First Trust Advisors LP Lowers Holdings in First Hawaiian Inc (NASDAQ:FHB)
First Trust Advisors LP decreased its position in First Hawaiian Inc (NASDAQ:FHB) by 22.3% during the first quarter, HoldingsChannel.com reports. The fund owned 472,394 shares of the bank’s stock after selling 135,357 shares during the quarter. First Trust Advisors LP’s holdings in First Hawaiian were worth $7,809,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in FHB. Kayne Anderson Rudnick Investment Management LLC bought a new stake in First Hawaiian in the 4th quarter worth approximately $99,795,000. Yacktman Asset Management LP bought a new stake in First Hawaiian in the 1st quarter worth approximately $46,907,000. Norges Bank bought a new stake in First Hawaiian in the 4th quarter worth approximately $45,474,000. Anchor Capital Advisors LLC increased its stake in First Hawaiian by 58.7% in the 4th quarter. Anchor Capital Advisors LLC now owns 2,385,550 shares of the bank’s stock worth $68,823,000 after acquiring an additional 882,612 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its stake in First Hawaiian by 30.3% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,821,302 shares of the bank’s stock worth $46,636,000 after acquiring an additional 655,425 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.
In other First Hawaiian news, CFO Ravi Mallela acquired 3,290 shares of the business’s stock in a transaction on Monday, May 18th. The shares were bought at an average price of $14.87 per share, with a total value of $48,922.30. Corporate insiders own 0.57% of the company’s stock.
Shares of First Hawaiian stock opened at $15.89 on Friday. The stock’s fifty day moving average is $16.03 and its two-hundred day moving average is $24.10. The company has a market capitalization of $2.11 billion, a PE ratio of 8.34 and a beta of 1.36. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. First Hawaiian Inc has a 52 week low of $13.56 and a 52 week high of $31.25.
First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Friday, April 24th. The bank reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.06). The business had revenue of $187.91 million during the quarter, compared to the consensus estimate of $188.14 million. First Hawaiian had a net margin of 29.48% and a return on equity of 9.73%. During the same period last year, the company earned $0.53 EPS. As a group, research analysts anticipate that First Hawaiian Inc will post 1.03 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Tuesday, May 26th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 6.54%. The ex-dividend date of this dividend is Friday, May 22nd. First Hawaiian’s dividend payout ratio (DPR) is presently 47.49%.
First Hawaiian 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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