Swiss National Bank Reduces Holdings in First Hawaiian, Inc. (NASDAQ:FHB)

Swiss National Bank reduced its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHBGet Rating) by 1.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 300,267 shares of the bank’s stock after selling 4,300 shares during the quarter. Swiss National Bank owned approximately 0.23% of First Hawaiian worth $6,819,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. American Century Companies Inc. increased its holdings in First Hawaiian by 30.1% during the 1st quarter. American Century Companies Inc. now owns 6,794,188 shares of the bank’s stock valued at $189,490,000 after acquiring an additional 1,570,922 shares in the last quarter. State Street Corp increased its holdings in First Hawaiian by 11.1% during the 1st quarter. State Street Corp now owns 6,220,533 shares of the bank’s stock valued at $173,491,000 after acquiring an additional 622,623 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of First Hawaiian by 3.5% during the first quarter. Dimensional Fund Advisors LP now owns 2,488,449 shares of the bank’s stock worth $69,406,000 after buying an additional 84,992 shares in the last quarter. Yacktman Asset Management LP grew its holdings in shares of First Hawaiian by 0.3% during the second quarter. Yacktman Asset Management LP now owns 2,184,764 shares of the bank’s stock worth $49,616,000 after buying an additional 7,499 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of First Hawaiian by 27.8% during the first quarter. Northern Trust Corp now owns 1,401,235 shares of the bank’s stock worth $39,081,000 after buying an additional 304,823 shares in the last quarter. 98.83% of the stock is currently owned by hedge funds and other institutional investors.

First Hawaiian Stock Performance

FHB opened at $26.62 on Wednesday. The company’s 50 day simple moving average is $25.75 and its 200 day simple moving average is $25.06. First Hawaiian, Inc. has a 1 year low of $21.21 and a 1 year high of $31.16. The stock has a market capitalization of $3.40 billion, a PE ratio of 14.08, a P/E/G ratio of 4.03 and a beta of 1.06.

First Hawaiian (NASDAQ:FHBGet Rating) last released its earnings results on Friday, October 28th. The bank reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. First Hawaiian had a net margin of 31.29% and a return on equity of 10.82%. The business had revenue of $208.59 million for the quarter, compared to analysts’ expectations of $210.27 million. As a group, sell-side analysts expect that First Hawaiian, Inc. will post 2.02 earnings per share for the current fiscal year.

First Hawaiian Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Monday, November 21st will be given a $0.26 dividend. The ex-dividend date is Friday, November 18th. This represents a $1.04 annualized dividend and a dividend yield of 3.91%. First Hawaiian’s dividend payout ratio is presently 55.03%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FHB. Compass Point lowered their price target on shares of First Hawaiian to $26.00 in a report on Tuesday, November 1st. StockNews.com upgraded shares of First Hawaiian from a “sell” rating to a “hold” rating in a report on Friday, November 4th.

About First Hawaiian

(Get Rating)

First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking services to consumer and commercial customers in the United States. It operates through three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company accepts various deposit products, including checking and savings accounts, and other deposit accounts.

See Also

Institutional Ownership by Quarter for First Hawaiian (NASDAQ:FHB)

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