Signaturefd LLC Increases Stake in First Hawaiian, Inc. (NASDAQ:FHB)

Signaturefd LLC increased its position in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 26.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,232 shares of the bank’s stock after purchasing an additional 1,320 shares during the period. Signaturefd LLC’s holdings in First Hawaiian were worth $142,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in FHB. Golden State Equity Partners boosted its position in First Hawaiian by 12.7% during the third quarter. Golden State Equity Partners now owns 15,655 shares of the bank’s stock valued at $283,000 after purchasing an additional 1,760 shares in the last quarter. Raymond James & Associates boosted its position in First Hawaiian by 2.0% during the third quarter. Raymond James & Associates now owns 910,766 shares of the bank’s stock valued at $16,439,000 after purchasing an additional 18,105 shares in the last quarter. Bank of New York Mellon Corp boosted its position in First Hawaiian by 12.4% during the third quarter. Bank of New York Mellon Corp now owns 1,879,410 shares of the bank’s stock valued at $33,923,000 after purchasing an additional 207,383 shares in the last quarter. Reinhart Partners LLC. boosted its position in First Hawaiian by 6.5% during the third quarter. Reinhart Partners LLC. now owns 2,043,357 shares of the bank’s stock valued at $36,883,000 after purchasing an additional 124,590 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in First Hawaiian by 16.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,103 shares of the bank’s stock valued at $453,000 after purchasing an additional 3,559 shares in the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

First Hawaiian Stock Performance

Shares of NASDAQ FHB opened at $21.89 on Monday. The company has a market cap of $2.79 billion, a PE ratio of 12.58 and a beta of 1.01. The business has a 50-day simple moving average of $21.30 and a two-hundred day simple moving average of $20.81. First Hawaiian, Inc. has a fifty-two week low of $15.08 and a fifty-two week high of $23.22.

First Hawaiian (NASDAQ:FHB) last released its earnings results on Friday, April 26th. The bank reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. First Hawaiian had a return on equity of 9.87% and a net margin of 20.90%. The firm had revenue of $205.80 million during the quarter, compared to the consensus estimate of $202.41 million. On average, sell-side analysts predict that First Hawaiian, Inc. will post 1.69 earnings per share for the current fiscal year.

First Hawaiian Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 20th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date of this dividend is Friday, May 17th. First Hawaiian’s dividend payout ratio (DPR) is 59.77%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on FHB shares. Barclays started coverage on First Hawaiian in a research report on Friday, March 8th. They set an “equal weight” rating and a $25.00 price objective on the stock. StockNews.com raised First Hawaiian to a “sell” rating in a report on Friday, January 19th. Finally, Wells Fargo & Company raised their price target on First Hawaiian from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Monday, January 29th. Three investment analysts have rated the stock with a sell rating and one has issued a hold rating to the stock. According to data from MarketBeat, First Hawaiian presently has an average rating of “Reduce” and a consensus price target of $21.60.

First Hawaiian Company Profile

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