BNP Paribas Financial Markets Reduces Stake in First Hawaiian, Inc. (NASDAQ:FHB)

BNP Paribas Financial Markets lessened its position in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 75.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,373 shares of the bank's stock after selling 19,979 shares during the quarter. BNP Paribas Financial Markets' holdings in First Hawaiian were worth $165,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp bought a new stake in First Hawaiian during the fourth quarter worth approximately $36,000. Blue Trust Inc. increased its position in shares of First Hawaiian by 49.2% during the 4th quarter. Blue Trust Inc. now owns 2,742 shares of the bank's stock valued at $71,000 after purchasing an additional 904 shares during the last quarter. Global Retirement Partners LLC raised its holdings in First Hawaiian by 32.4% during the 4th quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank's stock valued at $74,000 after buying an additional 693 shares during the period. Smartleaf Asset Management LLC lifted its position in First Hawaiian by 280.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,980 shares of the bank's stock worth $103,000 after buying an additional 2,934 shares during the last quarter. Finally, KBC Group NV boosted its stake in First Hawaiian by 72.1% during the fourth quarter. KBC Group NV now owns 6,154 shares of the bank's stock worth $160,000 after buying an additional 2,579 shares during the period. Institutional investors own 97.63% of the company's stock.

Analyst Ratings Changes

FHB has been the topic of a number of recent analyst reports. Barclays reduced 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 research report on Tuesday, April 8th. Keefe, Bruyette & Woods decreased their price target on 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. JPMorgan Chase & Co. cut their price objective on First Hawaiian from $26.00 to $25.00 and set an "underweight" rating on the stock in a research report on Thursday, April 24th. Finally, Wells Fargo & Company reduced their target price on shares of First Hawaiian from $24.00 to $22.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 9th. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company's stock. Based on data from MarketBeat, First Hawaiian has an average rating of "Hold" and a consensus price target of $27.29.

First Hawaiian Price Performance

First Hawaiian stock traded down $0.34 during trading hours on Wednesday, reaching $23.59. The stock had a trading volume of 532,549 shares, compared to its average volume of 731,848. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 13.18, a PEG ratio of 3.28 and a beta of 0.82. The business's 50 day moving average price is $23.20 and its 200-day moving average price is $25.26. First Hawaiian, Inc. has a 52 week low of $19.48 and a 52 week high of $28.80.

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

First Hawaiian Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were issued a $0.26 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.41%. First Hawaiian's dividend payout ratio is currently 56.52%.

First Hawaiian 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.