Citadel Advisors LLC Trims Stake in First Hawaiian Inc (NASDAQ:FHB)

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Citadel Advisors LLC reduced its position in First Hawaiian Inc (NASDAQ:FHB) by 23.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,549,233 shares of the bank’s stock after selling 772,090 shares during the quarter. Citadel Advisors LLC owned 1.91% of First Hawaiian worth $65,948,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bank of Nova Scotia boosted its holdings in shares of First Hawaiian by 0.7% during the 2nd quarter. Bank of Nova Scotia now owns 72,604 shares of the bank’s stock valued at $1,878,000 after purchasing an additional 504 shares during the last quarter. Metropolitan Life Insurance Co NY boosted its holdings in shares of First Hawaiian by 21.5% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 3,192 shares of the bank’s stock valued at $83,000 after purchasing an additional 564 shares during the last quarter. Advisor Group Inc. boosted its holdings in shares of First Hawaiian by 11.4% during the 2nd quarter. Advisor Group Inc. now owns 5,594 shares of the bank’s stock valued at $144,000 after purchasing an additional 571 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of First Hawaiian by 11.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,297 shares of the bank’s stock valued at $215,000 after purchasing an additional 875 shares during the last quarter. Finally, Cerebellum GP LLC boosted its holdings in shares of First Hawaiian by 7.4% during the 2nd quarter. Cerebellum GP LLC now owns 13,473 shares of the bank’s stock valued at $349,000 after purchasing an additional 923 shares during the last quarter. 95.77% of the stock is currently owned by institutional investors.

A number of brokerages recently commented on FHB. ValuEngine downgraded shares of First Hawaiian from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. TheStreet raised shares of First Hawaiian from a “c” rating to a “b-” rating in a report on Monday, August 5th. JPMorgan Chase & Co. downgraded shares of First Hawaiian from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $26.50 to $26.00 in a report on Monday, July 29th. Zacks Investment Research raised shares of First Hawaiian from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. Finally, BidaskClub raised shares of First Hawaiian from a “hold” rating to a “buy” rating in a research note on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $27.80.

NASDAQ FHB traded up $0.11 during trading on Friday, hitting $27.62. The stock had a trading volume of 1,246,139 shares, compared to its average volume of 652,861. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 12.65, a P/E/G ratio of 4.55 and a beta of 1.14. First Hawaiian Inc has a one year low of $21.19 and a one year high of $28.59. The stock has a 50 day simple moving average of $25.72 and a 200 day simple moving average of $26.12.

First Hawaiian (NASDAQ:FHB) last issued its earnings results on Thursday, July 25th. The bank reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.02. The business had revenue of $194.39 million for the quarter, compared to analyst estimates of $196.31 million. First Hawaiian had a net margin of 31.56% and a return on equity of 11.48%. During the same period last year, the company posted $0.50 earnings per share. On average, sell-side analysts predict that First Hawaiian Inc will post 2.16 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 26th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date was Friday, August 23rd. First Hawaiian’s dividend payout ratio (DPR) is presently 49.76%.

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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