sector
Banks
Category
turnaround
Enterprising Investor Watchlist and Portfolio Updates: Hingham Institution for Savings
HIFS: Q2 net income $4.1M vs $8.3M YoY. Assets +2% YTD, deposits stable. BV $191/share (+3% YoY). NIM improving due to higher-rate loans & stable deposit costs. No charge-offs, NPAs 0.04% of assets. High-quality bank struggling with rates, but NIM improvement signals potential return to strong performance.
Read full article (1 min)