Craig Scott Wo Sells 1,500 Shares of First Hawaiian (NASDAQ:FHB) Stock

First Hawaiian, Inc. (NASDAQ:FHB) Director Craig Scott Wo sold 1,500 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $27.21, for a total transaction of $40,815.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Tuesday, February 10th, Craig Scott Wo sold 500 shares of First Hawaiian stock. The stock was sold at an average price of $26.94, for a total value of $13,470.00.

First Hawaiian Stock Performance

Shares of FHB stock opened at $26.78 on Thursday. 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 50 day simple moving average of $26.43 and a two-hundred day simple moving average of $25.34. The company has a market cap of $3.31 billion, a P/E ratio of 12.17, a PEG ratio of 2.14 and a beta of 0.73.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Friday, January 30th. The bank reported $0.56 EPS for the quarter, topping the consensus estimate of $0.55 by $0.01. The company had revenue of $199.68 million during the quarter, compared to the consensus estimate of $225.33 million. First Hawaiian had a net margin of 23.65% and a return on equity of 10.19%. During the same quarter last year, the firm posted $0.41 EPS. On average, research analysts predict that First Hawaiian, Inc. will post 1.95 earnings per share for the current year.

First Hawaiian Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, February 13th. First Hawaiian’s payout ratio is 47.27%.

Institutional Investors Weigh In On First Hawaiian

Hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its position in First Hawaiian by 74.9% during the third quarter. Farther Finance Advisors LLC now owns 1,023 shares of the bank’s stock valued at $25,000 after buying an additional 438 shares during the period. Eurizon Capital SGR S.p.A. purchased a new position in First Hawaiian in the fourth quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. grew its position 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 acquiring an additional 1,050 shares during the period. Hantz Financial Services Inc. increased its stake in shares of First Hawaiian by 11,325.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,371 shares of the bank’s stock worth $34,000 after purchasing an additional 1,359 shares during the last quarter. Finally, Global Retirement Partners LLC raised its holdings in shares of First Hawaiian by 45.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,702 shares of the bank’s stock worth $43,000 after purchasing an additional 534 shares during the period. 97.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. The Goldman Sachs Group set a $27.50 target price on First Hawaiian and gave the company a “sell” rating in a research report on Tuesday, January 6th. TD Cowen reissued a “hold” rating on shares of First Hawaiian in a research note on Monday, February 2nd. Zacks Research lowered First Hawaiian from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 25th. Piper Sandler cut their target price on First Hawaiian from $28.00 to $27.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. Finally, Barclays upgraded shares of First Hawaiian from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $26.00 to $28.00 in a research note on Tuesday, November 11th. Six investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $27.50.

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.