First Hawaiian, Inc. $FHB Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. decreased its position in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 51.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 94,313 shares of the bank’s stock after selling 98,475 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in First Hawaiian were worth $2,354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of FHB. Bank of Montreal Can increased its position in First Hawaiian by 1.7% during the second quarter. Bank of Montreal Can now owns 25,258 shares of the bank’s stock worth $630,000 after purchasing an additional 422 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of First Hawaiian by 2.9% in the 1st quarter. Voya Investment Management LLC now owns 15,918 shares of the bank’s stock valued at $389,000 after buying an additional 448 shares during the period. SummerHaven Investment Management LLC increased its holdings in shares of First Hawaiian by 1.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 37,109 shares of the bank’s stock worth $926,000 after buying an additional 616 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of First Hawaiian by 5.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 12,340 shares of the bank’s stock valued at $308,000 after buying an additional 672 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of First Hawaiian by 199.7% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,058 shares of the bank’s stock valued at $26,000 after buying an additional 705 shares during the period. Hedge funds and other institutional investors own 97.63% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Weiss Ratings lowered First Hawaiian from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday, October 25th. Barclays increased their price target on First Hawaiian from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Monday, October 27th. Piper Sandler boosted their price objective on shares of First Hawaiian from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Monday, October 27th. TD Cowen initiated coverage on shares of First Hawaiian in a research report on Thursday, September 25th. They issued a “hold” rating and a $27.00 target price on the stock. Finally, Keefe, Bruyette & Woods increased their target price on shares of First Hawaiian from $28.00 to $29.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 28th. Six equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, First Hawaiian currently has an average rating of “Reduce” and an average price target of $27.50.

First Hawaiian Trading Up 1.6%

FHB stock opened at $24.79 on Monday. The business’s fifty day moving average price is $24.82 and its 200 day moving average price is $24.57. First Hawaiian, Inc. has a 12-month low of $20.32 and a 12-month high of $28.80. The company has a market capitalization of $3.07 billion, a PE ratio of 12.09, a P/E/G ratio of 3.53 and a beta of 0.91.

First Hawaiian (NASDAQ:FHB) last released its earnings results on Monday, August 9th. The bank reported $0.44 earnings per share for the quarter. The company had revenue of $129.16 million during the quarter. First Hawaiian had a return on equity of 9.68% and a net margin of 22.60%. Research analysts predict that First Hawaiian, Inc. will post 1.95 EPS for the current fiscal year.

First Hawaiian Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Monday, November 17th will be issued a $0.26 dividend. The ex-dividend date is Monday, November 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.2%. First Hawaiian’s payout ratio is 50.73%.

About First Hawaiian

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.