First Hawaiian, Inc. (NASDAQ:FHB) Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. trimmed its position in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 15.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,973 shares of the bank’s stock after selling 15,642 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in First Hawaiian were worth $2,011,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Global Retirement Partners LLC lifted its position in shares of First Hawaiian by 196.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,253 shares of the bank’s stock worth $27,000 after purchasing an additional 831 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of First Hawaiian in the 4th quarter worth approximately $37,000. Quent Capital LLC increased its holdings in shares of First Hawaiian by 86.5% in the 4th quarter. Quent Capital LLC now owns 1,759 shares of the bank’s stock valued at $40,000 after acquiring an additional 816 shares during the last quarter. Signaturefd LLC increased its holdings in shares of First Hawaiian by 26.9% in the 4th quarter. Signaturefd LLC now owns 6,232 shares of the bank’s stock valued at $142,000 after acquiring an additional 1,320 shares during the last quarter. Finally, Janiczek Wealth Management LLC raised its position in shares of First Hawaiian by 22.7% during the 4th quarter. Janiczek Wealth Management LLC now owns 8,628 shares of the bank’s stock valued at $197,000 after acquiring an additional 1,595 shares in the last quarter. 97.63% of the stock is owned by hedge funds and other institutional investors.

First Hawaiian Price Performance

Shares of FHB traded up $0.09 during trading hours on Friday, reaching $21.78. 446,179 shares of the company’s stock traded hands, compared to its average volume of 655,602. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 12.52 and a beta of 1.00. The business’s fifty day simple moving average is $21.32 and its two-hundred day simple moving average is $20.91. First Hawaiian, Inc. has a twelve month low of $15.08 and a twelve month high of $23.22.

First Hawaiian (NASDAQ:FHB) last released its earnings results on Friday, April 26th. The bank reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. The firm had revenue of $205.80 million for the quarter, compared to analysts’ expectations of $202.41 million. First Hawaiian had a net margin of 19.20% and a return on equity of 9.16%. On average, equities research analysts expect that First Hawaiian, Inc. will post 1.71 EPS for the current year.

First Hawaiian Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 20th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.04 annualized dividend and a yield of 4.78%. First Hawaiian’s payout ratio is 59.77%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wells Fargo & Company lifted their price objective on shares of First Hawaiian from $18.00 to $20.00 and gave the stock an “underweight” rating in a report on Monday, January 29th. StockNews.com raised shares of First Hawaiian to a “sell” rating in a report on Friday, January 19th. Finally, Barclays initiated coverage on shares of First Hawaiian in a report on Friday, March 8th. They issued an “equal weight” rating and a $25.00 target price on the stock. Three investment analysts have rated the stock with a sell rating and one has issued a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $21.75.

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.