First Hawaiian, Inc. (NASDAQ:FHB) Shares Sold by UMB Bank n.a.

UMB Bank n.a. trimmed its stake in First Hawaiian, Inc. (NASDAQ:FHB) by 62.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,593 shares of the bank’s stock after selling 5,999 shares during the quarter. UMB Bank n.a.’s holdings in First Hawaiian were worth $88,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of First Hawaiian during the 4th quarter worth about $36,266,000. Raymond James Financial Inc. acquired a new position in First Hawaiian during the fourth quarter valued at approximately $32,086,000. Alliancebernstein L.P. grew its stake in First Hawaiian by 19.7% during the fourth quarter. Alliancebernstein L.P. now owns 5,244,211 shares of the bank’s stock worth $136,087,000 after buying an additional 864,420 shares during the period. Balyasny Asset Management L.P. grew its stake in First Hawaiian by 427.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 617,717 shares of the bank’s stock worth $16,030,000 after buying an additional 500,535 shares during the period. Finally, Reinhart Partners LLC. increased its position in shares of First Hawaiian by 15.1% in the first quarter. Reinhart Partners LLC. now owns 2,325,881 shares of the bank’s stock worth $56,845,000 after acquiring an additional 305,439 shares in the last quarter. Institutional investors and hedge funds own 97.63% of the company’s stock.

First Hawaiian Price Performance

Shares of FHB stock opened at $24.15 on Friday. The company’s fifty day moving average price is $23.29 and its two-hundred day moving average price is $25.11. The firm has a market capitalization of $3.04 billion, a P/E ratio of 13.49, a P/E/G ratio of 3.28 and a beta of 0.83. First Hawaiian, Inc. has a 12 month low of $19.54 and a 12 month high of $28.80.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. The business had revenue of $211.00 million for the quarter, compared to analysts’ expectations of $210.24 million. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 earnings per share. On average, sell-side analysts anticipate that First Hawaiian, Inc. will post 1.95 EPS for the current year.

First Hawaiian Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend was Monday, May 19th. First Hawaiian’s payout ratio is 56.52%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of First Hawaiian from $26.00 to $25.00 and set an “underweight” rating on the stock in a report on Thursday, April 24th. Barclays cut their price objective on First Hawaiian from $30.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company reduced their price objective on First Hawaiian from $24.00 to $22.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods decreased their target price on First Hawaiian from $30.00 to $28.00 and set a “market perform” rating for the company in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, First Hawaiian has an average rating of “Hold” and a consensus target price of $27.29.

First Hawaiian 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.