Critical Comparison: Blue Foundry Bancorp (NASDAQ:BLFY) and Hingham Institution for Savings (NASDAQ:HIFS)

Blue Foundry Bancorp (NASDAQ:BLFYGet Rating) and Hingham Institution for Savings (NASDAQ:HIFSGet Rating) are both small-cap finance companies, but which is the superior business? We will compare the two businesses based on the strength of their institutional ownership, analyst recommendations, dividends, profitability, valuation, risk and earnings.

Profitability

This table compares Blue Foundry Bancorp and Hingham Institution for Savings’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Blue Foundry Bancorp -28.69% -4.29% -0.91%
Hingham Institution for Savings 39.23% 16.52% 1.62%

Earnings & Valuation

This table compares Blue Foundry Bancorp and Hingham Institution for Savings’ top-line revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Blue Foundry Bancorp $58.53 million 6.17 -$36.34 million ($0.68) -19.04
Hingham Institution for Savings $125.80 million 4.70 $67.46 million $19.16 14.35

Hingham Institution for Savings has higher revenue and earnings than Blue Foundry Bancorp. Blue Foundry Bancorp is trading at a lower price-to-earnings ratio than Hingham Institution for Savings, indicating that it is currently the more affordable of the two stocks.

Institutional & Insider Ownership

43.6% of Blue Foundry Bancorp shares are owned by institutional investors. 1.2% of Blue Foundry Bancorp shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Volatility and Risk

Blue Foundry Bancorp has a beta of 0.35, indicating that its stock price is 65% less volatile than the S&P 500. Comparatively, Hingham Institution for Savings has a beta of 0.91, indicating that its stock price is 9% less volatile than the S&P 500.

Analyst Recommendations

This is a summary of current recommendations for Blue Foundry Bancorp and Hingham Institution for Savings, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Blue Foundry Bancorp 0 1 0 0 2.00
Hingham Institution for Savings 0 0 0 0 N/A

Blue Foundry Bancorp presently has a consensus price target of $13.25, indicating a potential upside of 2.32%. Given Blue Foundry Bancorp’s higher possible upside, analysts clearly believe Blue Foundry Bancorp is more favorable than Hingham Institution for Savings.

Summary

Hingham Institution for Savings beats Blue Foundry Bancorp on 8 of the 12 factors compared between the two stocks.

About Blue Foundry Bancorp

(Get Rating)

Blue Foundry Bancorp operates as a bank holding company for Blue Foundry Bank, a savings bank that offers various banking products and services for individuals and businesses. The company offers deposits; and loans, such as one-to-four family residential property, home equity, commercial real estate, multi-family, construction, commercial and industrial, and other consumer loans, as well as home equity lines of credit. As of December 31, 2021, it operated 17 full-service branch offices located in northern New Jersey. The company was formerly known as Boiling Springs Bancorp and changed its name to Blue Foundry Bancorp in July 2019. Blue Foundry Bancorp was founded in 1939 and is based in Rutherford, New Jersey.

About Hingham Institution for Savings

(Get Rating)

Hingham Institution for Savings provides various financial products and services to individuals and businesses in the United States. It offers savings, checking, money market, demand deposit, and negotiable order of withdrawal accounts, as well as certificates of deposit. The company also provides commercial and residential real estate, construction, home equity, commercial, and consumer loans. In addition, it offers ATMs, debit cards, and Internet-based banking services. The company offers its services through a network of six offices in Boston and eastern Massachusetts; and commercial lenders and relationship managers in Washington. Hingham Institution for Savings was incorporated in 1834 and is headquartered in Hingham, Massachusetts.

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