Jane Street Group LLC Lowers Position in First Hawaiian, Inc. (NASDAQ:FHB)

Jane Street Group LLC decreased its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 91.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,755 shares of the bank's stock after selling 161,366 shares during the period. Jane Street Group LLC's holdings in First Hawaiian were worth $383,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FHB. JPMorgan Chase & Co. cut their price objective on shares of First Hawaiian from $26.00 to $25.00 and set an "underweight" rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company decreased their price objective on First Hawaiian from $24.00 to $22.00 and set an "underweight" rating on the stock in a report on Wednesday, April 9th. Keefe, Bruyette & Woods dropped 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. Finally, Barclays dropped their price objective on First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, First Hawaiian currently has an average rating of "Hold" and an average target price of $27.29.

First Hawaiian Price Performance

FHB traded down $0.34 during midday trading on Wednesday, reaching $23.59. 532,549 shares of the company's stock traded hands, compared to its average volume of 731,848. First Hawaiian, Inc. has a 52 week low of $19.48 and a 52 week high of $28.80. The firm has a fifty day moving average of $23.20 and a two-hundred day moving average of $25.26. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 13.18, a P/E/G ratio of 3.28 and a beta of 0.82.

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

First Hawaiian Announces Dividend

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