iSAM Funds UK Ltd Invests $1.17 Million in First Hawaiian, Inc. $FHB

Key Points

• iSAM Funds UK Ltd bought 39,900 First Hawaiian shares worth approximately $1.17 million, making up 0.8% of its portfolio. Institutional investors collectively own 97.63% of the bank.
• Analyst sentiment remains cautious: First Hawaiian has a consensus “Reduce” rating and an average price target of $30.25, despite Stephens upgrading the stock to “overweight.”
• First Hawaiian exceeded quarterly expectations with $0.60 in EPS and $231.27 million in revenue. The bank also maintains a quarterly dividend of $0.26 per share, representing a 4.0% annualized yield.

iSAM Funds UK Ltd bought a new stake in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 39,900 shares of the bank's stock, valued at approximately $1,169,000. First Hawaiian comprises approximately 0.8% of iSAM Funds UK Ltd's investment portfolio, making the stock its 26th biggest holding.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nykredit A S bought a new stake in First Hawaiian in the second quarter worth $65,000. Wellington Management Group LLP increased its position in First Hawaiian by 14.0% during the second quarter. Wellington Management Group LLP now owns 884,450 shares of the bank's stock valued at $25,914,000 after acquiring an additional 108,459 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of First Hawaiian in the second quarter valued at $1,581,000. United Capital Financial Advisors LLC purchased a new stake in shares of First Hawaiian in the second quarter valued at $307,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of First Hawaiian in the 2nd quarter worth about $1,083,000. Hedge funds and other institutional investors own 97.63% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Stephens raised shares of First Hawaiian from an "equal weight" rating to an "overweight" rating and set a $33.00 price target for the company in a research note on Thursday, August 6th. The Goldman Sachs Group increased their price objective on shares of First Hawaiian from $27.00 to $30.00 and gave the stock a "sell" rating in a research report on Tuesday, July 7th. Barclays increased their target price on First Hawaiian from $28.00 to $30.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 7th. Zacks Research downgraded First Hawaiian from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 13th. Finally, Wall Street Zen raised First Hawaiian from a "sell" rating to a "hold" rating in a research report on Saturday, August 29th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, First Hawaiian presently has a consensus rating of "Reduce" and a consensus target price of $30.25.

First Hawaiian Stock Performance

NASDAQ FHB opened at $25.75 on Thursday. First Hawaiian, Inc. has a one year low of $22.65 and a one year high of $30.58. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 11.20, a price-to-earnings-growth ratio of 1.59 and a beta of 0.72. The company's 50-day simple moving average is $28.07 and its two-hundred day simple moving average is $26.89.

First Hawaiian (NASDAQ:FHB - Get Free Report) last released its quarterly earnings data on Friday, July 24th. The bank reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.58 by $0.02. The firm had revenue of $231.27 million for the quarter, compared to the consensus estimate of $227.77 million. First Hawaiian had a net margin of 24.41% and a return on equity of 10.27%. During the same period last year, the firm earned $0.58 earnings per share. Equities analysts expect that First Hawaiian, Inc. will post 2.34 earnings per share for the current fiscal year.

First Hawaiian Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 17th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Monday, August 17th. First Hawaiian's dividend payout ratio (DPR) is 45.22%.

First Hawaiian Company Profile

First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.

First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.

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