Nuveen Asset Management LLC Reduces Stake in First Hawaiian, Inc. (NASDAQ:FHB)

Nuveen Asset Management LLC reduced its stake in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 659,583 shares of the bank's stock after selling 22,506 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.52% of First Hawaiian worth $17,116,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of FHB. Jones Financial Companies Lllp bought a new position in First Hawaiian in the 4th quarter worth $36,000. Blue Trust Inc. raised its holdings in First Hawaiian by 49.2% in the 4th quarter. Blue Trust Inc. now owns 2,742 shares of the bank's stock worth $71,000 after purchasing an additional 904 shares during the period. Global Retirement Partners LLC raised its holdings in First Hawaiian by 32.4% in the 4th quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank's stock worth $74,000 after purchasing an additional 693 shares during the period. Smartleaf Asset Management LLC raised its holdings in First Hawaiian by 280.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,980 shares of the bank's stock worth $103,000 after purchasing an additional 2,934 shares during the period. Finally, KBC Group NV raised its holdings in First Hawaiian by 72.1% in the 4th quarter. KBC Group NV now owns 6,154 shares of the bank's stock worth $160,000 after purchasing an additional 2,579 shares during the period. 97.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wells Fargo & Company decreased their price target on First Hawaiian from $24.00 to $22.00 and set an "underweight" rating on the stock in a report on Wednesday, April 9th. The Goldman Sachs Group raised their price target on First Hawaiian from $26.00 to $29.00 and gave the company a "sell" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. decreased 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. Barclays decreased their price target on First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Finally, Piper Sandler raised their price target on First Hawaiian from $28.00 to $30.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $27.29.

First Hawaiian Price Performance

Shares of First Hawaiian stock traded up $0.06 during trading on Thursday, reaching $23.68. 62,139 shares of the stock traded hands, compared to its average volume of 731,221. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 13.23, a P/E/G ratio of 3.28 and a beta of 0.82. The business has a fifty day simple moving average of $23.29 and a two-hundred day simple moving average of $25.37. 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 issued its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 8.91% and a net margin of 19.74%. The business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.42 earnings per share. On average, research analysts predict that First Hawaiian, Inc. will post 1.95 earnings per share for the current fiscal year.

First Hawaiian Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 19th will be given a $0.26 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.04 annualized dividend and a yield of 4.39%. 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.