Nuveen Asset Management LLC Has $17.12 Million Stock Position in First Hawaiian, Inc. (NASDAQ:FHB)

Nuveen Asset Management LLC reduced its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 659,583 shares of the bank's stock after selling 22,506 shares during the period. Nuveen Asset Management LLC owned 0.52% of First Hawaiian worth $17,116,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FHB. Jones Financial Companies Lllp bought a new position in shares of First Hawaiian in the fourth quarter worth about $36,000. Blue Trust Inc. grew its position in First Hawaiian by 49.2% during the fourth quarter. Blue Trust Inc. now owns 2,742 shares of the bank's stock worth $71,000 after buying an additional 904 shares in the last quarter. Global Retirement Partners LLC grew 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 worth $74,000 after buying an additional 693 shares in the last quarter. Smartleaf Asset Management LLC grew its position in First Hawaiian by 280.5% during 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 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 worth $160,000 after buying an additional 2,579 shares in the last quarter. 97.63% of the stock is currently owned by institutional investors.

First Hawaiian Stock Performance

NASDAQ FHB traded up $0.50 during trading on Tuesday, reaching $23.92. 446,724 shares of the company traded hands, compared to its average volume of 734,231. The stock's 50 day moving average price is $23.31 and its two-hundred day moving average price is $25.39. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 13.36, a P/E/G ratio of 3.28 and a beta of 0.82. First Hawaiian, Inc. has a 1-year low of $19.48 and a 1-year high of $28.80.

First Hawaiian (NASDAQ:FHB - Get Free Report) last announced its 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 business had revenue of $211.00 million for the quarter, compared to the consensus estimate of $210.24 million. During the same period in the previous year, the business earned $0.42 EPS. First Hawaiian's revenue was up 2.5% compared to the same quarter last year. Equities research analysts expect that First Hawaiian, Inc. will post 1.95 EPS for the current fiscal year.

First Hawaiian Dividend Announcement

The business also recently disclosed 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. This represents a $1.04 annualized dividend and a yield of 4.35%. The ex-dividend date is Monday, May 19th. First Hawaiian's dividend payout ratio (DPR) is presently 56.52%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods decreased their target price on First Hawaiian from $30.00 to $28.00 and set a "market perform" rating on the stock in a research report on Thursday, April 24th. Wells Fargo & Company decreased their target price on First Hawaiian from $24.00 to $22.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 9th. The Goldman Sachs Group lifted their target price on First Hawaiian from $26.00 to $29.00 and gave the stock a "sell" rating in a research report on Monday, February 3rd. Barclays decreased their target price on 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. Finally, JPMorgan Chase & Co. decreased 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. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $27.29.

First Hawaiian Company 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.