B. Metzler seel. Sohn & Co. AG Reduces Stake in First Hawaiian, Inc. (NASDAQ:FHB)

B. Metzler seel. Sohn & Co. AG cut its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 13.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 139,818 shares of the bank's stock after selling 21,576 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned approximately 0.11% of First Hawaiian worth $3,628,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in FHB. Charles Schwab Investment Management Inc. grew its position in First Hawaiian by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,661,154 shares of the bank's stock valued at $38,456,000 after buying an additional 11,543 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of First Hawaiian by 98.2% during the third quarter. Cerity Partners LLC now owns 26,836 shares of the bank's stock valued at $621,000 after acquiring an additional 13,297 shares during the period. FMR LLC lifted its holdings in shares of First Hawaiian by 20.3% in the third 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 in the last quarter. BNP Paribas Financial Markets lifted its stake in First Hawaiian by 78.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 26,352 shares of the bank's stock worth $610,000 after acquiring an additional 11,604 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of First Hawaiian by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 331,087 shares of the bank's stock worth $7,665,000 after purchasing an additional 3,682 shares during the period. Institutional investors own 97.63% of the company's stock.

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Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FHB. Keefe, Bruyette & Woods upped their price target 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. Barclays upped their price objective on shares of First Hawaiian from $28.00 to $30.00 and gave the company an "equal weight" rating in a research report on Monday, February 3rd. Wells Fargo & Company boosted their price objective on First Hawaiian from $22.00 to $24.00 and gave the company an "underweight" rating in a research report on Monday, February 3rd. The Goldman Sachs Group increased their price target on shares of First Hawaiian from $26.00 to $29.00 and gave the stock a "sell" rating in a research report on Monday, February 3rd. Finally, Piper Sandler increased their price objective on First Hawaiian from $28.00 to $30.00 and gave the stock a "neutral" 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. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $29.00.

First Hawaiian Trading Down 8.2 %

NASDAQ FHB traded down $2.02 on Thursday, hitting $22.66. 1,768,532 shares of the company's stock were exchanged, compared to its average volume of 696,170. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 12.66, a P/E/G ratio of 3.28 and a beta of 0.77. First Hawaiian, Inc. has a 52 week low of $19.48 and a 52 week high of $28.80. The stock has a 50-day moving average of $26.10 and a 200-day moving average of $25.68.

First Hawaiian (NASDAQ:FHB - Get Free Report) last posted its earnings results on Friday, January 31st. The bank reported $0.41 EPS for the quarter, topping the consensus estimate 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 in the prior year, the firm posted $0.37 EPS. As a group, analysts predict that First Hawaiian, Inc. will post 1.95 earnings per share for the current year.

First Hawaiian Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a yield of 4.59%. First Hawaiian's dividend payout ratio (DPR) is presently 58.10%.

First Hawaiian Company 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.