First Hawaiian, Inc. $FHB Shares Bought by Cwm LLC

Cwm LLC grew its stake in First Hawaiian, Inc. (NASDAQ:FHB) by 268.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,182 shares of the bank’s stock after purchasing an additional 43,103 shares during the period. Cwm LLC’s holdings in First Hawaiian were worth $1,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in FHB. Farther Finance Advisors LLC grew its holdings in shares of First Hawaiian by 74.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,023 shares of the bank’s stock worth $25,000 after purchasing an additional 438 shares during the period. Voya Investment Management LLC lifted its position in First Hawaiian by 68.7% in the third quarter. Voya Investment Management LLC now owns 23,598 shares of the bank’s stock valued at $586,000 after buying an additional 9,609 shares during the last quarter. Corient Private Wealth LLC purchased a new position in First Hawaiian during the second quarter worth about $257,000. State of Wyoming acquired a new stake in shares of First Hawaiian during the second quarter valued at about $137,000. Finally, Public Sector Pension Investment Board raised its stake in shares of First Hawaiian by 6.9% in the 2nd quarter. Public Sector Pension Investment Board now owns 428,548 shares of the bank’s stock valued at $10,697,000 after acquiring an additional 27,591 shares during the period. Institutional investors and hedge funds own 97.63% of the company’s stock.

Insider Buying and Selling at First Hawaiian

In other news, insider Alan Arizumi sold 36,460 shares of the business’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $25.35, for a total value of $924,261.00. Following the completion of the transaction, the insider directly owned 37,508 shares of the company’s stock, valued at $950,827.80. The trade was a 49.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.61% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

FHB has been the topic of several research reports. TD Cowen initiated coverage on shares of First Hawaiian in a research report on Thursday, September 25th. They set a “hold” rating and a $27.00 price target on the stock. Barclays upgraded shares of First Hawaiian from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $26.00 to $28.00 in a report on Tuesday, November 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of First Hawaiian in a research report on Monday, December 29th. Cowen restated a “hold” rating on shares of First Hawaiian in a research note on Tuesday, October 28th. Finally, JPMorgan Chase & Co. increased their price objective on First Hawaiian from $27.00 to $29.00 and gave the company an “underweight” rating in a research note on Tuesday, December 16th. Seven analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, First Hawaiian has an average rating of “Reduce” and an average price target of $27.71.

First Hawaiian Stock Performance

Shares of FHB opened at $25.67 on Monday. First Hawaiian, Inc. has a fifty-two week low of $20.32 and a fifty-two week high of $28.28. The firm has a 50-day simple moving average of $25.19 and a 200-day simple moving average of $25.04. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 12.52, a price-to-earnings-growth ratio of 1.59 and a beta of 0.73.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Monday, August 9th. The bank reported $0.44 EPS for the quarter. First Hawaiian had a net margin of 22.60% and a return on equity of 9.68%. The company had revenue of $129.16 million during the quarter. Equities research analysts forecast that First Hawaiian, Inc. will post 1.95 EPS for the current year.

First Hawaiian Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 17th were given a $0.26 dividend. The ex-dividend date was Monday, November 17th. This represents a $1.04 annualized dividend and a dividend yield of 4.1%. First Hawaiian’s dividend payout ratio is currently 50.73%.

About First Hawaiian

First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.

First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.