Deutsche Bank AG Purchases 1,918 Shares of First Hawaiian, Inc. $FHB

Deutsche Bank AG grew its position in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 22.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,347 shares of the bank’s stock after acquiring an additional 1,918 shares during the period. Deutsche Bank AG’s holdings in First Hawaiian were worth $253,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Reinhart Partners LLC. raised its stake in shares of First Hawaiian by 15.1% during the first quarter. Reinhart Partners LLC. now owns 2,325,881 shares of the bank’s stock valued at $56,845,000 after acquiring an additional 305,439 shares during the last quarter. Northern Trust Corp increased its position in shares of First Hawaiian by 10.7% during the fourth quarter. Northern Trust Corp now owns 2,188,005 shares of the bank’s stock valued at $56,779,000 after buying an additional 211,399 shares during the period. Wellington Management Group LLP increased its position in shares of First Hawaiian by 1.8% during the fourth quarter. Wellington Management Group LLP now owns 699,224 shares of the bank’s stock valued at $18,145,000 after buying an additional 12,523 shares during the period. Principal Financial Group Inc. increased its position in shares of First Hawaiian by 1.3% during the first quarter. Principal Financial Group Inc. now owns 627,695 shares of the bank’s stock valued at $15,341,000 after buying an additional 7,981 shares during the period. Finally, Balyasny Asset Management L.P. increased its position in shares of First Hawaiian by 427.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 617,717 shares of the bank’s stock valued at $16,030,000 after buying an additional 500,535 shares during the period. 97.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on FHB shares. JPMorgan Chase & Co. boosted their price target on shares of First Hawaiian from $25.00 to $25.50 and gave the company an “underweight” rating in a research report on Tuesday, July 1st. Piper Sandler initiated coverage on shares of First Hawaiian in a report on Thursday, August 21st. They issued a “neutral” rating and a $26.00 price objective on the stock. Wells Fargo & Company upped 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. Barclays restated an “underweight” rating on shares of First Hawaiian in a report on Tuesday, July 8th. Finally, Wall Street Zen upgraded shares of First Hawaiian from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Three analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, First Hawaiian currently has a consensus rating of “Strong Sell” and an average target price of $27.07.

First Hawaiian Trading Up 0.2%

FHB opened at $25.95 on Friday. First Hawaiian, Inc. has a 1-year low of $20.32 and a 1-year high of $28.80. The company has a market capitalization of $3.23 billion, a PE ratio of 13.38, a PEG ratio of 6.28 and a beta of 0.84. The firm’s 50 day simple moving average is $25.10 and its two-hundred day simple moving average is $24.48.

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

First Hawaiian Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Monday, August 18th. First Hawaiian’s dividend payout ratio (DPR) is presently 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.