Zurcher Kantonalbank Zurich Cantonalbank decreased its stake in First Hawaiian Inc (NASDAQ:FHB) by 12.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 7,422 shares of the bank’s stock after selling 1,085 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in First Hawaiian were worth $193,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in FHB. Enlightenment Research LLC acquired a new stake in shares of First Hawaiian in the fourth quarter valued at about $27,000. Toronto Dominion Bank boosted its position in First Hawaiian by 10,646.7% during the fourth quarter. Toronto Dominion Bank now owns 3,224 shares of the bank’s stock worth $73,000 after acquiring an additional 3,194 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in First Hawaiian during the first quarter worth about $74,000. Ramsey Quantitative Systems acquired a new position in First Hawaiian during the fourth quarter worth about $239,000. Finally, Naples Global Advisors LLC acquired a new position in First Hawaiian during the fourth quarter worth about $267,000. Institutional investors and hedge funds own 82.87% of the company’s stock.
FHB opened at $26.86 on Friday. The stock has a market cap of $3.63 billion, a P/E ratio of 12.61, a price-to-earnings-growth ratio of 3.65 and a beta of 1.17. First Hawaiian Inc has a twelve month low of $21.19 and a twelve month high of $31.28. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.23.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Tuesday, May 28th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date is Friday, May 24th. First Hawaiian’s dividend payout ratio (DPR) is presently 49.76%.
In other news, CEO Robert S. Harrison bought 5,000 shares of First Hawaiian stock in a transaction on Friday, March 8th. The shares were bought at an average cost of $25.88 per share, with a total value of $129,400.00. Following the completion of the purchase, the chief executive officer now directly owns 80,261 shares of the company’s stock, valued at $2,077,154.68. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.22% of the stock is owned by insiders.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of First Hawaiian from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Friday, April 5th. ValuEngine upgraded shares of First Hawaiian from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Finally, BidaskClub upgraded shares of First Hawaiian from a “hold” rating to a “buy” rating in a research report on Tuesday, April 30th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $29.60.
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First Hawaiian Company Profile
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.
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