Yousif Capital Management LLC Reduces Position in First Hawaiian, Inc. (NASDAQ:FHB)

Yousif Capital Management LLC trimmed its stake in First Hawaiian, Inc. (NASDAQ:FHB) by 2.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,486 shares of the bank’s stock after selling 965 shares during the period. Yousif Capital Management LLC’s holdings in First Hawaiian were worth $1,258,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in First Hawaiian by 51.5% during the third quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock valued at $43,000 after purchasing an additional 625 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of First Hawaiian during the 3rd quarter valued at $51,000. Quarry LP lifted its stake in shares of First Hawaiian by 459.2% during the 3rd quarter. Quarry LP now owns 2,483 shares of the bank’s stock valued at $57,000 after buying an additional 2,039 shares in the last quarter. GAMMA Investing LLC boosted its holdings in First Hawaiian by 14.6% in the 4th quarter. GAMMA Investing LLC now owns 3,624 shares of the bank’s stock worth $94,000 after buying an additional 461 shares during the period. Finally, KBC Group NV boosted its holdings in First Hawaiian by 72.1% in the 4th quarter. KBC Group NV now owns 6,154 shares of the bank’s stock worth $160,000 after buying an additional 2,579 shares during the period. 97.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on FHB shares. Keefe, Bruyette & Woods boosted their price objective on First Hawaiian from $28.00 to $31.00 and gave the company a “market perform” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. boosted their price target on First Hawaiian from $27.00 to $29.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. The Goldman Sachs Group upped their price target on First Hawaiian from $26.00 to $29.00 and gave the stock a “sell” rating in a research note on Monday, February 3rd. Wells Fargo & Company lifted their price objective on shares of First Hawaiian from $22.00 to $24.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Finally, Stephens assumed coverage on shares of First Hawaiian in a report on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 target price on the stock. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $29.00.

First Hawaiian Price Performance

Shares of FHB opened at $27.40 on Friday. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 3.39 and a beta of 0.99. First Hawaiian, Inc. has a 1 year low of $19.48 and a 1 year high of $28.80. The business’s 50 day simple moving average is $26.43 and its 200-day simple moving average is $25.19.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings data on Friday, January 31st. The bank reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. First Hawaiian had a net margin of 19.74% and a return on equity of 8.91%. During the same quarter last year, the company earned $0.37 earnings per share. On average, sell-side analysts expect that First Hawaiian, Inc. will post 1.95 earnings per share for the current year.

First Hawaiian Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Friday, February 14th. First Hawaiian’s dividend payout ratio (DPR) is 58.10%.

About First Hawaiian

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.