First Hawaiian, Inc. (NASDAQ:FHB) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its holdings in First Hawaiian, Inc. (NASDAQ:FHBGet Rating) by 9.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,109 shares of the bank’s stock after acquiring an additional 2,400 shares during the quarter. Handelsbanken Fonder AB’s holdings in First Hawaiian were worth $668,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FHB. Castle Wealth Management LLC purchased a new position in shares of First Hawaiian in the second quarter worth about $35,000. Eagle Bay Advisors LLC purchased a new position in shares of First Hawaiian in the second quarter worth about $36,000. Venture Visionary Partners LLC purchased a new position in First Hawaiian during the second quarter valued at approximately $41,000. Wipfli Financial Advisors LLC purchased a new position in First Hawaiian during the third quarter valued at approximately $47,000. Finally, Point72 Hong Kong Ltd purchased a new position in First Hawaiian during the second quarter valued at approximately $50,000. Institutional investors and hedge funds own 97.77% of the company’s stock.

Analysts Set New Price Targets

FHB has been the subject of several recent research reports. JPMorgan Chase & Co. upgraded First Hawaiian from an “underweight” rating to a “neutral” rating and set a $26.00 price target for the company in a research report on Tuesday, December 13th. Compass Point dropped their price objective on First Hawaiian to $26.00 in a report on Tuesday, November 1st. Finally, StockNews.com lowered First Hawaiian from a “hold” rating to a “sell” rating in a report on Tuesday. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $28.00.

First Hawaiian Stock Up 0.3 %

NASDAQ:FHB opened at $26.36 on Wednesday. First Hawaiian, Inc. has a 52 week low of $21.21 and a 52 week high of $31.16. The company has a market capitalization of $3.37 billion, a P/E ratio of 13.95, a P/E/G ratio of 7.63 and a beta of 1.04. The stock’s fifty day moving average is $25.73 and its two-hundred day moving average is $25.38.

First Hawaiian (NASDAQ:FHBGet Rating) last posted its quarterly earnings data on Friday, October 28th. The bank reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. First Hawaiian had a return on equity of 10.82% and a net margin of 31.29%. The firm had revenue of $208.59 million for the quarter, compared to the consensus estimate of $210.27 million. Sell-side analysts anticipate that First Hawaiian, Inc. will post 2.02 earnings per share for the current fiscal year.

First Hawaiian Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 2nd. Stockholders of record on Monday, November 21st were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, November 18th. This represents a $1.04 annualized dividend and a dividend yield of 3.95%. First Hawaiian’s dividend payout ratio is currently 55.03%.

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.

Featured Stories

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

Receive News & Ratings for First Hawaiian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Hawaiian and related companies with MarketBeat.com's FREE daily email newsletter.