First Hawaiian, Inc. (NASDAQ:FHB) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP lowered its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 89.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,602 shares of the bank's stock after selling 164,387 shares during the period. Two Sigma Investments LP's holdings in First Hawaiian were worth $483,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Dimensional Fund Advisors LP grew its position in shares of First Hawaiian by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,664,425 shares of the bank's stock valued at $146,992,000 after purchasing an additional 186,993 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of First Hawaiian by 19.7% during the 4th quarter. Alliancebernstein L.P. now owns 5,244,211 shares of the bank's stock worth $136,087,000 after acquiring an additional 864,420 shares during the period. Northern Trust Corp boosted its position in shares of First Hawaiian by 10.7% in the fourth quarter. Northern Trust Corp now owns 2,188,005 shares of the bank's stock worth $56,779,000 after acquiring an additional 211,399 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in First Hawaiian by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,670,929 shares of the bank's stock valued at $43,361,000 after purchasing an additional 9,775 shares during the period. Finally, Norges Bank acquired a new position in First Hawaiian during the fourth quarter worth approximately $36,266,000. Hedge funds and other institutional investors own 97.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of First Hawaiian from $24.00 to $22.00 and set an "underweight" rating for the company in a research note on Wednesday, April 9th. Barclays lowered their price target on First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. 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 report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods decreased their target price on First Hawaiian from $30.00 to $28.00 and set a "market perform" rating for the company in a report on Thursday, April 24th. Three 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.com, the stock has an average rating of "Hold" and a consensus target price of $27.29.

First Hawaiian Trading Down 3.1%

NASDAQ:FHB traded down $0.74 during mid-day trading on Friday, hitting $23.41. The company had a trading volume of 1,370,472 shares, compared to its average volume of 827,801. The business has a fifty day simple moving average of $23.29 and a 200-day simple moving average of $25.11. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 13.08, a PEG ratio of 3.28 and a beta of 0.83. First Hawaiian, Inc. has a 1 year low of $19.54 and a 1 year high of $28.80.

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

First Hawaiian Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 19th were paid a $0.26 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.04 annualized dividend and a dividend yield of 4.44%. First Hawaiian's dividend payout ratio (DPR) is presently 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.