Bank of New York Mellon Corp Sells 3,172 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

Bank of New York Mellon Corp decreased its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 0.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,848,086 shares of the bank’s stock after selling 3,172 shares during the period. Bank of New York Mellon Corp owned approximately 1.45% of First Hawaiian worth $47,958,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP raised its position 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 acquiring an additional 2,039 shares during the last quarter. Blue Trust Inc. boosted its position in shares of First Hawaiian by 49.2% during the fourth quarter. Blue Trust Inc. now owns 2,742 shares of the bank’s stock worth $71,000 after purchasing an additional 904 shares in the last quarter. Global Retirement Partners LLC boosted its position in shares of First Hawaiian by 32.4% during the fourth quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank’s stock worth $74,000 after purchasing an additional 693 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of First Hawaiian by 14.6% during the fourth quarter. GAMMA Investing LLC now owns 3,624 shares of the bank’s stock worth $94,000 after purchasing an additional 461 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of First Hawaiian by 72.1% during the fourth quarter. KBC Group NV now owns 6,154 shares of the bank’s stock worth $160,000 after purchasing an additional 2,579 shares in the last quarter. Institutional investors own 97.63% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FHB. Barclays lifted their price target on shares of First Hawaiian from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price target on shares of First Hawaiian from $28.00 to $31.00 and gave the stock a “market perform” rating in a research report on Monday, February 3rd. Stephens initiated coverage on shares of First Hawaiian in a research report on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 price target on the stock. Wells Fargo & Company increased their price objective on shares of First Hawaiian from $22.00 to $24.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group increased their price objective on shares of First Hawaiian from $26.00 to $29.00 and gave the stock a “sell” rating in a research report on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $29.00.

First Hawaiian Stock Down 0.5 %

Shares of FHB stock opened at $25.93 on Thursday. The company’s fifty day simple moving average is $26.50 and its 200-day simple moving average is $25.52. The firm has a market cap of $3.32 billion, a PE ratio of 14.49, a P/E/G 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.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Friday, January 31st. The bank reported $0.41 EPS for the quarter, topping analysts’ consensus estimates 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 period last year, the firm earned $0.37 EPS. On average, equities analysts predict that First Hawaiian, Inc. will post 1.95 earnings per share for the current fiscal year.

First Hawaiian Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date was Friday, February 14th. First Hawaiian’s dividend payout ratio is currently 58.10%.

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.