Introduction To Hingham Institution For Savings
Hingham Institution for Savings (NASDAQ:HIFS) was founded in 1834 as a mutual savings bank on the outskirts of Boston, Massachusetts. Starting as a mutual savings bank is important because
Hingham Is The Best Bank Stock
Summary
- Hingham Institution for Savings can own securities because it used to be a mutual savings bank. It has made savvy investments.
- The bank has low costs and has low fees. It thinks like a fintech firm even though it was founded in 1834.
- Hingham has amazing management who have been/will be with the company for life.
- The bank rarely gives out bad loans and has a superior return on equity.
- Investors steadily get dividend increases each quarter along with special dividends in Q4.
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Analyst’s Disclosure:I am/we are long HIFS, MCO, CFBK, EFSC. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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