Curated Wealth Partners LLC bought a new stake in First Hawaiian, Inc. (NASDAQ:FHB – Free Report) during the third quarter, HoldingsChannel reports. The institutional investor bought 20,169 shares of the bank’s stock, valued at approximately $497,000.
A number of other large investors have also recently bought and sold shares of FHB. BlackRock Inc. acquired a new stake in First Hawaiian during the 2nd quarter valued at $483,971,000. The Manufacturers Life Insurance Company purchased a new stake in shares of First Hawaiian in the second quarter valued at $62,568,000. Bank of America Corp DE purchased a new stake in shares of First Hawaiian in the second quarter valued at $53,105,000. Bank of New York Mellon Corp purchased a new stake in shares of First Hawaiian in the second quarter valued at $32,977,000. Finally, Quantinno Capital Management LP boosted its stake in shares of First Hawaiian by 60.3% during the first quarter. Quantinno Capital Management LP now owns 1,798,815 shares of the bank’s stock valued at $44,323,000 after acquiring an additional 676,433 shares during the last quarter. Institutional investors and hedge funds own 97.63% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Benchmark reiterated a “hold” rating on shares of First Hawaiian in a research report on Tuesday, July 14th. Stephens raised shares of First Hawaiian from an “equal weight” rating to an “overweight” rating and set a $33.00 target price for the company in a research note on Thursday, August 6th. Zacks Research lowered shares of First Hawaiian from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Barclays raised their price target on shares of First Hawaiian from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 7th. Finally, TD Cowen decreased their price target on shares of First Hawaiian from $31.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, October 5th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $29.00.
Get Our Latest Analysis on FHB
First Hawaiian Trading Up 0.0%
Shares of FHB opened at $24.95 on Friday. The firm has a market capitalization of $3.04 billion, a P/E ratio of 10.84, a price-to-earnings-growth ratio of 1.29 and a beta of 0.76. The stock’s fifty day simple moving average is $25.72 and its 200 day simple moving average is $26.96. First Hawaiian, Inc. has a twelve month low of $22.84 and a twelve month high of $30.58.
First Hawaiian (NASDAQ:FHB – Get Free Report) last issued its earnings results on Friday, July 24th. The bank reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $227.77 million. During the same quarter last year, the firm earned $0.58 earnings per share. Sell-side analysts predict that First Hawaiian, Inc. will post 2.39 earnings per share for the current year.
First Hawaiian Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 17th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Monday, August 17th. First Hawaiian’s dividend payout ratio (DPR) is 45.22%.
First Hawaiian Company Profile
First Hawaiian, Inc is a bank holding company headquartered in Honolulu, Hawaii, and the parent company of First Hawaiian Bank. Founded in 1858, First Hawaiian Bank is one of the oldest financial institutions in Hawaii and provides banking services to consumers, businesses, and government and institutional customers.
First Hawaiian Bank offers a range of financial products and services, including checking and savings accounts, certificates of deposit, residential and commercial real estate loans, consumer lending, credit cards, treasury management, online and mobile banking, and wealth management services.
Featured Stories
- Five stocks we like better than First Hawaiian
- Bank of America Stock Sell-Off Looks Like a Buying Opportunity
- AST SpaceMobile Is Down 67%—Could SpaceX’s Mobile Push Deepen the Selloff?
- GlobalFoundries’ $21 Billion Deal Could Change the Economics of Chipmaking
- Fundamental and Technicals Signals Align for Costco: Is the Stock Finally Breaking Out?
Want to see what other hedge funds are holding FHB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Hawaiian, Inc. (NASDAQ:FHB – Free Report).
Receive News & Ratings for First Hawaiian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Hawaiian and related companies with MarketBeat.com's FREE daily email newsletter.
