UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in First Hawaiian, Inc. (NASDAQ:FHB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 18.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 393,393 shares of the bank's stock after purchasing an additional 62,306 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.31% of First Hawaiian worth $10,209,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. M&T Bank Corp boosted its stake in First Hawaiian by 2.5% during the 4th quarter. M&T Bank Corp now owns 16,661 shares of the bank's stock worth $432,000 after acquiring an additional 409 shares during the last quarter. Covestor Ltd boosted its stake in First Hawaiian by 8.1% during 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 boosted its stake in First Hawaiian by 1.8% during 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 boosted its stake in First Hawaiian by 32.4% during 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 boosted its stake in First Hawaiian by 6.8% during 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 owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on FHB shares. Keefe, Bruyette & Woods cut their price target on shares of First Hawaiian from $30.00 to $28.00 and set a "market perform" rating on the stock in a research note on Thursday, April 24th. Barclays cut their price target on shares of First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. cut their price target on shares of First Hawaiian from $26.00 to $25.00 and set an "underweight" rating on the stock in a research note on Thursday, April 24th. Finally, Wells Fargo & Company cut their price objective on shares of First Hawaiian from $24.00 to $22.00 and set an "underweight" rating on the stock in a research report on Wednesday, April 9th. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $27.29.

First Hawaiian Stock Performance

First Hawaiian stock traded down $0.34 during midday trading on Wednesday, reaching $23.59. 532,549 shares of the stock were exchanged, compared to its average volume of 731,848. The company's fifty day moving average is $23.19 and its 200-day moving average is $25.25. The firm has a market cap of $2.97 billion, a PE ratio of 13.18, a PEG ratio of 3.28 and a beta of 0.82. 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 released 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. First Hawaiian had a net margin of 19.74% and a return on equity of 8.91%. The business had revenue of $211.00 million during the quarter, compared to analysts' expectations of $210.24 million. During the same quarter in the previous year, the company earned $0.42 EPS. The business's quarterly revenue was up 2.5% compared to the same quarter last year. On average, sell-side analysts anticipate that First Hawaiian, Inc. will post 1.95 earnings per share for the current fiscal year.

First Hawaiian Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 19th were given a dividend of $0.26 per share. The ex-dividend date was Monday, May 19th. This represents a $1.04 annualized dividend and a yield of 4.41%. First Hawaiian's payout ratio is currently 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.