HINGHAM INSTN SVGS DL 1

Hingham Institution for Savings shares fell about 8% after Wolfpack Research disclosed a short position and published a report. Wolfpack accuses the bank of failing to disclose foreclosures and distressed loans, identifies over $125 million of allegedly high‑risk, nonperforming loans, and names several specifically problematic loans. The short seller criticizes high leverage, inadequate reserves, dependence on market‑value gains in the securities portfolio, and sees potential downside of roughly 60% from capital erosion and valuation declines. » Mere på de.investing.com

The board of directors of Hingham Institution for Savings has approved a share buyback program of up to $20 million, subject to receipt of all regulatory approvals. The volume represents about 3% of the market capitalization and permits open-market purchases, privately negotiated transactions and block trades. The program is price-sensitive, non-binding and runs until December 6, 2026; the board intends to make annual decisions on the size and terms. At the same time, the bank announced a special dividend of $0.70 and the regular quarterly dividend of $0.63, payable on January 14, 2026. » Mere på de.investing.com