Mitsubishi UFJ Trust & Banking Corp Has $249,000 Holdings in First Hawaiian, Inc. (NASDAQ:FHB)

Mitsubishi UFJ Trust & Banking Corp trimmed its position in shares of First Hawaiian, Inc. (NASDAQ:FHBGet Rating) by 48.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 10,963 shares of the bank’s stock after selling 10,194 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in First Hawaiian were worth $249,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. MQS Management LLC acquired a new position in First Hawaiian during the second quarter worth $210,000. Yacktman Asset Management LP raised its stake in shares of First Hawaiian by 0.3% in the 2nd quarter. Yacktman Asset Management LP now owns 2,184,764 shares of the bank’s stock valued at $49,616,000 after acquiring an additional 7,499 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in First Hawaiian by 92.7% in the 1st quarter. Victory Capital Management Inc. now owns 25,644 shares of the bank’s stock worth $605,000 after purchasing an additional 12,339 shares during the last quarter. Johnson Investment Counsel Inc. boosted its position in First Hawaiian by 10.2% during the first quarter. Johnson Investment Counsel Inc. now owns 52,668 shares of the bank’s stock worth $1,469,000 after purchasing an additional 4,876 shares during the period. Finally, Comerica Bank boosted its position in First Hawaiian by 0.9% during the second quarter. Comerica Bank now owns 160,008 shares of the bank’s stock worth $3,693,000 after purchasing an additional 1,469 shares during the period. Institutional investors own 98.83% of the company’s stock.

First Hawaiian Stock Down 0.2 %

Shares of FHB stock opened at $26.56 on Thursday. First Hawaiian, Inc. has a 12 month low of $21.21 and a 12 month high of $31.16. The firm has a market cap of $3.39 billion, a PE ratio of 14.05, a price-to-earnings-growth ratio of 4.07 and a beta of 1.06. The stock has a 50 day moving average of $25.76 and a 200-day moving average of $25.07.

First Hawaiian (NASDAQ:FHBGet Rating) last released its earnings results on Friday, October 28th. The bank reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. The firm had revenue of $208.59 million during the quarter, compared to analysts’ expectations of $210.27 million. First Hawaiian had a net margin of 31.29% and a return on equity of 10.82%. As a group, equities analysts predict that First Hawaiian, Inc. will post 2.02 EPS for the current fiscal year.

First Hawaiian Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Monday, November 21st will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date is Friday, November 18th. First Hawaiian’s dividend payout ratio (DPR) is presently 55.03%.

Wall Street Analyst Weigh In

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

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.

Further Reading

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

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