HM Payson & Co. Sells 4,813 Shares of First Hawaiian, Inc. (NASDAQ:FHB)


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HM Payson & Co. decreased its holdings in First Hawaiian, Inc. (NASDAQ:FHB) by 16.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 24,300 shares of the bank’s stock after selling 4,813 shares during the quarter. HM Payson & Co.’s holdings in First Hawaiian were worth $573,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FHB. Metropolitan Life Insurance Co NY boosted its stake in shares of First Hawaiian by 21.5% in the first quarter. Metropolitan Life Insurance Co NY now owns 3,192 shares of the bank’s stock worth $83,000 after acquiring an additional 564 shares during the period. Great West Life Assurance Co. Can lifted its position in shares of First Hawaiian by 307.3% in the third quarter. Great West Life Assurance Co. Can now owns 40,211 shares of the bank’s stock worth $1,361,000 after buying an additional 30,338 shares in the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of First Hawaiian by 0.6% in the third quarter. UBS Asset Management Americas Inc. now owns 201,078 shares of the bank’s stock worth $2,910,000 after buying an additional 1,281 shares in the last quarter. Morgan Stanley lifted its position in shares of First Hawaiian by 333.0% in the third quarter. Morgan Stanley now owns 808,413 shares of the bank’s stock worth $11,698,000 after buying an additional 621,730 shares in the last quarter. Finally, Engineers Gate Manager LP lifted its position in shares of First Hawaiian by 74.7% in the third quarter. Engineers Gate Manager LP now owns 67,506 shares of the bank’s stock worth $977,000 after buying an additional 28,857 shares in the last quarter. 99.10% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research upgraded First Hawaiian from a “sell” rating to a “hold” rating and set a $31.00 target price on the stock in a research report on Monday. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $19.79.

Shares of FHB stock opened at $27.34 on Thursday. First Hawaiian, Inc. has a 1 year low of $13.56 and a 1 year high of $30.80. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.75 and a quick ratio of 0.75. The stock’s 50 day simple moving average is $28.43 and its two-hundred day simple moving average is $22.98. The company has a market cap of $3.58 billion, a PE ratio of 18.60 and a beta of 1.34.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings data on Thursday, January 21st. The bank reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The business had revenue of $188.83 million for the quarter, compared to the consensus estimate of $181.24 million. First Hawaiian had a return on equity of 7.27% and a net margin of 24.17%. Equities research analysts expect that First Hawaiian, Inc. will post 1.37 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 5th. Stockholders of record on Monday, February 22nd were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, February 19th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.80%. First Hawaiian’s dividend payout ratio is 47.49%.

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.

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

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