B. Metzler seel. Sohn & Co. AG Trims Position in First Hawaiian, Inc. $FHB

B. Metzler seel. Sohn & Co. AG decreased its position in First Hawaiian, Inc. (NASDAQ:FHB) by 15.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 118,664 shares of the bank’s stock after selling 21,154 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned approximately 0.10% of First Hawaiian worth $2,946,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of FHB. Capital Fund Management S.A. purchased a new stake in shares of First Hawaiian during the 2nd quarter valued at about $1,098,000. Nisa Investment Advisors LLC boosted its holdings in shares of First Hawaiian by 840.1% in the third quarter. Nisa Investment Advisors LLC now owns 92,268 shares of the bank’s stock worth $2,291,000 after buying an additional 82,453 shares during the last quarter. Elo Mutual Pension Insurance Co boosted its holdings in shares of First Hawaiian by 94.2% in the third quarter. Elo Mutual Pension Insurance Co now owns 51,139 shares of the bank’s stock worth $1,270,000 after buying an additional 24,805 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in First Hawaiian by 11.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,325,860 shares of the bank’s stock valued at $33,093,000 after buying an additional 135,809 shares during the period. Finally, AlphaQuest LLC grew its position in First Hawaiian by 7,621.5% during the third quarter. AlphaQuest LLC now owns 168,484 shares of the bank’s stock valued at $4,183,000 after buying an additional 166,302 shares during the period. 97.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FHB. Barclays upgraded shares of First Hawaiian from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $26.00 to $28.00 in a research report on Tuesday, November 11th. TD Cowen reissued a “hold” rating on shares of First Hawaiian in a research report on Monday, February 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of First Hawaiian in a research note on Monday, December 29th. Zacks Research cut First Hawaiian from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 25th. Finally, Wall Street Zen upgraded First Hawaiian from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Six research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $27.50.

Insider Buying and Selling at First Hawaiian

In related news, Director Craig Scott Wo sold 1,500 shares of the firm’s stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

First Hawaiian Trading Down 0.3%

Shares of FHB opened at $24.41 on Tuesday. The business’s 50 day moving average is $26.28 and its 200 day moving average is $25.50. First Hawaiian, Inc. has a 12-month low of $20.32 and a 12-month high of $28.35. The company has a market capitalization of $2.99 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 1.94 and a beta of 0.71.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings results on Friday, January 30th. The bank reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.01. First Hawaiian had a return on equity of 10.19% and a net margin of 23.65%.The business had revenue of $225.85 million during the quarter, compared to the consensus estimate of $225.33 million. During the same period in the prior year, the company posted $0.41 EPS. Equities research analysts predict that First Hawaiian, Inc. will post 1.95 earnings per share for the current year.

First Hawaiian Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, February 13th. First Hawaiian’s payout ratio is 47.27%.

First Hawaiian Profile

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.