Swiss National Bank Decreases Stock Position in First Hawaiian, Inc. (NASDAQ:FHB)

Swiss National Bank cut its position in First Hawaiian, Inc. (NASDAQ:FHBGet Rating) by 1.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 300,267 shares of the bank’s stock after selling 4,300 shares during the quarter. Swiss National Bank’s holdings in First Hawaiian were worth $6,819,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Clifford Capital Partners LLC purchased a new position in First Hawaiian in the 2nd quarter valued at about $9,423,000. Duality Advisers LP purchased a new position in First Hawaiian in the 2nd quarter valued at about $460,000. Texas Permanent School Fund boosted its position in First Hawaiian by 2.4% in the 2nd quarter. Texas Permanent School Fund now owns 92,560 shares of the bank’s stock valued at $2,102,000 after buying an additional 2,167 shares during the last quarter. MQS Management LLC purchased a new position in First Hawaiian in the 2nd quarter valued at about $210,000. Finally, Abundance Wealth Counselors boosted its position in First Hawaiian by 5.4% in the 2nd quarter. Abundance Wealth Counselors now owns 15,666 shares of the bank’s stock valued at $356,000 after buying an additional 799 shares during the last quarter. Institutional investors and hedge funds own 98.83% of the company’s stock.

Analyst Upgrades and Downgrades

FHB has been the subject of a number of analyst reports. Compass Point decreased their price objective on shares of First Hawaiian to $26.00 in a research report on Tuesday, November 1st. StockNews.com raised shares of First Hawaiian from a “sell” rating to a “hold” rating in a research report on Friday, November 4th.

First Hawaiian Stock Performance

Shares of First Hawaiian stock opened at $26.62 on Wednesday. The firm has a market cap of $3.40 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 4.03 and a beta of 1.06. The firm’s 50-day simple moving average is $25.75 and its 200-day simple moving average is $25.06. First Hawaiian, Inc. has a 1 year low of $21.21 and a 1 year high of $31.16.

First Hawaiian (NASDAQ:FHBGet Rating) last issued its earnings results on Friday, October 28th. The bank reported $0.54 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.54. The business had revenue of $208.59 million for the quarter, compared to analyst estimates of $210.27 million. First Hawaiian had a net margin of 31.29% and a return on equity of 10.82%. On average, equities analysts predict that First Hawaiian, Inc. will post 2.02 earnings per share for the current year.

First Hawaiian Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Monday, November 21st will be paid a $0.26 dividend. The ex-dividend date is Friday, November 18th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.91%. First Hawaiian’s dividend payout ratio (DPR) is presently 55.03%.

About First Hawaiian

(Get Rating)

First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking services to consumer and commercial customers in the United States. It operates through three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company accepts various deposit products, including checking and savings accounts, and other deposit accounts.

See Also

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Institutional Ownership by Quarter for First Hawaiian (NASDAQ:FHB)

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