Diversified Trust Co Buys New Shares in First Hawaiian, Inc. $FHB

Diversified Trust Co purchased a new stake in shares of First Hawaiian, Inc. (NASDAQ:FHB – Free Report) during the first quarter, Holdings Channel reports. The firm purchased 26,946 shares of the bank’s stock, valued at approximately $664,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FHB. Eurizon Capital SGR S.p.A. bought a new position in shares of First Hawaiian during the 4th quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. grew its position in First Hawaiian by 2,916.7% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,086 shares of the bank’s stock valued at $27,000 after acquiring an additional 1,050 shares during the last quarter. Global Retirement Partners LLC raised its stake in shares of First Hawaiian by 45.7% during the fourth quarter. Global Retirement Partners LLC now owns 1,702 shares of the bank’s stock worth $43,000 after acquiring an additional 534 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of First Hawaiian during the fourth quarter worth approximately $46,000. Finally, Danske Bank A S bought a new stake in shares of First Hawaiian in the 3rd quarter worth approximately $47,000. 97.63% of the stock is currently owned by hedge funds and other institutional investors.

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First Hawaiian Price Performance

NASDAQ FHB opened at $28.96 on Thursday. First Hawaiian, Inc. has a 1 year low of $22.65 and a 1 year high of $29.03. The stock has a market capitalization of $3.52 billion, a PE ratio of 12.70, a PEG ratio of 2.11 and a beta of 0.74. The business’s 50-day moving average is $27.26 and its 200 day moving average is $26.31.

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

First Hawaiian Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were issued a $0.26 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.04 annualized dividend and a yield of 3.6%. First Hawaiian’s dividend payout ratio (DPR) is 45.61%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FHB shares. Stephens set a $28.00 price target on shares of First Hawaiian in a research note on Monday, April 27th. TD Cowen boosted their target price on First Hawaiian from $28.00 to $29.00 and gave the company a “hold” rating in a research note on Tuesday, April 28th. Wall Street Zen lowered First Hawaiian from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Wells Fargo & Company boosted their price objective on First Hawaiian from $24.00 to $26.00 and gave the company an “underweight” rating in a research report on Monday, March 30th. Finally, Weiss Ratings raised First Hawaiian from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 9th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $27.56.

Read Our Latest Analysis on FHB

First Hawaiian Company 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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