Hingham Institution for Savings announced a $20 million share repurchase program authorized by its Board of Directors.
Quiver AI Summary
Hingham Institution for Savings has announced a share repurchase program, authorized by its Board of Directors, allowing the Bank to purchase up to $20 million of its outstanding common stock. This program, which has received the necessary regulatory approvals, will enable the Bank to repurchase shares using various methods, including open market purchases and block trades, while adhering to securities laws. The decision to repurchase shares will depend on the attractiveness of the return compared to other capital allocation options. The program is flexible, can be modified or suspended at any time, and is valid until December 6, 2026, with annual assessments planned. Established in 1834, Hingham Institution for Savings is among America's oldest banks, with a presence in multiple locations, and its shares are traded on NASDAQ under the symbol HIFS.
Potential Positives
- Authorization of a $20 million share repurchase program signals confidence in the company's financial health and value.
- The program allows flexibility in repurchase methods, indicating strategic capital management.
- Regular evaluation of capital allocation options suggests a proactive approach to enhancing shareholder value.
Potential Negatives
- The announcement of a share repurchase program may signal to investors that the company lacks profitable opportunities for growth or investment, which could be perceived as a lack of confidence in future earnings.
- The company retains the right to suspend, modify, or discontinue the repurchase program at any time, which may create uncertainty for shareholders regarding the company's commitment to returning capital.
- There is no guarantee that the repurchase will occur, as it is fundamentally price sensitive and dependent on senior management's assessment, possibly leading to skepticism among investors about the program’s effectiveness.
FAQ
What is the share repurchase program authorized by Hingham Institution for Savings?
The share repurchase program allows the Bank to buy back up to $20 million of its common stock.
How has Hingham Institution for Savings financed the share repurchase program?
The program has been financed after receiving all necessary regulatory approvals, allowing flexible execution methods for repurchases.
What methods can Hingham Institution for Savings use to repurchase shares?
The Bank may use open market purchases, privately negotiated transactions, and block trades for share repurchases.
How long is the share repurchase program authorized to run?
The program is authorized through December 6, 2026, with annual reviews of size and terms subject to regulatory approval.
Is there an obligation for Hingham to repurchase shares under the program?
No, the program is fundamentally price sensitive and does not obligate the Bank to buy any shares at any time.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$HIFS Hedge Fund Activity
We have seen 55 institutional investors add shares of $HIFS stock to their portfolio, and 47 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- STATE STREET CORP added 24,216 shares (+42.2%) to their portfolio in Q3 2025, for an estimated $6,387,696
- GOLDMAN SACHS GROUP INC added 16,642 shares (+507.1%) to their portfolio in Q3 2025, for an estimated $4,389,826
- TWO SIGMA INVESTMENTS, LP added 16,360 shares (+150.9%) to their portfolio in Q3 2025, for an estimated $4,315,440
- BANK OF AMERICA CORP /DE/ added 10,687 shares (+337.2%) to their portfolio in Q3 2025, for an estimated $2,819,016
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC added 10,658 shares (+228.5%) to their portfolio in Q3 2025, for an estimated $2,811,367
- UBS GROUP AG added 9,493 shares (+15.7%) to their portfolio in Q3 2025, for an estimated $2,504,063
- MILLENNIUM MANAGEMENT LLC added 8,823 shares (+230.8%) to their portfolio in Q3 2025, for an estimated $2,327,330
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
HINGHAM, Mass., Dec. 05, 2025 (GLOBE NEWSWIRE) -- HINGHAM INSTITUTION FOR SAVINGS (NASDAQ:HIFS) (“the Bank”), Hingham, Massachusetts, announced that its Board of Directors has authorized a share repurchase program (“the Program”) pursuant to which the Bank may repurchase up to $20 million of its outstanding common stock, having received all regulatory approvals as may be required. Under the Program, repurchases can be made from time to time using a variety of methods, which may include open market purchases, privately negotiated transactions, block trades, or any combination of such methods, in accordance with applicable securities laws and regulations.
The Bank regularly evaluates all capital allocation options, in light of the Bank’s capital requirements and the prospective returns on such options, including the incremental return on organic balance sheet growth, investments, dividends (both regular and special), and share repurchases. The Program permits the Bank to repurchase shares when, in the estimate of senior management, the return on share repurchases is attractive relative to alternative capital allocation options.
The Program is fundamentally price sensitive and does not obligate the Bank to acquire any shares at all. It may be suspended, modified, or discontinued at any time without prior notice.
The Program is authorized through December 6, 2026. The Board anticipates reconsidering the size and terms of the Program on an annual basis, subject to regulatory approval as may be required.
Incorporated in 1834, Hingham Institution for Savings is one of America’s oldest banks. The Bank maintains offices in Boston, Nantucket, Washington, D.C., and San Francisco.
The Bank’s shares of common stock are listed and traded on The NASDAQ Stock Market under the symbol HIFS.
CONTACT: Patrick R. Gaughen, President & Chief Operating Officer (781) 783-1761
