Natixis Advisors LLC Decreases Stake in First Hawaiian, Inc. (NASDAQ:FHB)

Natixis Advisors LLC reduced its position in First Hawaiian, Inc. (NASDAQ:FHB) by 6.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 20,754 shares of the bank’s stock after selling 1,375 shares during the period. Natixis Advisors LLC’s holdings in First Hawaiian were worth $507,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in FHB. Versant Capital Management Inc lifted its holdings in shares of First Hawaiian by 65.1% in the 1st quarter. Versant Capital Management Inc now owns 3,128 shares of the bank’s stock valued at $76,000 after buying an additional 1,233 shares during the period. Parallel Advisors LLC lifted its position in shares of First Hawaiian by 26.0% in the first quarter. Parallel Advisors LLC now owns 4,462 shares of the bank’s stock valued at $109,000 after acquiring an additional 920 shares in the last quarter. GAMMA Investing LLC grew its position in shares of First Hawaiian by 36.4% in the first quarter. GAMMA Investing LLC now owns 4,943 shares of the bank’s stock valued at $121,000 after purchasing an additional 1,319 shares during the period. Sterling Capital Management LLC grew its position in shares of First Hawaiian by 51.0% in the fourth quarter. Sterling Capital Management LLC now owns 7,636 shares of the bank’s stock valued at $198,000 after purchasing an additional 2,580 shares during the period. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of First Hawaiian in the 4th quarter worth $207,000. 97.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of First Hawaiian from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. JPMorgan Chase & Co. increased their price target on First Hawaiian from $25.00 to $25.50 and gave the company an “underweight” rating in a report on Tuesday, July 1st. Barclays reissued an “underweight” rating on shares of First Hawaiian in a report on Tuesday, July 8th. Keefe, Bruyette & Woods decreased their price objective on shares of First Hawaiian from $30.00 to $28.00 and set a “market perform” rating for the company in a report on Thursday, April 24th. Finally, Wells Fargo & Company raised their price objective on shares of First Hawaiian from $22.00 to $24.00 and gave the stock an “underweight” rating in a report on Thursday, July 10th. Four equities 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, the company presently has a consensus rating of “Hold” and an average target price of $27.64.

First Hawaiian Stock Performance

Shares of NASDAQ FHB opened at $23.87 on Tuesday. The stock has a market cap of $2.97 billion, a PE ratio of 12.30, a PEG ratio of 5.83 and a beta of 0.84. The business has a fifty day moving average of $24.70 and a two-hundred day moving average of $24.66. First Hawaiian, Inc. has a 52-week low of $20.32 and a 52-week high of $28.80.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings results on Friday, July 25th. The bank reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.09. First Hawaiian had a return on equity of 9.29% and a net margin of 21.45%. The business had revenue of $217.54 million for the quarter, compared to analyst estimates of $214.67 million. During the same period last year, the company earned $0.48 EPS. Analysts predict that First Hawaiian, Inc. will post 1.95 earnings per share for the current year.

First Hawaiian Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Monday, August 18th. First Hawaiian’s dividend payout ratio (DPR) is currently 53.61%.

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.