Balance Sheet Statement As Of 2020-12-31
With an A/L ratio of more than 1x, HIFS’s balance sheet looks stable. In Q4, the total amount of assets was equal to $2857 million, with total liabilities of $2564 million.
HIFS’s short term debt is less significant than the company’s cash. I believe that Hingham Institution For Savings may not have to worry about any liquidity risk. In my experience, HIFS is cheap. In addition, notice that the cash per share is equal to $109, and the stock price is $285. 6. HIFS’s debt to equity ratio is below 2x. Therefore, the debt level appears to be under control. Note that Hingham Institution For Savings reports cash and cash equivalents of $233 million, and net debt of $174 million.
Quarterly Figures For The Quarter Ended 2020-12-31
In Q4 HIFS reported quarterly sales of $29 million. HIFS also released positive net income of $17. 042 million. I think that the company’s performance is good.
Assessment of Investors Activity
I assume sales of $94 million. So, HIFS trades at 6x forward sales. In my view, it can be justified due to the fact that Hingham Institution For Savings has decent margins. Institutional shareholders MORGAN STANLEY, TWO SIGMA INVESTMENTS, LP, and Grandeur Peak Global Advisors, LLC are Hingham Institution For Savings investors.
About Hingham Institution For Savings
Hingham Institution for Savings provides community banking services. The company is headquartered in Hingham, Massachusetts. The Bank is principally engaged in the business of residential and commercial real estate mortgage lending, funded by a retail deposit network and borrowings.
If you see an error, please contact the editor. We don’t own HIFS’s shares, and this is our opinion. We do not offer a recommendation to buy or sell any stock.