First Hawaiian, Inc. (NASDAQ:FHB) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its stake in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 42.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 243,900 shares of the bank's stock after selling 179,600 shares during the period. Renaissance Technologies LLC owned 0.19% of First Hawaiian worth $6,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC grew its stake in First Hawaiian by 88.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,530 shares of the bank's stock worth $351,000 after buying an additional 6,366 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of First Hawaiian during the fourth quarter worth about $215,000. Norges Bank acquired a new position in shares of First Hawaiian during the fourth quarter valued at about $36,266,000. Principal Financial Group Inc. raised its position in shares of First Hawaiian by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 619,714 shares of the bank's stock valued at $16,082,000 after purchasing an additional 17,515 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in First Hawaiian by 38.3% during the 4th quarter. SG Americas Securities LLC now owns 20,740 shares of the bank's stock worth $538,000 after purchasing an additional 5,745 shares during the last quarter. Hedge funds and other institutional investors own 97.63% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Piper Sandler raised their price target on shares of First Hawaiian from $28.00 to $30.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. The Goldman Sachs Group raised their target price on First Hawaiian from $26.00 to $29.00 and gave the stock a "sell" rating in a research note on Monday, February 3rd. Barclays lowered their price target on First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. raised their price objective on First Hawaiian from $27.00 to $29.00 and gave the stock an "underweight" rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company dropped 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. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, First Hawaiian currently has a consensus rating of "Hold" and a consensus price target of $28.29.

First Hawaiian Trading Down 2.4 %

FHB traded down $0.55 on Thursday, hitting $22.93. 249,557 shares of the company's stock were exchanged, compared to its average volume of 720,789. First Hawaiian, Inc. has a fifty-two week low of $19.48 and a fifty-two week high of $28.80. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 12.80, a P/E/G ratio of 3.28 and a beta of 0.77. The firm has a 50-day moving average price of $24.38 and a 200-day moving average price of $25.53.

First Hawaiian (NASDAQ:FHB - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. The firm had revenue of $211.00 million for the quarter, compared to analyst estimates of $210.24 million. First Hawaiian had a net margin of 19.74% and a return on equity of 8.91%. On average, equities analysts predict that First Hawaiian, Inc. will post 1.95 EPS for the current year.

First Hawaiian Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a yield of 4.54%. First Hawaiian's payout ratio is 58.10%.

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.