The Manufacturers Life Insurance Company Decreases Stake in First Hawaiian, Inc. (NASDAQ:FHB)

The Manufacturers Life Insurance Company decreased its holdings in First Hawaiian, Inc. (NASDAQ:FHB) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,133,308 shares of the bank’s stock after selling 491,451 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.08% of First Hawaiian worth $262,959,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new position in First Hawaiian in the fourth quarter worth $36,000. Blue Trust Inc. boosted its stake in First Hawaiian by 49.2% in the fourth quarter. Blue Trust Inc. now owns 2,742 shares of the bank’s stock valued at $71,000 after acquiring an additional 904 shares during the period. Global Retirement Partners LLC raised its position in shares of First Hawaiian by 32.4% during the 4th quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank’s stock worth $74,000 after purchasing an additional 693 shares during the period. GAMMA Investing LLC increased its position in First Hawaiian by 14.6% in the fourth 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, Smartleaf Asset Management LLC lifted its stake in First Hawaiian by 280.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,980 shares of the bank’s stock valued at $103,000 after buying an additional 2,934 shares during the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

First Hawaiian Trading Down 0.8 %

Shares of NASDAQ FHB opened at $22.85 on Monday. First Hawaiian, Inc. has a twelve month low of $19.48 and a twelve month high of $28.80. The firm has a 50-day moving average of $24.20 and a two-hundred day moving average of $25.57. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 3.28 and a beta of 0.77.

First Hawaiian (NASDAQ:FHB) last issued its earnings results on Wednesday, April 23rd. The bank reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The firm had revenue of $211.00 million during the quarter, compared to analysts’ expectations of $210.24 million. First Hawaiian had a net margin of 19.74% and a return on equity of 8.91%. As a group, research analysts predict 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, May 30th. Stockholders of record on Monday, May 19th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.55%. The ex-dividend date is Monday, May 19th. First Hawaiian’s dividend payout ratio (DPR) is presently 56.52%.

Analyst Ratings Changes

FHB has been the topic of a number of analyst reports. Piper Sandler increased their price objective on shares of First Hawaiian from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. The Goldman Sachs Group increased their price objective on First Hawaiian from $26.00 to $29.00 and gave the stock a “sell” rating in a report on Monday, February 3rd. Barclays reduced their price target on First Hawaiian from $30.00 to $27.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. lowered their price target on First Hawaiian from $26.00 to $25.00 and set an “underweight” rating on the stock in a report on Thursday. Finally, Keefe, Bruyette & Woods decreased their target price on shares of First Hawaiian from $30.00 to $28.00 and set a “market perform” rating for the company in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $27.29.

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.