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

Barclays PLC cut its holdings in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 25.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FHB. Alliancebernstein L.P. raised its holdings in First Hawaiian by 19.7% in the 4th quarter. Alliancebernstein L.P. now owns 5,244,211 shares of the bank's stock valued at $136,087,000 after buying an additional 864,420 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of First Hawaiian by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,670,929 shares of the bank's stock worth $43,361,000 after purchasing an additional 9,775 shares during the period. Norges Bank bought a new stake in shares of First Hawaiian in the 4th quarter valued at $36,266,000. Raymond James Financial Inc. acquired a new stake in shares of First Hawaiian during the fourth quarter worth $32,086,000. Finally, Wellington Management Group LLP raised its stake in First Hawaiian by 1.8% during the fourth quarter. Wellington Management Group LLP now owns 699,224 shares of the bank's stock worth $18,145,000 after buying an additional 12,523 shares during the last quarter. 97.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on FHB shares. The Goldman Sachs Group increased their price target on 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. cut their price target on First Hawaiian from $26.00 to $25.00 and set an "underweight" rating on the stock in a report on Thursday, April 24th. Keefe, Bruyette & Woods lowered their price objective on shares of First Hawaiian from $30.00 to $28.00 and set a "market perform" rating for the company in a research note on Thursday, April 24th. Piper Sandler raised their price target on shares of First Hawaiian from $28.00 to $30.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. Finally, Barclays dropped their price objective on shares of First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $27.29.

First Hawaiian Stock Down 0.4 %

FHB stock traded down $0.09 during mid-day trading on Wednesday, reaching $22.94. 958,721 shares of the company traded hands, compared to its average volume of 728,029. The firm's 50 day moving average price is $23.61 and its 200 day moving average price is $25.49. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 12.82, a P/E/G ratio of 3.28 and a beta of 0.82. First Hawaiian, Inc. has a fifty-two week low of $19.48 and a fifty-two week high of $28.80.

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

First Hawaiian Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 19th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $1.04 annualized dividend and a yield of 4.53%. First Hawaiian's dividend payout ratio (DPR) is 56.52%.

First Hawaiian Company Profile

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.