Hingham Institution For Savings Dossier - Source-backed chat

Hingham Institution For Savings

HIFSNASDAQ

SectorFinancials

IndustryRegional Banks

Beta (adjusted)0.89

Intrinsic Value

Insufficient data for a value estimateNot enough reliable inputs to publish a fair value for this company yet.

Market Price $283.85Price as of 1 Oct 2026

Data confidenceNot applicable

Market Cap $623.7M

Shares Outstanding 2.2M diluted

Next Earnings Date9 Oct 2026

Last ex-dividend3 Aug 2026

All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference.

Thesis

Street consensus, scenarios, merits, risks, and invalidation triggers

AI-assisted

Thesis Summary

Hingham Institution for Savings (HIFS) is showing a strong operational recovery with its Net Interest Margin (NIM) expanding to 2.14% in Q2 2026, up from 1.50% in Q1 2025, alongside a highly competitive cost-to-income ratio of 37.46%. However, significant credit quality headwinds have emerged, highlighted by non-performing loans rising to $38.2 million in early 2026 and a relatively low loan loss coverage ratio of 76%. Given the bank's heavy concentration in commercial real estate (over 84% of the loan mix) and its reliance on wholesale funding, a cautious 'Hold' is recommended until credit metrics stabilize.

This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today.

Street view · analyst 12-month targets0 analysts

Our research · scenarios, merits, risks, and invalidation triggersResearch as of 18 Sep 2026

Scenarios · 12-month scenario targetsAnchored at research date

Bear CaseDownside scenario

$240.0020%

Commercial real estate defaults accelerate, forcing substantial provisions that wipe out operating profits. The low 76% coverage ratio proves inadequate, leading to capital pressure and a potential reduction in special dividends.

Base CaseCentral scenario

$295.0050%

NIM stabilizes around 2.10% - 2.20% and credit losses are gradually resolved without severe capital erosion. The bank maintains its regular quarterly dividend of $0.63 per share.

Bull CaseUpside scenario

$330.0030%

NIM expansion continues to accelerate as funding costs ease, driving core ROE back toward historical double-digit averages. The bank's structural efficiency remains a key competitive advantage, keeping operating expenses exceptionally low.

Scenarios reflect our research view at the research date.

Key Investment Merits

Strong operational efficiency with a cost-to-income ratio of 37.46% in Q2 2026.
Significant NIM recovery from 1.50% in Q1 2025 to 2.14% in Q2 2026.
Long-term track record of conservative management and capital preservation since 1993.

Key Investment Risks

High concentration in commercial real estate (84.1% of loan mix as of late 2025).
Rising non-performing loans, reaching $38.2 million in Q1 2026.
Relatively low loan loss coverage ratio of 76% relative to the NPL volume.
Heavy reliance on wholesale funding, with a high loan-to-deposit ratio.

Thesis Invalidation Triggers

A sudden spike in net charge-offs exceeding historical averages.
NIM compression reversing the recent positive trend.
Regulatory actions or capital requirement increases due to CRE concentration.

All scenarios are estimates and subject to change. Past performance is not indicative of future results.

Quality Pillars Members

This section is available to registered members. Create a free account or sign in to unlock the full breakdown.

Explore this dossier

ValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework.