First Hawaiian, Inc. (NASDAQ:FHB) Shares Sold by Sapience Investments LLC

Sapience Investments LLC lowered its stake in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 14.1% during 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 quarter. Sapience Investments LLC owned about 0.07% of First Hawaiian worth $2,230,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of FHB. CKW Financial Group grew its stake in shares of First Hawaiian by 1.2% in the fourth quarter. CKW Financial Group now owns 32,600 shares of the bank's stock worth $846,000 after acquiring an additional 400 shares in the last quarter. M&T Bank Corp grew 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 purchasing an additional 409 shares in the last quarter. Covestor Ltd increased its holdings 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 purchasing an additional 539 shares during the period. Evergreen Capital Management LLC increased its holdings 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 purchasing an additional 649 shares during the period. Finally, Global Retirement Partners LLC raised its position in First Hawaiian by 32.4% in the 4th quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank's stock valued at $74,000 after purchasing an additional 693 shares in the last quarter. Hedge funds and other institutional investors own 97.63% of the company's stock.

First Hawaiian Price Performance

Shares of NASDAQ:FHB traded up $0.12 during trading on Thursday, hitting $23.62. 157,387 shares of the company were exchanged, compared to its average volume of 844,357. The firm's 50 day moving average price is $23.37 and its 200-day moving average price is $25.47. First Hawaiian, Inc. has a 12-month low of $19.48 and a 12-month high of $28.80. The stock has a market capitalization of $2.97 billion, a P/E ratio of 13.19, a PEG ratio of 3.28 and a beta of 0.82.

First Hawaiian (NASDAQ:FHB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The bank reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. First Hawaiian had a net margin of 19.74% and a return on equity of 8.91%. The firm had revenue of $211.00 million for the quarter, compared to analyst estimates of $210.24 million. During the same period last year, the business earned $0.42 EPS. First Hawaiian's revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, equities research analysts anticipate that First Hawaiian, Inc. will post 1.95 EPS for the current year.

First Hawaiian Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.40%. The ex-dividend date of this dividend is Monday, May 19th. First Hawaiian's payout ratio is currently 56.52%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Barclays lowered their price objective 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. lowered their price target on shares of First Hawaiian from $26.00 to $25.00 and set an "underweight" rating for the company in a report on Thursday, April 24th. Keefe, Bruyette & Woods reduced their price objective on shares of First Hawaiian from $30.00 to $28.00 and set a "market perform" rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group lifted their price objective on shares of First Hawaiian from $26.00 to $29.00 and gave the stock a "sell" rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company lowered their target price on shares of First Hawaiian from $24.00 to $22.00 and set an "underweight" rating for the company in a research note on Wednesday, April 9th. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus 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.