Capital Fund Management S.A. Purchases Shares of 43,988 First Hawaiian, Inc. $FHB

Capital Fund Management S.A. purchased a new stake in shares of First Hawaiian, Inc. (NASDAQ:FHB) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 43,988 shares of the bank’s stock, valued at approximately $1,098,000.

Several other institutional investors have also modified their holdings of FHB. Sequoia Financial Advisors LLC acquired a new stake in First Hawaiian during the second quarter valued at approximately $338,000. D.A. Davidson & CO. increased its holdings in shares of First Hawaiian by 11.2% in the second quarter. D.A. Davidson & CO. now owns 15,104 shares of the bank’s stock valued at $375,000 after buying an additional 1,519 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of First Hawaiian during the 1st quarter valued at $460,000. LPL Financial LLC boosted its stake in shares of First Hawaiian by 16.4% during the 1st quarter. LPL Financial LLC now owns 199,821 shares of the bank’s stock worth $4,884,000 after acquiring an additional 28,134 shares in the last quarter. Finally, World Investment Advisors acquired a new position in shares of First Hawaiian in the 2nd quarter worth $375,000. Institutional investors and hedge funds own 97.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FHB. Barclays upgraded First Hawaiian from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $26.00 to $28.00 in a research report on Tuesday, November 11th. Zacks Research upgraded shares of First Hawaiian from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. JPMorgan Chase & Co. boosted their price target on shares of First Hawaiian from $26.00 to $27.00 and gave the company an “underweight” rating in a report on Monday, October 27th. TD Cowen began coverage on shares of First Hawaiian in a research note on Thursday, September 25th. They issued a “hold” rating and a $27.00 price objective for the company. Finally, Cowen reiterated a “hold” rating on shares of First Hawaiian in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, First Hawaiian presently has an average rating of “Hold” and a consensus target price of $27.43.

First Hawaiian Stock Up 0.1%

FHB stock opened at $25.33 on Friday. The company has a 50 day moving average of $24.49 and a two-hundred day moving average of $24.71. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 1.61 and a beta of 0.74. First Hawaiian, Inc. has a 12-month low of $20.32 and a 12-month high of $28.28.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings results on Monday, August 9th. The bank reported $0.44 earnings per share for the quarter. First Hawaiian had a net margin of 22.60% and a return on equity of 9.68%. The business had revenue of $129.16 million for the quarter. On average, research analysts anticipate that First Hawaiian, Inc. will post 1.95 EPS for the current year.

First Hawaiian Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 17th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Monday, November 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.1%. First Hawaiian’s dividend payout ratio (DPR) is 50.73%.

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.