Amundi Buys 41,989 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

Amundi grew its position in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 186.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,503 shares of the bank's stock after buying an additional 41,989 shares during the quarter. Amundi owned 0.05% of First Hawaiian worth $1,617,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of First Hawaiian during the 4th quarter valued at $32,086,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in First Hawaiian in the third quarter worth about $3,736,000. FMR LLC grew its stake in shares of First Hawaiian by 20.3% during the 3rd quarter. FMR LLC now owns 913,400 shares of the bank's stock valued at $21,145,000 after purchasing an additional 154,136 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of First Hawaiian by 1.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 10,624,759 shares of the bank's stock valued at $245,963,000 after purchasing an additional 122,599 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of First Hawaiian by 91.4% in the 3rd quarter. Jane Street Group LLC now owns 176,121 shares of the bank's stock worth $4,077,000 after purchasing an additional 84,120 shares during the period. Institutional investors own 97.63% of the company's stock.

First Hawaiian Stock Down 0.5 %

FHB stock traded down $0.13 during mid-day trading on Friday, hitting $24.13. The company had a trading volume of 2,294,326 shares, compared to its average volume of 668,452. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 13.48, a P/E/G ratio of 3.28 and a beta of 0.94. The company has a 50-day moving average price of $26.31 and a 200 day moving average price of $25.59. First Hawaiian, Inc. has a 12-month low of $19.48 and a 12-month high of $28.80.

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First Hawaiian (NASDAQ:FHB - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The bank reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. During the same quarter in the previous year, the firm posted $0.37 earnings per share. As a group, analysts expect 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, 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 4.31%. The ex-dividend date was Friday, February 14th. First Hawaiian's dividend payout ratio is presently 58.10%.

Analyst Ratings Changes

A number of brokerages have commented on FHB. JPMorgan Chase & Co. upped their target price on shares of First Hawaiian from $27.00 to $29.00 and gave the company an "underweight" rating in a report on Monday, February 3rd. Wells Fargo & Company raised their target price on First Hawaiian from $22.00 to $24.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. The Goldman Sachs Group boosted their price target on First Hawaiian from $26.00 to $29.00 and gave the company a "sell" rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods raised their price objective on First Hawaiian from $28.00 to $31.00 and gave the stock a "market perform" rating in a research note on Monday, February 3rd. Finally, Barclays boosted their price objective on First Hawaiian from $28.00 to $30.00 and gave the company an "equal weight" rating in a research note on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $29.00.

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.