Sapience Investments LLC increased its position in shares of First Hawaiian Inc (NASDAQ:FHB) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 560,406 shares of the bank’s stock after purchasing an additional 16,880 shares during the quarter. First Hawaiian accounts for 2.2% of Sapience Investments LLC’s investment portfolio, making the stock its 12th biggest holding. Sapience Investments LLC owned approximately 0.40% of First Hawaiian worth $16,353,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the stock. Janus Henderson Group PLC raised its holdings in shares of First Hawaiian by 8.5% in the third quarter. Janus Henderson Group PLC now owns 4,517,093 shares of the bank’s stock worth $136,823,000 after acquiring an additional 355,208 shares during the last quarter. BlackRock Inc. raised its holdings in shares of First Hawaiian by 0.6% in the fourth quarter. BlackRock Inc. now owns 2,317,894 shares of the bank’s stock worth $67,638,000 after acquiring an additional 14,129 shares during the last quarter. Villere ST Denis J & Co. LLC increased its stake in First Hawaiian by 15.1% in the fourth quarter. Villere ST Denis J & Co. LLC now owns 1,969,699 shares of the bank’s stock valued at $57,475,000 after purchasing an additional 259,056 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in First Hawaiian by 45.4% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,814,950 shares of the bank’s stock valued at $54,975,000 after purchasing an additional 566,520 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in First Hawaiian by 21.3% in the fourth quarter. American Century Companies Inc. now owns 1,139,142 shares of the bank’s stock valued at $33,240,000 after purchasing an additional 200,317 shares during the last quarter. 36.30% of the stock is owned by hedge funds and other institutional investors.
Shares of First Hawaiian Inc (NASDAQ:FHB) opened at $29.07 on Monday. First Hawaiian Inc has a 1 year low of $26.30 and a 1 year high of $32.36. The stock has a market capitalization of $4,058.20, a PE ratio of 17.51, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Monday, February 26th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend was Friday, February 23rd. This is an increase from First Hawaiian’s previous quarterly dividend of $0.22. First Hawaiian’s payout ratio is 72.73%.
Several research firms recently commented on FHB. BidaskClub upgraded First Hawaiian from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research upgraded First Hawaiian from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Monday, March 5th. Barclays dropped their target price on First Hawaiian from $36.00 to $33.00 and set an “overweight” rating for the company in a research note on Friday, January 26th. JPMorgan Chase & Co. lowered First Hawaiian from an “overweight” rating to a “neutral” rating and set a $32.00 target price for the company. in a research note on Friday, January 26th. Finally, Citigroup reiterated a “neutral” rating and issued a $32.00 target price on shares of First Hawaiian in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. First Hawaiian currently has a consensus rating of “Hold” and an average price target of $32.38.
About First Hawaiian
First Hawaiian, Inc, formerly BancWest Corporation, is a bank holding company. The Company owns First Hawaiian Bank. It operates through three segments: Retail Banking, which includes the financial products and services it provides to consumers, small businesses and certain commercial customers; Commercial Banking, which includes its corporate banking, residential and commercial real estate loans, commercial lease financing, auto dealer financing, deposit products and credit cards, and Treasury and Other, which includes its treasury business, which consists of corporate asset and liability management activities, including interest rate risk management.
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