Two Sigma Advisers LP Has $644,000 Holdings in First Hawaiian, Inc. (NASDAQ:FHB)

Two Sigma Advisers LP cut its position in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 68.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 24,800 shares of the bank's stock after selling 52,700 shares during the quarter. Two Sigma Advisers LP's holdings in First Hawaiian were worth $644,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. M&T Bank Corp increased its position in shares of First Hawaiian by 2.5% during the 4th quarter. M&T Bank Corp now owns 16,661 shares of the bank's stock valued at $432,000 after purchasing an additional 409 shares during the period. Covestor Ltd grew its holdings in shares of First Hawaiian by 8.1% in the 4th quarter. Covestor Ltd now owns 7,226 shares of the bank's stock worth $188,000 after acquiring an additional 539 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in shares of First Hawaiian by 1.8% in the 4th quarter. Evergreen Capital Management LLC now owns 37,260 shares of the bank's stock worth $967,000 after acquiring an additional 649 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of 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 acquiring an additional 693 shares during the last quarter. Finally, HighPoint Advisor Group LLC grew its holdings in shares of First Hawaiian by 6.8% in the 4th quarter. HighPoint Advisor Group LLC now owns 12,086 shares of the bank's stock worth $335,000 after acquiring an additional 765 shares during the last quarter. 97.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FHB shares. JPMorgan Chase & Co. decreased their target price on First Hawaiian from $26.00 to $25.00 and set an "underweight" rating on the stock in a report on Thursday, April 24th. 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 report on Thursday, April 24th. 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 report on Tuesday, April 8th. Finally, Wells Fargo & Company lowered 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. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, First Hawaiian currently has a consensus rating of "Hold" and an average target price of $27.29.

First Hawaiian Price Performance

First Hawaiian stock traded up $0.53 during mid-day trading on Friday, hitting $24.14. The company's stock had a trading volume of 519,053 shares, compared to its average volume of 733,243. The firm's 50 day moving average is $23.17 and its 200 day moving average is $25.20. The company has a market cap of $3.03 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 3.28 and a beta of 0.83. 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 earnings results on Wednesday, April 23rd. The bank reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. The company had revenue of $211.00 million for 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 revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 EPS. As a group, analysts forecast that First Hawaiian, Inc. will post 1.95 EPS for the current year.

First Hawaiian Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 19th were paid a $0.26 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.04 annualized dividend and a dividend yield of 4.31%. First Hawaiian's payout ratio is 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.