Cramer Rosenthal Mcglynn LLC trimmed its holdings in shares of First Hawaiian Inc (NASDAQ:FHB) by 6.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,534,663 shares of the bank’s stock after selling 113,892 shares during the period. Cramer Rosenthal Mcglynn LLC owned about 1.10% of First Hawaiian worth $44,781,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. State of Alaska Department of Revenue bought a new position in First Hawaiian during the 4th quarter worth about $137,000. Jane Street Group LLC bought a new position in First Hawaiian during the 3rd quarter worth about $208,000. Aperio Group LLC bought a new position in First Hawaiian during the 3rd quarter worth about $210,000. Cadence Capital Management LLC bought a new position in First Hawaiian during the 3rd quarter worth about $245,000. Finally, Koch Industries Inc. bought a new position in First Hawaiian during the 4th quarter worth about $251,000. Institutional investors own 36.30% of the company’s stock.
Several research analysts have issued reports on FHB shares. Zacks Investment Research cut shares of First Hawaiian from a “buy” rating to a “hold” rating in a report on Friday, March 2nd. ValuEngine cut shares of First Hawaiian from a “buy” rating to a “hold” rating in a report on Friday, January 5th. Goldman Sachs Group cut shares of First Hawaiian from a “neutral” rating to a “sell” rating and set a $32.00 target price on the stock. in a report on Thursday, January 4th. Citigroup reiterated a “neutral” rating and set a $32.00 target price on shares of First Hawaiian in a report on Wednesday, January 24th. Finally, JPMorgan Chase & Co. cut shares of First Hawaiian from an “overweight” rating to a “neutral” rating and set a $32.00 target price on the stock. in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $32.38.
First Hawaiian (NASDAQ:FHB) last released its quarterly earnings results on Thursday, January 25th. The bank reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. First Hawaiian had a net margin of 23.80% and a return on equity of 9.10%. The business had revenue of $134.90 million for the quarter, compared to analysts’ expectations of $135.40 million. During the same period last year, the business earned $0.40 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. equities analysts forecast that First Hawaiian Inc will post 1.97 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 26th were issued a $0.24 dividend. This is a boost from First Hawaiian’s previous quarterly dividend of $0.22. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend was Friday, February 23rd. First Hawaiian’s dividend payout ratio (DPR) is currently 72.73%.
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First Hawaiian Profile
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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