Cwm LLC Grows Holdings in First Hawaiian, Inc. $FHB

Cwm LLC increased its position in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 25.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,079 shares of the bank’s stock after purchasing an additional 3,310 shares during the quarter. Cwm LLC’s holdings in First Hawaiian were worth $401,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FHB. Nuveen LLC purchased a new position in First Hawaiian during the first quarter worth about $16,248,000. The Manufacturers Life Insurance Company boosted its holdings in First Hawaiian by 3.6% during the first quarter. The Manufacturers Life Insurance Company now owns 10,493,396 shares of the bank’s stock worth $256,459,000 after purchasing an additional 360,088 shares during the last quarter. Hsbc Holdings PLC purchased a new position in First Hawaiian during the first quarter worth about $4,020,000. Callan Family Office LLC boosted its stake in First Hawaiian by 1,476.4% in the second quarter. Callan Family Office LLC now owns 168,009 shares of the bank’s stock valued at $4,194,000 after acquiring an additional 157,351 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in First Hawaiian by 1,034.4% in the first quarter. Jane Street Group LLC now owns 167,385 shares of the bank’s stock valued at $4,091,000 after acquiring an additional 152,630 shares during the last quarter. 97.63% of the stock is currently owned by hedge funds and other institutional investors.

First Hawaiian Trading Up 4.7%

First Hawaiian stock opened at $24.78 on Friday. The firm’s 50 day simple moving average is $24.94 and its 200 day simple moving average is $24.38. The firm has a market capitalization of $3.09 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 3.65 and a beta of 0.84. First Hawaiian, Inc. has a 1-year low of $20.32 and a 1-year high of $28.80.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Monday, August 9th. The bank reported $0.44 EPS for the quarter. First Hawaiian had a net margin of 21.45% and a return on equity of 9.29%. The firm had revenue of $129.16 million for the quarter. Research analysts forecast 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, November 28th. Stockholders of record on Monday, November 17th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, November 17th. First Hawaiian’s dividend payout ratio (DPR) is currently 53.61%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Piper Sandler assumed coverage on shares of First Hawaiian in a research note on Thursday, August 21st. They issued a “neutral” rating and a $26.00 target price on the stock. Wall Street Zen upgraded shares of First Hawaiian from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Barclays reiterated an “underweight” rating on shares of First Hawaiian in a research note on Tuesday, July 8th. Cowen assumed coverage on shares of First Hawaiian in a research note on Wednesday, September 24th. They issued a “hold” rating on the stock. Finally, JPMorgan Chase & Co. boosted their target price on shares of First Hawaiian from $25.00 to $25.50 and gave the company an “underweight” rating in a research note on Tuesday, July 1st. Six research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. According to MarketBeat, First Hawaiian presently has an average rating of “Reduce” and a consensus price target of $27.06.

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.