Neuberger Berman Group LLC lessened its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB – Get Rating) by 2.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,146,264 shares of the bank's stock after selling 83,364 shares during the quarter. Neuberger Berman Group LLC owned approximately 2.46% of First Hawaiian worth $87,749,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. boosted its position in First Hawaiian by 30.1% during the 1st quarter. American Century Companies Inc. now owns 6,794,188 shares of the bank's stock valued at $189,490,000 after purchasing an additional 1,570,922 shares during the period. State Street Corp raised its holdings in First Hawaiian by 11.1% in the 1st quarter. State Street Corp now owns 6,220,533 shares of the bank's stock valued at $173,491,000 after acquiring an additional 622,623 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of First Hawaiian by 6.4% in the 4th quarter. Alliancebernstein L.P. now owns 3,534,775 shares of the bank's stock worth $96,605,000 after buying an additional 211,261 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of First Hawaiian by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,488,449 shares of the bank's stock worth $69,406,000 after buying an additional 84,992 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of First Hawaiian by 3.8% in the 4th quarter. Geode Capital Management LLC now owns 1,698,374 shares of the bank's stock worth $46,416,000 after buying an additional 62,921 shares in the last quarter. Institutional investors and hedge funds own 98.83% of the company's stock.
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First Hawaiian Trading Down 1.1 %
Shares of FHB opened at $25.75 on Friday. The firm has a market cap of $3.29 billion, a P/E ratio of 13.92 and a beta of 1.12. The company's 50-day moving average price is $25.36 and its 200 day moving average price is $25.59. First Hawaiian, Inc. has a 12-month low of $21.21 and a 12-month high of $31.16.
First Hawaiian (NASDAQ:FHB – Get Rating) last posted its quarterly earnings data on Friday, July 29th. The bank reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.01. First Hawaiian had a return on equity of 10.13% and a net
margin of 32.12%. The company had revenue of $189.28 million for the quarter, compared to the consensus estimate of $186.55 million. Equities research analysts forecast that First Hawaiian, Inc. will post 2.04 earnings per share for the current year.
First Hawaiian Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Investors of record on Monday, August 22nd were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date was Friday, August 19th. First Hawaiian's dividend payout ratio is currently 56.22%.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded shares of First Hawaiian from a "hold" rating to a "sell" rating in a research report on Thursday, September 1st. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $30.50.
First Hawaiian Company Profile
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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.
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