US Bancorp DE Increases Stock Position in First Hawaiian, Inc. (NASDAQ:FHB)

US Bancorp DE raised its position in shares of First Hawaiian, Inc. (NASDAQ:FHBGet Rating) by 16.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,005 shares of the bank’s stock after buying an additional 3,409 shares during the period. US Bancorp DE’s holdings in First Hawaiian were worth $591,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in FHB. CWM LLC lifted its position in shares of First Hawaiian by 355.2% in the 3rd quarter. CWM LLC now owns 1,006 shares of the bank’s stock worth $25,000 after purchasing an additional 785 shares during the period. Strs Ohio lifted its position in shares of First Hawaiian by 5.7% in the 3rd quarter. Strs Ohio now owns 51,019 shares of the bank’s stock worth $1,256,000 after purchasing an additional 2,761 shares during the period. Handelsbanken Fonder AB lifted its position in shares of First Hawaiian by 9.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 27,109 shares of the bank’s stock worth $668,000 after purchasing an additional 2,400 shares during the period. Truist Financial Corp purchased a new stake in shares of First Hawaiian in the 3rd quarter worth about $1,513,000. Finally, Wipfli Financial Advisors LLC purchased a new stake in shares of First Hawaiian in the 3rd quarter worth about $47,000. Hedge funds and other institutional investors own 97.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. StockNews.com cut shares of First Hawaiian from a “hold” rating to a “sell” rating in a research report on Tuesday, January 10th. Compass Point lowered their price target on shares of First Hawaiian to $26.00 in a research report on Tuesday, November 1st. Finally, JPMorgan Chase & Co. raised shares of First Hawaiian from an “underweight” rating to a “neutral” rating and set a $26.00 price target for the company in a research report on Tuesday, December 13th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, First Hawaiian has a consensus rating of “Hold” and an average price target of $28.00.

First Hawaiian Stock Performance

NASDAQ:FHB opened at $25.90 on Friday. The firm has a market cap of $3.31 billion, a P/E ratio of 13.70, a P/E/G ratio of 7.80 and a beta of 1.04. First Hawaiian, Inc. has a fifty-two week low of $21.21 and a fifty-two week high of $30.07. The firm has a 50-day simple moving average of $25.83 and a two-hundred day simple moving average of $25.56.

First Hawaiian (NASDAQ:FHBGet Rating) last released its quarterly earnings data on Friday, October 28th. The bank reported $0.54 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.54. The business had revenue of $208.59 million during 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 research analysts predict that First Hawaiian, Inc. will post 2.02 EPS for the current year.

First Hawaiian Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 2nd. Shareholders of record on Monday, November 21st were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, November 18th. This represents a $1.04 dividend on an annualized basis and a yield of 4.02%. First Hawaiian’s dividend payout ratio is currently 55.03%.

First Hawaiian Profile

(Get Rating)

First Hawaiian, Inc is a bank holding company engaged in the provision of banking services to consumer and commercial customers, including deposit products, lending services, and wealth management and trust services through its subsidiary, First Hawaiian Bank. It operates through the following business segments: Retail Banking, Commercial Banking, and Treasury and Other.

Further Reading

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

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