Is Hingham Institution for Savings overvalued or undervalued?

As of 21 May 2025, the valuation grade for Hingham Institution for Savings has moved from expensive to fair. The company is currently fairly valued based on its financial metrics. Key ratios include a P/E ratio of 18, a Price to Book Value of 1.15, and an EV to EBITDA of 40.33.
In comparison to peers, Hingham's P/E ratio is higher than that of Provident Financial Services, Inc., which stands at 11.44, and Northwest Bancshares, Inc. at 12.93, both of which are considered very attractive. Despite a recent decline in stock performance relative to the S&P 500 over the year-to-date period, where Hingham's return is -9.14% compared to the S&P 500's 2.44%, the overall valuation suggests that the stock is fairly positioned within its industry.