Hoyne Bancorp (HYNE)
Market Price (2/4/2026): $14.43 | Market Cap: $-Sector: Financials | Industry: Regional Banks
Hoyne Bancorp (HYNE)
Market Price (2/4/2026): $14.43Market Cap: $-Sector: FinancialsIndustry: Regional Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Low stock price volatilityVol 12M is 17% | Trading close to highsDist 52W High is -2.2%, Dist 3Y High is -2.2% | Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -11%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -16% |
| Megatrend and thematic driversMegatrends include Local & Community Banking. Themes include Community Lending, Local Deposit Solutions, and Personalized Financial Services. | Weak multi-year price returns2Y Excs Rtn is -38%, 3Y Excs Rtn is -68% | Key risksHYNE key risks include credit quality deterioration from [1] a potential overconcentration in its commercial real estate and consumer loan portfolios and [2] elevated delinquencies already noted in consumer credit cards. |
| Low stock price volatilityVol 12M is 17% |
| Megatrend and thematic driversMegatrends include Local & Community Banking. Themes include Community Lending, Local Deposit Solutions, and Personalized Financial Services. |
| Trading close to highsDist 52W High is -2.2%, Dist 3Y High is -2.2% |
| Weak multi-year price returns2Y Excs Rtn is -38%, 3Y Excs Rtn is -68% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -11%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -16% |
| Key risksHYNE key risks include credit quality deterioration from [1] a potential overconcentration in its commercial real estate and consumer loan portfolios and [2] elevated delinquencies already noted in consumer credit cards. |
Qualitative Assessment
AI Analysis | Feedback
1. Successful Conversion and Strong IPO Debut: Hoyne Bancorp completed its strategic conversion from a mutual holding company to a stock holding company, which was well-received by the market. The company's Initial Public Offering (IPO) was notably oversubscribed by eligible account holders, reflecting robust investor confidence. Shares debuted on NASDAQ on December 4, 2025, at $13.35, significantly above its IPO pricing of $10.00 per share.
2. Enhanced Capital Flexibility for Growth Initiatives: The IPO successfully raised approximately $79.4 million in gross proceeds. This capital infusion provides Hoyne Bancorp with increased financial flexibility to pursue organic growth, expand its operations, or potentially engage in merger and acquisition activities, strategically positioning the company within a changing financial landscape.
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
10/31/2025 to 2/3/2026| Return | Correlation | |
|---|---|---|
| HYNE | ||
| Market (SPY) | 1.1% | 3.6% |
| Sector (XLF) | 2.2% | 14.4% |
Fundamental Drivers
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Market Drivers
7/31/2025 to 2/3/2026| Return | Correlation | |
|---|---|---|
| HYNE | ||
| Market (SPY) | 9.4% | 3.6% |
| Sector (XLF) | 2.6% | 14.4% |
Fundamental Drivers
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Market Drivers
1/31/2025 to 2/3/2026| Return | Correlation | |
|---|---|---|
| HYNE | ||
| Market (SPY) | 15.6% | 3.6% |
| Sector (XLF) | 5.1% | 14.4% |
Fundamental Drivers
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Market Drivers
1/31/2023 to 2/3/2026| Return | Correlation | |
|---|---|---|
| HYNE | ||
| Market (SPY) | 75.9% | 3.6% |
| Sector (XLF) | 53.1% | 14.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| HYNE Return | - | - | - | - | 3% | -0% | 3% |
| Peers Return | 42% | -20% | 22% | 16% | 9% | 15% | 101% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 2% | 86% |
Monthly Win Rates [3] | |||||||
| HYNE Win Rate | - | - | - | - | 100% | 50% | |
| Peers Win Rate | 62% | 47% | 45% | 60% | 55% | 90% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| HYNE Max Drawdown | - | - | - | - | -2% | -2% | |
| Peers Max Drawdown | -6% | -34% | -31% | -15% | -25% | -0% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: USB, TFC, AX, LOB, AMAL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/3/2026 (YTD)
How Low Can It Go
HYNE has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -26.9% | -25.4% |
| % Gain to Breakeven | 36.7% | 34.1% |
| Time to Breakeven | 525 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -43.3% | -33.9% |
| % Gain to Breakeven | 76.5% | 51.3% |
| Time to Breakeven | 295 days | 148 days |
| 2018 Correction | ||
| % Loss | -26.1% | -19.8% |
| % Gain to Breakeven | 35.2% | 24.7% |
| Time to Breakeven | 338 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -83.7% | -56.8% |
| % Gain to Breakeven | 515.2% | 131.3% |
| Time to Breakeven | 4,470 days | 1,480 days |
Compare to USB, TFC, AX, LOB, AMAL
In The Past
SPDR Select Sector Fund's stock fell -26.9% during the 2022 Inflation Shock from a high on 1/12/2022. A -26.9% loss requires a 36.7% gain to breakeven.
Preserve Wealth
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Asset Allocation
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About Hoyne Bancorp (HYNE)
AI Analysis | Feedback
1. Think of it as an independent, neighborhood bank, much like a local branch of Bank of America or Chase, but operating as its own smaller, community-focused entity.
2. A 'Main Street' community bank, similar to a scaled-down, independent version of a regional bank like PNC or U.S. Bancorp, serving a specific local area.
AI Analysis | Feedback
- Deposit Accounts: Services enabling customers to safely store funds and earn interest, encompassing checking, savings, money market, and certificates of deposit.
- Residential Mortgage Loans: Financing provided to individuals for the purchase, construction, or refinancing of owner-occupied and investment residential properties.
- Commercial Real Estate Loans: Loans extended to businesses and investors for the acquisition, development, or refinancing of income-producing commercial properties.
- Construction Loans: Short-term financing for the building or renovation of residential and commercial properties.
- Consumer Loans: Credit products offered to individuals for personal use, such as home equity lines of credit, auto loans, and personal loans.
AI Analysis | Feedback
Hoyne Bancorp (symbol: HYNE) primarily serves a diverse base of individual consumers and businesses, typical for a community bank. Its customer base is generally dispersed across numerous clients, and specific customer names are not publicly disclosed due to client confidentiality. The company sells its services through its subsidiary, Hoyne Savings Bank. Its major customer categories include:
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Individual Consumers: This category encompasses individuals and households utilizing the bank for personal financial services. These services include checking accounts, savings accounts, money market accounts, certificates of deposit (CDs), individual retirement accounts (IRAs), and various personal lending products such as residential mortgages, home equity loans, and other personal loans.
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Small to Medium-sized Businesses (SMBs): Hoyne Bancorp provides essential commercial banking services to local and regional small to medium-sized businesses. This includes business checking and savings accounts, commercial real estate loans, business term loans, lines of credit, and other financing solutions tailored to support their operations, growth, and investment needs.
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Hoyne Bancorp (HYNE) Management Team:Walter Healy President, CEO & Director
Walter Healy assumed the role of President of Hoyne Savings Bank in 2023 and became CEO in September 2024. He has also served as President, CEO & Director of Hoyne Bancorp, Inc. since 2024. Before joining Hoyne Savings Bank in 2022 as executive vice president of commercial lending, Healy spent more than 15 years as president and CEO of Community Bank of Oak Park River Forest.
Tom Manfre Executive Vice President – CFO
Tom Manfre holds the position of Executive Vice President – CFO at Hoyne Savings Bank.
Steven F. Rosenbaum Director, CEO of Hoyne Savings Bank, CEO and President of Hoyne Financial Corporation and Hoyne Savings MHC
Steven F. Rosenbaum led the organization as President and CEO from 2017 until Walter Healy's succession. He remains actively involved, continuing to serve as CEO of Hoyne Savings Bank and as CEO and President of the bank's holding companies, Hoyne Financial Corporation and Hoyne Savings MHC. Rosenbaum played a key role in guiding the organization through several mergers and focusing on bank operations.
AI Analysis | Feedback
Hoyne Bancorp (NASDAQ: HYNE) faces several key risks to its business, primarily stemming from the broader banking environment and regulatory landscape. * Regulatory Uncertainty: The ongoing regulatory shifts, particularly the final implementation of Basel III, present a significant risk. Delays in its full implementation, potentially until 2026, could lead to increased compliance costs for Hoyne Bancorp and reshape the competitive environment for smaller banks. * Interest Rate Volatility: The profitability of Hoyne Bancorp, particularly its net interest margins (NIMs), is highly sensitive to fluctuations in interest rates and shifts in Federal Reserve policy. A sustained period of low interest rates could exert pressure on these margins, impacting the company's overall profitability. * Credit Quality: Hoyne Bancorp is exposed to credit risks, especially if there is an overconcentration in certain loan portfolios, such as commercial real estate (CRE) or consumer loans. A slowdown in economic growth could lead to a deterioration in loan quality, with delinquencies in consumer loans, particularly credit cards, already noted as elevated.AI Analysis | Feedback
Competition from digital-only banks and financial technology (FinTech) companies. These entities leverage technology to offer banking services with lower overhead, often better rates, and superior digital user experiences, directly challenging the traditional community bank model by attracting customers who prioritize convenience and digital accessibility over physical branches.
AI Analysis | Feedback
Hoyne Bancorp (HYNE) operates as the bank holding company for Hoyne Savings Bank, which provides a range of financial products and services primarily to individuals and businesses in the Chicagoland area, making the United States the relevant market region.
The main products and services offered by Hoyne Bancorp's subsidiary, Hoyne Savings Bank, include deposit accounts (such as NOW, money market, savings, and certificates of deposit accounts), commercial real estate loans, commercial and industrial loans, residential property loans, and home equity loans and lines of credit.
The addressable markets for these services in the U.S. are:
- Community Banking Market (U.S.): The U.S. community banking market was valued at approximately $205.4 billion in 2024. This market encompasses various services including deposit-taking, commercial and industrial lending, and other consumer loans, catering to the needs of local businesses and individuals.
- Home Loan/Mortgage Lending Market (U.S.): The U.S. home loan market size is estimated at approximately $2.29 trillion in 2025 and is projected to grow to $3.02 trillion by 2030. This market includes residential property loans and home equity loans and lines of credit offered by Hoyne Bancorp.
AI Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for Hoyne Bancorp (HYNE) over the next 2-3 years:
- Loan Growth Catalysts: Hoyne Bancorp could expand its Small Business Lending (SBL) portfolio, potentially utilizing government-backed guarantees such as Small Business Administration (SBA) loans.
- Mergers and Acquisitions (M&A) Opportunities: The ongoing consolidation within the smaller bank sector may create opportunities for Hoyne Bancorp to act as an acquirer or to become an acquisition target itself.
- Fintech Integration: Partnerships with digital payment platforms represent a growth avenue that could lead to increased revenue.
- Community Banking Niche: The company's focus on serving small businesses and households in underserved regions, emphasizing local decision-making and trust, is expected to drive growth.
- Diversified Loan Portfolio: A strategic mix of loan types, including small business loans, residential rehabilitation loans, and securities-backed credit lines, is anticipated to contribute to revenue stability and growth.
AI Analysis | Feedback
Capital Allocation Decisions for Hoyne Bancorp (HYNE)
Share Issuance
- Hoyne Bancorp, Inc. completed a subscription offering, selling 7,935,000 shares of common stock at a price of $10.00 per share, resulting in gross offering proceeds of approximately $79.4 million.
- This issuance included 647,755 shares sold to the Hoyne Savings Bank's Employee Stock Ownership Plan (ESOP).
- Upon completion of the conversion and subscription offering on December 3, 2025, Hoyne Bancorp has 8,096,938 shares of common stock issued and outstanding, which also includes 161,938 shares contributed to the Hoyne Charitable Foundation, Inc.
Research & Analysis
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Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 47.36 |
| Mkt Cap | 5.5 |
| Rev LTM | 927 |
| Op Inc LTM | - |
| FCF LTM | 460 |
| FCF 3Y Avg | 384 |
| CFO LTM | 494 |
| CFO 3Y Avg | 420 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.4% |
| Rev Chg 3Y Avg | 9.5% |
| Rev Chg Q | 9.8% |
| QoQ Delta Rev Chg LTM | 2.4% |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 35.7% |
| CFO/Rev 3Y Avg | 38.2% |
| FCF/Rev LTM | 33.5% |
| FCF/Rev 3Y Avg | 38.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 5.5 |
| P/S | 3.5 |
| P/EBIT | - |
| P/E | 12.7 |
| P/CFO | 9.5 |
| Total Yield | 9.8% |
| Dividend Yield | 1.4% |
| FCF Yield 3Y Avg | 14.1% |
| D/E | 0.2 |
| Net D/E | -0.5 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 10.4% |
| 3M Rtn | 26.3% |
| 6M Rtn | 28.2% |
| 12M Rtn | 21.6% |
| 3Y Rtn | 32.2% |
| 1M Excs Rtn | 9.5% |
| 3M Excs Rtn | 25.0% |
| 6M Excs Rtn | 19.4% |
| 12M Excs Rtn | 4.1% |
| 3Y Excs Rtn | -35.6% |
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Manfre, Thomas S | EVP AND CFO | the Thomas S. Manfre III Trust U/A DTD 4/23/2018 | Buy | 12052025 | 10.00 | 1,975 | 19,750 | 19,750 | Form |
| 2 | Manfre, Thomas S | EVP AND CFO | the Thomas J. Manfre IV Special Needs Trust U/A DTD 4/23/2018 | Buy | 12052025 | 13.75 | 4,280 | 58,850 | 86,006 | Form |
| 3 | Manfre, Thomas S | EVP AND CFO | the Grace C. Manfre Special Needs Trust U/A DTD 4/23/2018 | Buy | 12052025 | 13.75 | 4,233 | 58,204 | 144,210 | Form |
| 4 | Manfre, Thomas S | EVP AND CFO | the Thomas S. Manfre III Trust U/A DTD 4/23/2018 | Buy | 12052025 | 13.94 | 7,729 | 107,742 | 253,945 | Form |
| 5 | Healy, Walter F | PRESIDENT, CEO AND DIRECTOR | Spouse | Buy | 12052025 | 10.00 | 23,925 | 239,250 | 239,250 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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