American Century Companies Inc. Sells 286,354 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

American Century Companies Inc. lowered its holdings in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 9.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,656,044 shares of the bank's stock after selling 286,354 shares during the period. American Century Companies Inc. owned approximately 2.08% of First Hawaiian worth $68,924,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. CKW Financial Group raised its position in First Hawaiian by 1.2% during the fourth quarter. CKW Financial Group now owns 32,600 shares of the bank's stock valued at $846,000 after acquiring an additional 400 shares in the last quarter. M&T Bank Corp raised its holdings in shares of First Hawaiian by 2.5% during the 4th quarter. M&T Bank Corp now owns 16,661 shares of the bank's stock valued at $432,000 after purchasing an additional 409 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of First Hawaiian by 14.6% in the 4th quarter. GAMMA Investing LLC now owns 3,624 shares of the bank's stock valued at $94,000 after purchasing an additional 461 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of First Hawaiian by 32.4% in the 4th quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank's stock valued at $74,000 after purchasing an additional 693 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in First Hawaiian by 49.2% in the fourth quarter. Blue Trust Inc. now owns 2,742 shares of the bank's stock worth $71,000 after purchasing an additional 904 shares in the last quarter. 97.63% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analysts Forecast Growth

FHB has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their price target on First Hawaiian from $27.00 to $29.00 and gave the stock an "underweight" rating in a research report on Monday, February 3rd. Piper Sandler boosted their target price on First Hawaiian from $28.00 to $30.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Wells Fargo & Company increased their price target on First Hawaiian from $22.00 to $24.00 and gave the company an "underweight" rating in a report on Monday, February 3rd. Barclays boosted their price objective on shares of First Hawaiian from $28.00 to $30.00 and gave the stock an "equal weight" rating in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group raised their target price on shares of First Hawaiian from $26.00 to $29.00 and gave the company a "sell" rating in a research note on Monday, February 3rd. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $29.00.

First Hawaiian Price Performance

Shares of FHB stock traded down $0.60 during trading hours on Friday, hitting $24.17. 148,736 shares of the company's stock were exchanged, compared to its average volume of 688,618. First Hawaiian, Inc. has a 52 week low of $19.48 and a 52 week high of $28.80. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 3.28 and a beta of 0.94. The stock's 50-day moving average is $26.24 and its 200-day moving average is $25.62.

First Hawaiian (NASDAQ:FHB - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The bank reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.01. First Hawaiian had a net margin of 19.74% and a return on equity of 8.91%. During the same quarter last year, the company posted $0.37 EPS. Equities research analysts forecast that First Hawaiian, Inc. will post 1.95 earnings per share for the current fiscal year.

First Hawaiian Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.30%. The ex-dividend date of this dividend was Friday, February 14th. First Hawaiian's dividend payout ratio (DPR) is presently 58.10%.

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.