Yousif Capital Management LLC Has $1.15 Million Position in First Hawaiian, Inc. (NASDAQ:FHB)

Yousif Capital Management LLC lessened its stake in First Hawaiian, Inc. (NASDAQ:FHB) by 3.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 46,857 shares of the bank’s stock after selling 1,629 shares during the quarter. Yousif Capital Management LLC’s holdings in First Hawaiian were worth $1,145,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FHB. Jones Financial Companies Lllp bought a new position in First Hawaiian in the 4th quarter worth $36,000. Global Retirement Partners LLC grew its position in shares of First Hawaiian by 32.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank’s stock valued at $74,000 after purchasing an additional 693 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of First Hawaiian by 65.1% in the first quarter. Versant Capital Management Inc now owns 3,128 shares of the bank’s stock worth $76,000 after purchasing an additional 1,233 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of First Hawaiian by 280.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,980 shares of the bank’s stock worth $103,000 after purchasing an additional 2,934 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of First Hawaiian by 26.0% during the 1st quarter. Parallel Advisors LLC now owns 4,462 shares of the bank’s stock worth $109,000 after purchasing an additional 920 shares during the last quarter. Institutional investors and hedge funds own 97.63% of the company’s stock.

First Hawaiian Stock Performance

NASDAQ:FHB opened at $23.04 on Wednesday. The company has a market cap of $2.90 billion, a PE ratio of 12.52, a PEG ratio of 4.17 and a beta of 0.83. The stock has a 50-day simple moving average of $23.39 and a 200 day simple moving average of $25.00. First Hawaiian, Inc. has a 52-week low of $19.89 and a 52-week high of $28.80.

First Hawaiian (NASDAQ:FHB) last released its earnings results on Wednesday, April 23rd. The bank reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. First Hawaiian had a return on equity of 8.99% and a net margin of 20.36%. The business had revenue of $211.00 million for the quarter, compared to the consensus estimate of $210.24 million. During the same quarter in the previous year, the business earned $0.42 earnings per share. First Hawaiian’s quarterly revenue was up 2.5% on a year-over-year basis. On average, research analysts predict that First Hawaiian, Inc. will post 1.95 earnings per share for the current fiscal year.

First Hawaiian Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.51%. The ex-dividend date was Monday, May 19th. First Hawaiian’s payout ratio is presently 56.52%.

Analysts Set New Price Targets

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

About First Hawaiian

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.