Hingham Institution for Savings (HIFS) in Royce Small-Cap Total Return Fund Q3 2024

Consistent Performance in the Banking Sector

Apr 14, 2025

Summary

Investment rationale: Strong financial fundamentals and conservative management.
Market positioning: Focused on community banking with a robust deposit base.
Risks and challenges: Interest rate fluctuations and regional economic conditions.
Recent performance: Positive contribution to the fund's return in Q3 2024.
Future outlook: Expected to maintain steady growth through prudent lending practices.

Hingham Institution for Savings (HIFS, Financial) was a notable contributor to the Royce Small-Cap Total Return Fund's performance in Q3 2024. The bank's conservative management approach and strong financial fundamentals have positioned it well within the community banking sector. HIFS's focus on maintaining a robust deposit base and prudent lending practices has been instrumental in its consistent performance.

"Hingham Institution for Savings continues to deliver solid results, driven by its conservative management and strong financial fundamentals." — Royce Investment Partners, Q3 2024 Fund Letter

Read full letter at gurufocus royce small cap total return fund q3 2024 commentary 2024 Q3 page.

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