CIBC Asset Management Inc Sells 3,167 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

CIBC Asset Management Inc cut its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 26.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,928 shares of the bank’s stock after selling 3,167 shares during the quarter. CIBC Asset Management Inc’s holdings in First Hawaiian were worth $232,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FHB. The Manufacturers Life Insurance Company grew its stake in shares of First Hawaiian by 1.2% during the third quarter. The Manufacturers Life Insurance Company now owns 10,624,759 shares of the bank’s stock valued at $245,963,000 after purchasing an additional 122,599 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of First Hawaiian by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,661,154 shares of the bank’s stock valued at $38,456,000 after purchasing an additional 11,543 shares during the last quarter. FMR LLC grew its stake in shares of First Hawaiian by 20.3% during the third quarter. FMR LLC now owns 913,400 shares of the bank’s stock valued at $21,145,000 after purchasing an additional 154,136 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of First Hawaiian by 1.2% during the third quarter. Wellington Management Group LLP now owns 686,701 shares of the bank’s stock valued at $15,897,000 after purchasing an additional 7,926 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of First Hawaiian by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 619,714 shares of the bank’s stock valued at $16,082,000 after purchasing an additional 17,515 shares during the last quarter. 97.63% of the stock is owned by institutional investors.

First Hawaiian Trading Up 0.4 %

Shares of First Hawaiian stock opened at $26.47 on Wednesday. The company has a market capitalization of $3.39 billion, a PE ratio of 14.79, a PEG ratio of 3.28 and a beta of 0.99. First Hawaiian, Inc. has a 12 month low of $19.48 and a 12 month high of $28.80. The stock’s fifty day simple moving average is $26.40 and its 200 day simple moving average is $25.38.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings data on Friday, January 31st. The bank reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. During the same quarter in the prior year, the firm posted $0.37 EPS. Analysts predict that First Hawaiian, Inc. will post 1.95 EPS for the current fiscal year.

First Hawaiian Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Friday, February 14th. First Hawaiian’s dividend payout ratio is 58.10%.

Wall Street Analyst Weigh In

FHB has been the topic of a number of research reports. The Goldman Sachs Group upped their target price on shares of First Hawaiian from $26.00 to $29.00 and gave the company a “sell” rating in a research report on Monday, February 3rd. Wells Fargo & Company upped their target price 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. JPMorgan Chase & Co. upped their target price on shares of First Hawaiian from $27.00 to $29.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Barclays upped their target price on shares of First Hawaiian from $28.00 to $30.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. Finally, Stephens initiated coverage on First Hawaiian in a research note 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 issued a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.00.

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.