First Hawaiian Inc (FHB) Shares Sold by Dupont Capital Management Corp

Dupont Capital Management Corp cut its stake in First Hawaiian Inc (NASDAQ:FHB) by 2.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,671 shares of the bank’s stock after selling 1,629 shares during the period. Dupont Capital Management Corp’s holdings in First Hawaiian were worth $1,424,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Enlightenment Research LLC purchased a new position in shares of First Hawaiian during the fourth quarter valued at approximately $27,000. Toronto Dominion Bank lifted its holdings in shares of First Hawaiian by 10,646.7% during the fourth quarter. Toronto Dominion Bank now owns 3,224 shares of the bank’s stock valued at $73,000 after purchasing an additional 3,194 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of First Hawaiian during the first quarter valued at approximately $74,000. Advisors Asset Management Inc. lifted its holdings in shares of First Hawaiian by 87.9% during the third quarter. Advisors Asset Management Inc. now owns 4,395 shares of the bank’s stock valued at $119,000 after purchasing an additional 2,056 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of First Hawaiian by 31.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,507 shares of the bank’s stock valued at $191,000 after purchasing an additional 2,047 shares during the last quarter. Institutional investors and hedge funds own 82.48% of the company’s stock.

Shares of NASDAQ FHB opened at $28.06 on Tuesday. First Hawaiian Inc has a twelve month low of $21.19 and a twelve month high of $31.28. The company has a market capitalization of $3.79 billion, a P/E ratio of 13.19, a PEG ratio of 3.82 and a beta of 1.17. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.23.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Thursday, April 25th. The bank reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. First Hawaiian had a net margin of 31.67% and a return on equity of 11.60%. The company had revenue of $145.10 million during the quarter, compared to analyst estimates of $146.96 million. During the same period in the previous year, the business earned $0.49 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. Sell-side analysts expect that First Hawaiian Inc will post 2.18 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Tuesday, May 28th will be issued a $0.26 dividend. The ex-dividend date is Friday, May 24th. This represents a $1.04 dividend on an annualized basis and a yield of 3.71%. First Hawaiian’s payout ratio is currently 49.76%.

In other news, CEO Robert S. Harrison acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was bought at an average cost of $25.88 per share, for a total transaction of $129,400.00. Following the acquisition, the chief executive officer now directly owns 80,261 shares in the company, valued at $2,077,154.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.22% of the stock is owned by insiders.

FHB has been the subject of several recent research reports. BidaskClub lowered shares of First Hawaiian from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. Compass Point set a $28.00 price objective on shares of First Hawaiian and gave the stock a “buy” rating in a report on Friday, January 25th. Zacks Investment Research upgraded shares of First Hawaiian from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Friday, April 5th. Finally, ValuEngine upgraded shares of First Hawaiian from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. First Hawaiian presently has an average rating of “Hold” and a consensus price target of $29.60.

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About First Hawaiian

First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking 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 accepts various deposit products, including checking and savings accounts, and time deposit accounts.

See Also: Fiduciary

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Institutional Ownership by Quarter for First Hawaiian (NASDAQ:FHB)

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