Cibc World Market Inc. Takes Position in First Hawaiian, Inc. $FHB

Cibc World Market Inc. bought a new position in shares of First Hawaiian, Inc. (NASDAQ:FHBFree Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 122,765 shares of the bank’s stock, valued at approximately $3,597,000. Cibc World Market Inc. owned approximately 0.10% of First Hawaiian as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the business. Sanctuary Advisors LLC purchased a new position in First Hawaiian in the second quarter valued at approximately $502,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of First Hawaiian during the 2nd quarter worth approximately $3,263,000. Commerce Bank acquired a new position in shares of First Hawaiian in the 2nd quarter valued at $722,000. Quantbot Technologies LP acquired a new position in shares of First Hawaiian in the 2nd quarter valued at $1,845,000. Finally, Evolve Private Wealth LLC purchased a new position in shares of First Hawaiian in the 2nd quarter valued at $826,000. Hedge funds and other institutional investors own 97.63% of the company’s stock.

First Hawaiian Stock Up 0.7%

NASDAQ FHB opened at $25.96 on Thursday. The firm has a market cap of $3.16 billion, a P/E ratio of 11.29, a P/E/G ratio of 1.62 and a beta of 0.73. First Hawaiian, Inc. has a 52-week low of $22.65 and a 52-week high of $30.58. The business’s 50-day moving average price is $28.34 and its 200 day moving average price is $26.93.

First Hawaiian (NASDAQ:FHBGet Free Report) last posted its quarterly earnings data on Friday, July 24th. The bank reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. First Hawaiian had a return on equity of 10.27% and a net margin of 24.41%.The firm had revenue of $231.27 million during the quarter, compared to the consensus estimate of $227.77 million. During the same period in the prior year, the business earned $0.58 EPS. As a group, analysts anticipate that First Hawaiian, Inc. will post 2.34 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, August 28th. Stockholders of record on Monday, August 17th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.0%. First Hawaiian’s payout ratio is presently 45.22%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FHB shares. JPMorgan Chase & Co. lifted their price target on shares of First Hawaiian from $27.00 to $31.00 and gave the stock an “underweight” rating in a research note on Wednesday, July 1st. Zacks Research downgraded shares of First Hawaiian from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. Barclays raised their price objective on First Hawaiian from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 7th. Benchmark reiterated a “hold” rating on shares of First Hawaiian in a research report on Tuesday, July 14th. Finally, Wells Fargo & Company boosted their target price on First Hawaiian from $26.00 to $28.00 and gave the company an “underweight” rating in a report on Monday, July 6th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $30.25.

Check Out Our Latest Research Report on FHB

About First Hawaiian

(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.

See Also

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

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