Susquehanna International Group LLP Sells 65,472 Shares of First Hawaiian, Inc. $FHB

Susquehanna International Group LLP lessened its position in First Hawaiian, Inc. (NASDAQ:FHB) by 83.2% in the second quarter, HoldingsChannel reports. The firm owned 13,204 shares of the bank’s stock after selling 65,472 shares during the quarter. Susquehanna International Group LLP’s holdings in First Hawaiian were worth $387,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in First Hawaiian by 14.0% in the second quarter. Wellington Management Group LLP now owns 884,450 shares of the bank’s stock worth $25,914,000 after purchasing an additional 108,459 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of First Hawaiian during the 2nd quarter valued at $1,581,000. United Capital Financial Advisors LLC bought a new stake in shares of First Hawaiian during the 2nd quarter valued at $307,000. Public Employees Retirement System of Ohio purchased a new stake in shares of First Hawaiian in the 2nd quarter worth about $1,083,000. Finally, Corient Private Wealth LP purchased a new stake in shares of First Hawaiian in the 2nd quarter worth about $2,701,000. 97.63% of the stock is owned by hedge funds and other institutional investors.

First Hawaiian Stock Performance

NASDAQ FHB opened at $25.61 on Tuesday. First Hawaiian, Inc. has a one year low of $22.65 and a one year high of $30.58. The stock has a 50-day moving average of $28.20 and a 200 day moving average of $26.90. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 1.63 and a beta of 0.73.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings results on Friday, July 24th. The bank reported $0.60 earnings per share (EPS) 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 firm 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 posted $0.58 EPS. On average, equities analysts predict that First Hawaiian, Inc. will post 2.34 earnings per share for the current fiscal year.

First Hawaiian Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 17th were paid a dividend of $0.26 per share. The ex-dividend date was Monday, August 17th. This represents a $1.04 dividend on an annualized basis and a yield of 4.1%. First Hawaiian’s payout ratio is currently 45.22%.

Analyst Ratings Changes

A number of research analysts recently issued reports on FHB shares. Weiss Ratings reissued a “buy (b)” rating on shares of First Hawaiian in a research report on Monday, July 6th. Wall Street Zen raised shares of First Hawaiian from a “sell” rating to a “hold” rating in a research note on Saturday. Benchmark reiterated a “hold” rating on shares of First Hawaiian in a report on Tuesday, July 14th. The Goldman Sachs Group boosted their price target on First Hawaiian from $27.00 to $30.00 and gave the stock a “sell” rating in a research report on Tuesday, July 7th. Finally, Stephens upgraded First Hawaiian from an “equal weight” rating to an “overweight” rating and set a $33.00 price target on the stock in a research note on Thursday, August 6th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, First Hawaiian presently has an average rating of “Reduce” and an average target price of $30.25.

First Hawaiian 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.