Barclays PLC Sells 27,003 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

Barclays PLC decreased its position in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 25.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 77,148 shares of the bank's stock after selling 27,003 shares during the quarter. Barclays PLC owned approximately 0.06% of First Hawaiian worth $2,002,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Sterling Capital Management LLC lifted its stake in shares of First Hawaiian by 51.0% in the 4th quarter. Sterling Capital Management LLC now owns 7,636 shares of the bank's stock valued at $198,000 after purchasing an additional 2,580 shares during the period. Covestor Ltd lifted its holdings in shares of First Hawaiian by 8.1% in the fourth quarter. Covestor Ltd now owns 7,226 shares of the bank's stock valued at $188,000 after purchasing an additional 539 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in First Hawaiian by 204.4% during the 4th quarter. Treasurer of the State of North Carolina now owns 169,410 shares of the bank's stock worth $4,396,000 after acquiring an additional 113,760 shares during the last quarter. Raymond James Financial Inc. bought a new position in First Hawaiian in the fourth quarter valued at $32,086,000. Finally, Bank of Montreal Can increased its position in shares of First Hawaiian by 11.9% in the fourth quarter. Bank of Montreal Can now owns 20,028 shares of the bank's stock valued at $520,000 after acquiring an additional 2,126 shares during the last quarter. Institutional investors and hedge funds own 97.63% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lowered their target price on shares of First Hawaiian from $24.00 to $22.00 and set an "underweight" rating on the stock in a report on Wednesday, April 9th. Barclays decreased their price objective on First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group raised their target price on shares of First Hawaiian from $26.00 to $29.00 and gave the stock a "sell" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. decreased their target price on shares of First Hawaiian from $26.00 to $25.00 and set an "underweight" rating on the stock in a report on Thursday, April 24th. Finally, Piper Sandler lifted their target price on First Hawaiian from $28.00 to $30.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $27.29.

First Hawaiian Stock Up 0.4 %

Shares of First Hawaiian stock opened at $22.95 on Friday. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 12.82, a P/E/G ratio of 3.28 and a beta of 0.77. First Hawaiian, Inc. has a twelve month low of $19.48 and a twelve month high of $28.80. The company's fifty day moving average is $23.89 and its 200 day moving average is $25.52.

First Hawaiian (NASDAQ:FHB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. First Hawaiian had a net margin of 19.74% and a return on equity of 8.91%. The firm had revenue of $211.00 million for the quarter, compared to the consensus estimate of $210.24 million. During the same quarter in the previous year, the company earned $0.42 EPS. The company's revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities analysts anticipate that First Hawaiian, Inc. will post 1.95 earnings per share for the current fiscal year.

First Hawaiian Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend is Monday, May 19th. First Hawaiian's dividend payout ratio (DPR) is 56.52%.

About First Hawaiian

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.

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