Insider Selling: First Hawaiian (NASDAQ:FHB) Director Sells $13,470.00 in Stock

First Hawaiian, Inc. (NASDAQ:FHB) Director Craig Scott Wo sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $26.94, for a total transaction of $13,470.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Craig Scott Wo also recently made the following trade(s):

• On Friday, February 6th, Craig Scott Wo sold 1,500 shares of First Hawaiian stock. The shares were sold at an average price of $27.21, for a total transaction of $40,815.00.

First Hawaiian Stock Performance

First Hawaiian stock opened at $26.09 on Friday. First Hawaiian, Inc. has a fifty-two week low of $20.32 and a fifty-two week high of $28.35. The stock has a market cap of $3.23 billion, a P/E ratio of 11.86, a PEG ratio of 2.12 and a beta of 0.73. The firm’s fifty day moving average price is $26.45 and its 200-day moving average price is $25.35.

First Hawaiian (NASDAQ:FHB) last posted its earnings results on Friday, January 30th. The bank reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The business had revenue of $199.68 million during the quarter, compared to analysts’ expectations of $225.33 million. First Hawaiian had a return on equity of 10.19% and a net margin of 23.65%.During the same period in the previous year, the business earned $0.41 earnings per share. Sell-side analysts predict that First Hawaiian, Inc. will post 1.95 earnings per share for the current year.

First Hawaiian Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, February 13th. First Hawaiian’s dividend payout ratio is 47.27%.

Hedge Funds Weigh In On First Hawaiian

Several hedge funds and other institutional investors have recently modified their holdings of FHB. Royal Bank of Canada grew its stake in shares of First Hawaiian by 8.6% in the first quarter. Royal Bank of Canada now owns 165,337 shares of the bank’s stock worth $4,041,000 after purchasing an additional 13,071 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in First Hawaiian by 9.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 10,060 shares of the bank’s stock valued at $246,000 after purchasing an additional 856 shares during the last quarter. United Services Automobile Association purchased a new stake in First Hawaiian in the 1st quarter worth approximately $201,000. Empowered Funds LLC grew its position in shares of First Hawaiian by 10.4% in the 1st quarter. Empowered Funds LLC now owns 16,407 shares of the bank’s stock worth $401,000 after buying an additional 1,542 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of First Hawaiian by 8.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 425,079 shares of the bank’s stock valued at $10,389,000 after buying an additional 31,686 shares during the period. 97.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on FHB shares. JPMorgan Chase & Co. boosted their price target on shares of First Hawaiian from $28.00 to $29.00 and gave the stock an “underweight” rating in a research note on Monday, February 2nd. Zacks Research lowered shares of First Hawaiian from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 25th. TD Cowen reissued a “hold” rating on shares of First Hawaiian in a research note on Monday, February 2nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of First Hawaiian in a report on Monday, December 29th. Finally, The Goldman Sachs Group set a $27.50 target price on shares of First Hawaiian and gave the company a “sell” rating in a report on Tuesday, January 6th. Six research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $27.50.

First Hawaiian Company Profile

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.