Sapience Investments LLC Cuts Stake in First Hawaiian, Inc. (NASDAQ:FHB)

Sapience Investments LLC lowered its stake in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 14.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 85,938 shares of the bank's stock after selling 14,140 shares during the period. Sapience Investments LLC owned approximately 0.07% of First Hawaiian worth $2,230,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Quantinno Capital Management LP boosted its holdings in First Hawaiian by 43.1% during the fourth quarter. Quantinno Capital Management LP now owns 97,942 shares of the bank's stock valued at $2,542,000 after purchasing an additional 29,519 shares in the last quarter. Ethic Inc. raised its position in shares of First Hawaiian by 70.8% during the fourth quarter. Ethic Inc. now owns 30,381 shares of the bank's stock worth $788,000 after acquiring an additional 12,594 shares during the last quarter. Balyasny Asset Management L.P. lifted its position in First Hawaiian by 427.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 617,717 shares of the bank's stock valued at $16,030,000 after purchasing an additional 500,535 shares during the period. Northern Trust Corp grew its holdings in First Hawaiian by 10.7% during the 4th quarter. Northern Trust Corp now owns 2,188,005 shares of the bank's stock worth $56,779,000 after acquiring an additional 211,399 shares during the period. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of First Hawaiian during the 4th quarter worth about $239,000. Institutional investors and hedge funds own 97.63% of the company's stock.

First Hawaiian Stock Down 3.3%

FHB stock traded down $0.79 during mid-day trading on Wednesday, reaching $23.50. 551,825 shares of the company traded hands, compared to its average volume of 733,665. First Hawaiian, Inc. has a fifty-two week low of $19.48 and a fifty-two week high of $28.80. The firm's 50 day moving average price is $23.40 and its 200 day moving average price is $25.49. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 13.13, a P/E/G ratio of 3.28 and a beta of 0.82.

First Hawaiian (NASDAQ:FHB - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The bank reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. The company had revenue of $211.00 million for the quarter, compared to analyst estimates of $210.24 million. During the same period in the previous year, the company posted $0.42 EPS. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts anticipate that First Hawaiian, Inc. will post 1.95 EPS for the current fiscal year.

First Hawaiian Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.43%. The ex-dividend date is Monday, May 19th. First Hawaiian's payout ratio is 56.52%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FHB. Barclays reduced their price target on shares of First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group increased their price objective on shares of First Hawaiian from $26.00 to $29.00 and gave the stock a "sell" rating in a research note on Monday, February 3rd. Wells Fargo & Company lowered their target price on shares of First Hawaiian from $24.00 to $22.00 and set an "underweight" rating on the stock in a report on Wednesday, April 9th. Keefe, Bruyette & Woods dropped their price objective on 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. Finally, JPMorgan Chase & Co. decreased 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. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $27.29.

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.