First Hawaiian, Inc. (NASDAQ:FHB) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its position in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 479,509 shares of the bank's stock after selling 23,914 shares during the period. Victory Capital Management Inc. owned 0.37% of First Hawaiian worth $12,443,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FHB. The Manufacturers Life Insurance Company boosted its holdings in shares of First Hawaiian by 1.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 10,624,759 shares of the bank's stock worth $245,963,000 after purchasing an additional 122,599 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of First Hawaiian by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,670,929 shares of the bank's stock worth $43,361,000 after purchasing an additional 9,775 shares during the period. FMR LLC raised its position in First Hawaiian by 20.3% in the 3rd quarter. FMR LLC now owns 913,400 shares of the bank's stock worth $21,145,000 after purchasing an additional 154,136 shares during the period. Wellington Management Group LLP boosted its position in shares of First Hawaiian by 1.2% during the third quarter. Wellington Management Group LLP now owns 686,701 shares of the bank's stock valued at $15,897,000 after buying an additional 7,926 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of First Hawaiian by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 619,714 shares of the bank's stock valued at $16,082,000 after buying an additional 17,515 shares during the last quarter. 97.63% of the stock is owned by institutional investors.

Remove Ads

Analyst Ratings Changes

Several research firms have commented on FHB. Barclays raised their price objective on First Hawaiian from $28.00 to $30.00 and gave the stock an "equal weight" rating in a report on Monday, February 3rd. Stephens assumed coverage on shares of First Hawaiian in a research report on Wednesday, November 27th. They issued an "equal weight" rating and a $30.00 price target for the company. Keefe, Bruyette & Woods lifted their price objective on shares of First Hawaiian from $28.00 to $31.00 and gave the company a "market perform" rating in a report on Monday, February 3rd. Piper Sandler upped 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. Finally, Wells Fargo & Company lifted 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. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, First Hawaiian currently has an average rating of "Hold" and a consensus target price of $29.00.

First Hawaiian Stock Down 1.5 %

Shares of FHB traded down $0.38 during trading hours on Thursday, reaching $24.15. 757,408 shares of the company traded hands, compared to its average volume of 656,585. The business has a fifty day moving average price of $26.43 and a 200-day moving average price of $25.58. First Hawaiian, Inc. has a 12-month low of $19.48 and a 12-month high of $28.80. The stock has a market capitalization of $3.05 billion, a P/E ratio of 13.49, a P/E/G ratio of 3.28 and a beta of 0.94.

First Hawaiian (NASDAQ:FHB - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The bank reported $0.41 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the business earned $0.37 earnings per share. As a group, research analysts predict that First Hawaiian, Inc. will post 1.95 EPS for the current fiscal year.

First Hawaiian Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.26 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.31%. First Hawaiian's payout ratio is currently 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.