First Hawaiian, Inc. $FHB Shares Sold by American Century Companies Inc.

American Century Companies Inc. reduced its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 48.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,246,909 shares of the bank’s stock after selling 1,153,289 shares during the quarter. American Century Companies Inc. owned about 1.00% of First Hawaiian worth $31,123,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of First Hawaiian in the 1st quarter worth approximately $208,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in First Hawaiian by 15.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,522 shares of the bank’s stock worth $1,015,000 after purchasing an additional 5,611 shares in the last quarter. LPL Financial LLC raised its holdings in First Hawaiian by 16.4% during the first quarter. LPL Financial LLC now owns 199,821 shares of the bank’s stock worth $4,884,000 after purchasing an additional 28,134 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in First Hawaiian in the first quarter worth approximately $448,000. Finally, Vestcor Inc bought a new position in First Hawaiian during the 1st quarter valued at $219,000. Institutional investors own 97.63% of the company’s stock.

First Hawaiian Trading Down 1.0%

Shares of FHB stock opened at $24.91 on Friday. First Hawaiian, Inc. has a 1-year low of $20.32 and a 1-year high of $28.28. The stock’s fifty day simple moving average is $24.48 and its 200-day simple moving average is $24.69. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 12.15, a P/E/G ratio of 1.59 and a beta of 0.91.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Monday, August 9th. The bank reported $0.44 earnings per share (EPS) for the quarter. First Hawaiian had a return on equity of 9.68% and a net margin of 22.60%.The business had revenue of $129.16 million during the quarter. On average, sell-side analysts predict 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, November 28th. Stockholders of record on Monday, November 17th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Monday, November 17th. First Hawaiian’s payout ratio is 50.73%.

Analyst Ratings Changes

A number of research firms have recently commented on FHB. Weiss Ratings downgraded First Hawaiian from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Saturday, October 25th. Piper Sandler boosted their price target on shares of First Hawaiian from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Barclays raised shares of First Hawaiian from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $26.00 to $28.00 in a report on Tuesday, November 11th. Keefe, Bruyette & Woods lifted their price objective on shares of First Hawaiian from $28.00 to $29.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 28th. Finally, Zacks Research raised shares of First Hawaiian from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $27.43.

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.