J.W. Cole Advisors Inc. Sells 1,309 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

J.W. Cole Advisors Inc. cut its holdings in First Hawaiian, Inc. (NASDAQ:FHB) by 7.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,820 shares of the bank’s stock after selling 1,309 shares during the period. J.W. Cole Advisors Inc.’s holdings in First Hawaiian were worth $349,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of FHB. Norges Bank bought a new position in First Hawaiian in the 4th quarter worth approximately $32,689,000. Hotchkis & Wiley Capital Management LLC boosted its holdings in First Hawaiian by 124.3% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 2,540,656 shares of the bank’s stock valued at $58,079,000 after purchasing an additional 1,408,160 shares during the period. Dimensional Fund Advisors LP boosted its holdings in First Hawaiian by 17.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,509,201 shares of the bank’s stock valued at $103,082,000 after purchasing an additional 668,871 shares during the period. American Century Companies Inc. boosted its holdings in First Hawaiian by 6.5% in the 2nd quarter. American Century Companies Inc. now owns 3,339,180 shares of the bank’s stock valued at $69,321,000 after purchasing an additional 203,407 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in First Hawaiian by 187.0% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 243,009 shares of the bank’s stock valued at $5,045,000 after purchasing an additional 158,327 shares during the period. 97.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

FHB has been the subject of several analyst reports. JPMorgan Chase & Co. downgraded shares of First Hawaiian from a “neutral” rating to an “underweight” rating and set a $24.00 price target for the company. in a report on Monday, July 29th. The Goldman Sachs Group raised their price target on shares of First Hawaiian from $21.00 to $24.00 and gave the company a “sell” rating in a report on Monday, July 29th. Barclays raised their price target on shares of First Hawaiian from $24.00 to $25.00 and gave the company an “equal weight” rating in a report on Monday, July 29th. Wells Fargo & Company raised their price target on shares of First Hawaiian from $18.00 to $22.00 and gave the company an “underweight” rating in a report on Monday, July 29th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of First Hawaiian from $25.00 to $26.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. Four equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $24.67.

First Hawaiian Stock Performance

First Hawaiian stock opened at $23.60 on Thursday. The firm’s fifty day moving average price is $23.77 and its 200-day moving average price is $22.00. The stock has a market cap of $3.02 billion, a P/E ratio of 13.56 and a beta of 0.98. First Hawaiian, Inc. has a fifty-two week low of $17.18 and a fifty-two week high of $26.18.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings data on Friday, July 26th. The bank reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.06. The firm had revenue of $204.62 million for the quarter, compared to analysts’ expectations of $202.94 million. First Hawaiian had a net margin of 18.83% and a return on equity of 8.96%. On average, analysts predict that First Hawaiian, Inc. will post 1.79 earnings per share for the current year.

First Hawaiian Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date was Monday, August 19th. First Hawaiian’s payout ratio is presently 59.77%.

First Hawaiian 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.