Vestmark Advisory Solutions Inc. Trims Stock Holdings in First Hawaiian, Inc. (NASDAQ:FHB)

Vestmark Advisory Solutions Inc. lessened its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 15.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,973 shares of the bank’s stock after selling 15,642 shares during the quarter. Vestmark Advisory Solutions Inc. owned 0.07% of First Hawaiian worth $2,011,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its stake in First Hawaiian by 17.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 10,351,384 shares of the bank’s stock worth $186,842,000 after acquiring an additional 1,561,662 shares in the last quarter. Reinhart Partners LLC. lifted its position in shares of First Hawaiian by 10.2% during the fourth quarter. Reinhart Partners LLC. now owns 2,251,009 shares of the bank’s stock worth $51,458,000 after purchasing an additional 207,652 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of First Hawaiian by 12.4% in the third quarter. Bank of New York Mellon Corp now owns 1,879,410 shares of the bank’s stock valued at $33,923,000 after purchasing an additional 207,383 shares during the period. Richard Bernstein Advisors LLC acquired a new position in shares of First Hawaiian in the third quarter valued at approximately $3,437,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of First Hawaiian by 8.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,425,166 shares of the bank’s stock valued at $25,724,000 after purchasing an additional 110,347 shares in the last quarter. 97.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

First Hawaiian Stock Up 0.4 %

First Hawaiian stock traded up $0.09 during mid-day trading on Friday, hitting $21.78. The company had a trading volume of 446,179 shares, compared to its average volume of 655,602. First Hawaiian, Inc. has a 1 year low of $15.08 and a 1 year high of $23.22. The business has a fifty day moving average of $21.32 and a 200 day moving average of $20.91. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 12.52 and a beta of 1.00.

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

First Hawaiian Announces Dividend

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

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.