First Hawaiian, Inc. $FHB Stock Holdings Increased by Quantinno Capital Management LP

Quantinno Capital Management LP increased its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 60.3% in the 1st quarter, HoldingsChannel.com reports. The firm owned 1,798,815 shares of the bank’s stock after buying an additional 676,433 shares during the quarter. Quantinno Capital Management LP’s holdings in First Hawaiian were worth $44,323,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FHB. Eurizon Capital SGR S.p.A. acquired a new position in First Hawaiian in the 4th quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of First Hawaiian by 2,916.7% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,086 shares of the bank’s stock valued at $27,000 after buying an additional 1,050 shares during the period. Global Retirement Partners LLC boosted its stake in shares of First Hawaiian by 45.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,702 shares of the bank’s stock valued at $43,000 after buying an additional 534 shares during the period. Eagle Bay Advisors LLC purchased a new position in shares of First Hawaiian during the 4th quarter valued at $46,000. Finally, Danske Bank A S purchased a new position in shares of First Hawaiian during the 3rd quarter valued at $47,000. 97.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FHB has been the topic of a number of research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Hawaiian in a research note on Monday, July 6th. Benchmark reissued a “hold” rating on shares of First Hawaiian in a research report on Tuesday, July 14th. TD Cowen lowered their target price on First Hawaiian from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Wednesday. Wall Street Zen raised First Hawaiian from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Wells Fargo & Company raised their price target on First Hawaiian from $26.00 to $28.00 and gave the stock an “underweight” rating in a research note on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.12.

First Hawaiian Stock Down 0.3%

FHB stock opened at $28.00 on Thursday. The firm has a 50 day moving average of $28.44 and a two-hundred day moving average of $26.88. First Hawaiian, Inc. has a 12 month low of $22.65 and a 12 month high of $30.58. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 12.17, a P/E/G ratio of 1.54 and a beta of 0.72.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings results on Friday, July 24th. The bank reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. First Hawaiian had a net margin of 24.41% and a return on equity of 10.27%. The business had revenue of $231.27 million for the quarter, compared to the consensus estimate of $227.77 million. During the same quarter last year, the firm earned $0.58 EPS. On average, research analysts expect that First Hawaiian, Inc. will post 2.37 EPS for the current fiscal year.

First Hawaiian Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 17th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, August 17th. First Hawaiian’s dividend payout ratio (DPR) is 45.22%.

About First Hawaiian

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.