American Century Companies Inc. Grows Stock Holdings in First Hawaiian, Inc. $FHB

American Century Companies Inc. lifted its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 131.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,891,661 shares of the bank’s stock after purchasing an additional 1,644,752 shares during the period. American Century Companies Inc. owned 2.34% of First Hawaiian worth $71,800,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bank of Montreal Can lifted its position in First Hawaiian by 1.7% during the second quarter. Bank of Montreal Can now owns 25,258 shares of the bank’s stock worth $630,000 after buying an additional 422 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of First Hawaiian by 74.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,023 shares of the bank’s stock worth $25,000 after acquiring an additional 438 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of First Hawaiian by 5.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,941 shares of the bank’s stock worth $272,000 after acquiring an additional 567 shares during the period. Blue Trust Inc. raised its holdings in shares of First Hawaiian by 36.3% during the 3rd quarter. Blue Trust Inc. now owns 2,776 shares of the bank’s stock worth $69,000 after acquiring an additional 740 shares during the period. Finally, Quantum Private Wealth LLC boosted its position in shares of First Hawaiian by 4.1% during the 2nd quarter. Quantum Private Wealth LLC now owns 20,953 shares of the bank’s stock valued at $523,000 after acquiring an additional 823 shares during the last quarter. Institutional investors and hedge funds own 97.63% of the company’s stock.

First Hawaiian Stock Performance

FHB stock opened at $25.15 on Thursday. The company has a 50 day moving average price of $26.36 and a two-hundred day moving average price of $25.49. The stock has a market capitalization of $3.09 billion, a P/E ratio of 11.43, a PEG ratio of 1.98 and a beta of 0.71. First Hawaiian, Inc. has a one year low of $20.32 and a one year high of $28.35.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings data on Friday, January 30th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.01. The business had revenue of $225.85 million for the quarter, compared to analysts’ expectations of $225.33 million. First Hawaiian had a return on equity of 10.19% and a net margin of 23.65%.During the same quarter last year, the firm earned $0.41 earnings per share. Research analysts forecast that First Hawaiian, Inc. will post 1.95 earnings per share for the current fiscal year.

First Hawaiian Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Friday, February 13th. First Hawaiian’s dividend payout ratio (DPR) is presently 47.27%.

Insider Buying and Selling

In other news, Director Craig Scott Wo sold 1,500 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $27.21, for a total transaction of $40,815.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

FHB has been the subject of several recent analyst reports. TD Cowen restated a “hold” rating on shares of First Hawaiian in a research report on Monday, February 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of First Hawaiian in a research note on Monday, December 29th. Barclays upgraded shares of First Hawaiian from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $26.00 to $28.00 in a report on Tuesday, November 11th. The Goldman Sachs Group set a $27.50 price objective on First Hawaiian and gave the company a “sell” rating in a report on Tuesday, January 6th. Finally, Wall Street Zen upgraded First Hawaiian from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Six analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, First Hawaiian currently has a consensus rating of “Reduce” and a consensus price target of $27.50.

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.