Vestmark Advisory Solutions Inc. Has $4.71 Million Holdings in First Hawaiian, Inc. $FHB

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in First Hawaiian, Inc. by 92.4%, acquiring an additional 92,561 shares, bringing its total holdings to 192,788 shares valued at approximately $4.7 million.
• First Hawaiian's stock has been rated as "underweight" by multiple firms, with a mixed analysis from different analysts, resulting in an average target price of $27.64.
• The company declared a quarterly dividend of $0.26, offering a 4.1% yield, with a dividend payout ratio of 53.61%.

Vestmark Advisory Solutions Inc. boosted its position in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 92.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 192,788 shares of the bank's stock after acquiring an additional 92,561 shares during the period. Vestmark Advisory Solutions Inc. owned about 0.15% of First Hawaiian worth $4,712,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd raised its stake in First Hawaiian by 199.7% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,058 shares of the bank's stock worth $26,000 after purchasing an additional 705 shares during the period. Headlands Technologies LLC purchased a new position in First Hawaiian in the first quarter valued at approximately $44,000. Versant Capital Management Inc lifted its holdings in shares of First Hawaiian by 65.1% during the 1st quarter. Versant Capital Management Inc now owns 3,128 shares of the bank's stock valued at $76,000 after acquiring an additional 1,233 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of First Hawaiian by 26.0% in the first quarter. Parallel Advisors LLC now owns 4,462 shares of the bank's stock worth $109,000 after buying an additional 920 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of First Hawaiian by 36.4% in the first quarter. GAMMA Investing LLC now owns 4,943 shares of the bank's stock valued at $121,000 after purchasing an additional 1,319 shares during the period. Institutional investors and hedge funds own 97.63% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FHB shares. Wells Fargo & Company boosted their target price on shares of First Hawaiian from $22.00 to $24.00 and gave the stock an "underweight" rating in a research report on Thursday, July 10th. Barclays restated an "underweight" rating on shares of First Hawaiian in a research note on Tuesday, July 8th. JPMorgan Chase & Co. upped their price target on shares of First Hawaiian from $25.00 to $25.50 and gave the stock an "underweight" rating in a research report on Tuesday, July 1st. Wall Street Zen upgraded First Hawaiian from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Keefe, Bruyette & Woods dropped 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 report on Thursday, April 24th. Three analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, First Hawaiian currently has a consensus rating of "Strong Sell" and an average target price of $27.64.

First Hawaiian Trading Up 0.2%

NASDAQ FHB traded up $0.04 on Wednesday, reaching $24.61. The stock had a trading volume of 740,420 shares, compared to its average volume of 1,028,051. The business has a 50 day moving average price of $24.80 and a 200 day moving average price of $24.58. First Hawaiian, Inc. has a 1 year low of $20.32 and a 1 year high of $28.80. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 5.98 and a beta of 0.84.

First Hawaiian (NASDAQ:FHB - Get Free Report) last posted its earnings results on Friday, July 25th. The bank reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.09. The firm had revenue of $217.54 million during the quarter, compared to analysts' expectations of $214.67 million. First Hawaiian had a net margin of 21.45% and a return on equity of 9.29%. During the same period in the previous year, the company earned $0.48 earnings per share. On average, analysts anticipate 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, August 29th. Shareholders of record on Monday, August 18th will be given a $0.26 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.2%. First Hawaiian's payout ratio is currently 53.61%.

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.