First Hawaiian, Inc. (NASDAQ:FHB) Stock Holdings Lowered by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 16.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 402,468 shares of the bank's stock after selling 77,041 shares during the period. Victory Capital Management Inc. owned about 0.32% of First Hawaiian worth $9,836,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. CWM LLC boosted its holdings in shares of First Hawaiian by 7.5% in the 1st quarter. CWM LLC now owns 12,769 shares of the bank's stock valued at $312,000 after buying an additional 894 shares during the period. Cerity Partners LLC boosted its holdings in shares of First Hawaiian by 4.5% in the 1st quarter. Cerity Partners LLC now owns 36,661 shares of the bank's stock valued at $896,000 after buying an additional 1,581 shares during the period. M&T Bank Corp boosted its holdings in shares of First Hawaiian by 11.2% in the 1st quarter. M&T Bank Corp now owns 18,524 shares of the bank's stock valued at $453,000 after buying an additional 1,863 shares during the period. OneDigital Investment Advisors LLC boosted its holdings in shares of First Hawaiian by 9.4% in the 1st quarter. OneDigital Investment Advisors LLC now owns 24,198 shares of the bank's stock valued at $591,000 after buying an additional 2,081 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of First Hawaiian by 1.3% in the 1st quarter. Principal Financial Group Inc. now owns 627,695 shares of the bank's stock valued at $15,341,000 after buying an additional 7,981 shares during the period. 97.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FHB. JPMorgan Chase & Co. boosted their target price on shares of First Hawaiian from $25.00 to $25.50 and gave the company an "underweight" rating in a research note on Tuesday, July 1st. Wells Fargo & Company boosted their target price on shares of First Hawaiian from $22.00 to $24.00 and gave the company an "underweight" rating in a research note on Thursday, July 10th. Wall Street Zen raised shares of First Hawaiian from a "sell" rating to a "hold" rating in a research note on Saturday. Keefe, Bruyette & Woods reduced their target price on shares of First Hawaiian from $30.00 to $28.00 and set a "market perform" rating for the company in a research note on Thursday, April 24th. Finally, Barclays reissued an "underweight" rating on shares of First Hawaiian in a research note on Tuesday, July 8th. Four investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $27.64.

First Hawaiian Stock Performance

Shares of FHB stock traded down $0.29 during midday trading on Monday, reaching $25.13. 1,002,130 shares of the company were exchanged, compared to its average volume of 1,075,516. First Hawaiian, Inc. has a 12 month low of $20.32 and a 12 month high of $28.80. The company has a market cap of $3.16 billion, a P/E ratio of 12.95, a PEG ratio of 6.46 and a beta of 0.83. The company's 50 day moving average price is $24.63 and its two-hundred day moving average price is $24.79.

First Hawaiian (NASDAQ:FHB - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The bank reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.09. First Hawaiian had a net margin of 21.45% and a return on equity of 9.29%. The company had revenue of $217.54 million for the quarter, compared to the consensus estimate of $214.67 million. During the same period in the previous year, the firm earned $0.48 EPS. As a group, sell-side analysts predict that First Hawaiian, Inc. will post 1.95 earnings per share for the current 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 dividend of $0.26 per share. The ex-dividend date is Monday, August 18th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.14%. First Hawaiian's dividend payout ratio (DPR) is 53.61%.

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.