Hingham Institution for Savings (HIFS)
Family-run multifamily and commercial real estate lender concentrated in a handful of coastal U.S. markets.
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Lends against multifamily and commercial real estate across a handful of coastal markets — the Boston South Shore, Nantucket, Washington D.C., and the San Francisco Bay Area — funded by branch deposits and wholesale borrowing. Family-run since 1993, it operates with an unusually lean staff and a long-run, low-risk lending discipline.
Lends against multifamily and commercial real estate in a handful of coastal markets — Boston's South Shore, Nantucket, Washington D.C., and the San Francisco Bay Area — funded by branch deposits and wholesale borrowings such as Federal Home Loan Bank advances.
Family-controlled since a 1993 proxy contest that replaced management after a lending crisis, it runs with a lean staff and writes long-run, owner-oriented shareholder letters that favor discipline over growth and rule out unfamiliar business lines.
Chartered in Massachusetts as a savings bank, it reports to the FDIC rather than the SEC and has grown almost entirely from retained earnings, not acquisitions. Long-duration real estate loans funded by faster-repricing deposits and wholesale borrowing make earnings sensitive to the interest-rate cycle.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $5.5M · Total debt $1.41B · Total assets $4.56B · Shareholders' equity $507.4M
- Revenue
- $72.0M
- Operating income
- $33.4M
- Net income
- $25.4M
HistoryDividendAnnual yield
| Institutions | ≈ 71.70% | 1.56M shares | |
|---|---|---|---|
| 138 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Other | ≈ 28.30% | 617.1K shares | |
| remainder | |||
2.18M company shares as of Aug 21, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Maren Capital LLCInstitution | 8.88% | 193,531 | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 7.04% | 153,549 | as of Jun 30, 2026 |
Doma Perpetual Capital Management LLCInstitution | 5.66% | 123,437 | as of Jun 30, 2026 |
Royce & Associates LPInstitution | 5.02% | 109,447 | as of Jun 30, 2026 |
State Street CorpInstitution | 4.14% | 90,215 | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Independent Bank
Head-to-head in South Shore branches and Greater Boston multifamily lending
- Eastern Bankshares
Greater Boston CRE lending and affluent private-banking competition
- Eagle Bancorp
Direct rival in Washington D.C. commercial real estate lending
- Beacon Financial
Greater Boston multifamily/CRE rival via the former Brookline Bank
- Washington Trust Bancorp
Expanding rival for Greater Boston multifamily/CRE and deposits
- Bank of Marin
Head-to-head in San Francisco Bay Area multifamily and CRE lending
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Hingham Institution for Savings | $299.42 | −1.57% | $663.2M | 10.1 | — | 2.7 | +33.1% |
| Independent Bank | $80.58 | +0.35% | $3.87B | 14.5 | 10.4 | 3.1 | +1.1% |
| Eastern Bankshares | $21.38 | +0.02% | $4.94B | 12.1 | 10.6 | 3.5 | +29.6% |
| Eagle Bancorp | $28.07 | +0.17% | $854.5M | — | 14.9 | 1.4 | −1.5% |
| Beacon Financial | $28.26 | −0.58% | $2.39B | 21.5 | 8.9 | 2.1 | +92.8% |
| Washington Trust Bancorp | $38.65 | −0.66% | $741.8M | 13.5 | 11.3 | 1.9 | +11.4% |
| Bank of Marin | $28.04 | +0.14% | $453.3M | 6.9 | 12.1 | 2.3 | +73.1% |
| Median | 13.5 | 11.0 | 2.2 | +20.5% |