58,372 Shares in First Hawaiian, Inc. $FHB Acquired by Fieldview Capital Management LLC

Fieldview Capital Management LLC bought a new position in shares of First Hawaiian, Inc. (NASDAQ:FHB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 58,372 shares of the bank’s stock, valued at approximately $1,477,000.

A number of other large investors have also recently made changes to their positions in FHB. Royal Bank of Canada increased its stake in shares of First Hawaiian by 8.6% during the first quarter. Royal Bank of Canada now owns 165,337 shares of the bank’s stock worth $4,041,000 after buying an additional 13,071 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in First Hawaiian by 9.3% in the first quarter. Integrated Wealth Concepts LLC now owns 10,060 shares of the bank’s stock valued at $246,000 after purchasing an additional 856 shares in the last quarter. United Services Automobile Association acquired a new position in First Hawaiian in the first quarter valued at approximately $201,000. Empowered Funds LLC boosted its holdings in First Hawaiian by 10.4% in the first quarter. Empowered Funds LLC now owns 16,407 shares of the bank’s stock valued at $401,000 after purchasing an additional 1,542 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in First Hawaiian by 8.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 425,079 shares of the bank’s stock valued at $10,389,000 after purchasing an additional 31,686 shares in the last quarter. 97.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FHB shares. Wall Street Zen downgraded First Hawaiian from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Stephens set a $28.00 price target on First Hawaiian in a report on Monday, April 27th. Wells Fargo & Company upped their price target on First Hawaiian from $24.00 to $26.00 and gave the company an “underweight” rating in a report on Monday, March 30th. Piper Sandler upped their price target on First Hawaiian from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Finally, JPMorgan Chase & Co. lowered their price target on First Hawaiian from $29.00 to $25.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $27.56.

First Hawaiian Stock Performance

FHB stock opened at $28.69 on Monday. The company has a market capitalization of $3.49 billion, a P/E ratio of 12.58, a PEG ratio of 2.11 and a beta of 0.74. First Hawaiian, Inc. has a twelve month low of $22.65 and a twelve month high of $28.69. The business has a 50 day simple moving average of $26.88 and a 200-day simple moving average of $26.14.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings data on Friday, April 24th. The bank reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. The business had revenue of $220.35 million during the quarter, compared to the consensus estimate of $223.59 million. First Hawaiian had a return on equity of 10.39% and a net margin of 24.44%.During the same period in the prior year, the company earned $0.47 earnings per share. Research analysts predict that First Hawaiian, Inc. will post 2.33 EPS for the current fiscal year.

First Hawaiian Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, May 18th. First Hawaiian’s dividend payout ratio is presently 45.61%.

First Hawaiian Company Profile

First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.

First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.