New York State Common Retirement Fund Has $1.91 Million Holdings in First Hawaiian, Inc. (NASDAQ:FHB)

New York State Common Retirement Fund lessened its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 13.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,674 shares of the bank’s stock after selling 13,045 shares during the quarter. New York State Common Retirement Fund owned 0.07% of First Hawaiian worth $1,913,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Global Retirement Partners LLC increased its holdings in First Hawaiian by 196.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,253 shares of the bank’s stock valued at $27,000 after purchasing an additional 831 shares in the last quarter. Quent Capital LLC raised its holdings in shares of First Hawaiian by 86.5% in the fourth quarter. Quent Capital LLC now owns 1,759 shares of the bank’s stock valued at $40,000 after buying an additional 816 shares during the last quarter. Signaturefd LLC lifted its position in First Hawaiian by 26.9% during the 4th quarter. Signaturefd LLC now owns 6,232 shares of the bank’s stock worth $142,000 after buying an additional 1,320 shares in the last quarter. Janiczek Wealth Management LLC grew its holdings in First Hawaiian by 22.7% during the 4th quarter. Janiczek Wealth Management LLC now owns 8,628 shares of the bank’s stock worth $197,000 after acquiring an additional 1,595 shares during the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new stake in First Hawaiian in the 3rd quarter valued at about $206,000. Institutional investors and hedge funds own 97.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Barclays started coverage on shares of First Hawaiian in a research report on Friday, March 8th. They set an “equal weight” rating and a $25.00 target price on the stock. StockNews.com raised First Hawaiian to a “sell” rating in a research note on Friday, January 19th. Finally, Wells Fargo & Company upped their price target on First Hawaiian from $18.00 to $20.00 and gave the company an “underweight” rating in a research note on Monday, January 29th. Three research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. According to MarketBeat, First Hawaiian has an average rating of “Reduce” and a consensus price target of $21.75.

First Hawaiian Stock Performance

FHB opened at $22.12 on Thursday. The company has a fifty day moving average price of $21.39 and a two-hundred day moving average price of $20.99. The firm has a market capitalization of $2.82 billion, a PE ratio of 12.71 and a beta of 1.00. First Hawaiian, Inc. has a 52 week low of $15.08 and a 52 week high of $23.22.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings data on Friday, April 26th. The bank reported $0.42 EPS for the quarter, meeting analysts’ consensus estimates of $0.42. First Hawaiian had a return on equity of 9.16% and a net margin of 19.20%. The business had revenue of $205.80 million during the quarter, compared to the consensus estimate of $202.41 million. Equities analysts forecast that First Hawaiian, Inc. will post 1.71 EPS for the current year.

First Hawaiian Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 20th will be given a $0.26 dividend. The ex-dividend date is Friday, May 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.70%. First Hawaiian’s dividend payout ratio is 59.77%.

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.