First Hawaiian, Inc. $FHB Shares Acquired by Crawford Investment Counsel Inc.

Crawford Investment Counsel Inc. grew its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHBFree Report) by 129.9% in the fourth quarter, HoldingsChannel reports. The fund owned 665,047 shares of the bank’s stock after buying an additional 375,735 shares during the period. Crawford Investment Counsel Inc.’s holdings in First Hawaiian were worth $16,826,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in FHB. American Century Companies Inc. boosted its position in First Hawaiian by 131.9% during the 3rd quarter. American Century Companies Inc. now owns 2,891,661 shares of the bank’s stock worth $71,800,000 after acquiring an additional 1,644,752 shares during the period. Norges Bank acquired a new position in First Hawaiian during the 4th quarter worth $40,281,000. AQR Capital Management LLC boosted its position in First Hawaiian by 230.8% during the 3rd quarter. AQR Capital Management LLC now owns 2,206,361 shares of the bank’s stock worth $54,784,000 after acquiring an additional 1,539,415 shares during the period. UBS Group AG boosted its position in First Hawaiian by 176.0% during the 4th quarter. UBS Group AG now owns 1,128,002 shares of the bank’s stock worth $28,538,000 after acquiring an additional 719,312 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in First Hawaiian by 96.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,096,002 shares of the bank’s stock worth $27,729,000 after acquiring an additional 537,841 shares during the period. Institutional investors and hedge funds own 97.63% of the company’s stock.

First Hawaiian Trading Up 0.5%

Shares of NASDAQ FHB opened at $28.33 on Wednesday. First Hawaiian, Inc. has a twelve month low of $22.65 and a twelve month high of $29.03. The firm has a 50-day moving average of $27.01 and a two-hundred day moving average of $26.18. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 2.08 and a beta of 0.74.

First Hawaiian (NASDAQ:FHBGet Free Report) last posted its quarterly earnings data on Friday, April 24th. The bank reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. First Hawaiian had a net margin of 24.44% and a return on equity of 10.39%. The company had revenue of $220.35 million during the quarter, compared to analyst estimates of $223.59 million. During the same quarter last year, the firm posted $0.47 EPS. As a group, research analysts predict that First Hawaiian, Inc. will post 2.33 earnings per share for the current year.

First Hawaiian Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were given a dividend of $0.26 per share. The ex-dividend date was Monday, May 18th. This represents a $1.04 annualized dividend and a dividend yield of 3.7%. First Hawaiian’s dividend payout ratio (DPR) is 45.61%.

Analyst Ratings Changes

FHB has been the subject of a number of analyst reports. Weiss Ratings upgraded First Hawaiian from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 9th. TD Cowen boosted their price target on First Hawaiian from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Tuesday, April 28th. JPMorgan Chase & Co. reduced their price target on First Hawaiian from $29.00 to $25.00 and set an “underweight” rating for the company in a research report on Wednesday, April 1st. Stephens set a $28.00 price target on First Hawaiian in a research report on Monday, April 27th. Finally, Wall Street Zen lowered First Hawaiian from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $27.56.

View Our Latest Report on First Hawaiian

First Hawaiian Profile

(Free Report)

First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.

First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.

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Institutional Ownership by Quarter for First Hawaiian (NASDAQ:FHB)

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