Key Points
- Director Craig Scott Wo sold a total of 2,000 First Hawaiian shares (1,500 on Feb 6 at $27.21 and 500 on Feb 10 at $26.94) worth about $54,285, according to an SEC filing.
- First Hawaiian announced a quarterly dividend of $0.26 per share (annualized $1.04) with an ex-dividend date of Feb 13 and a yield of roughly 3.8%.
- The bank reported quarterly EPS of $0.56 (beating by $0.01) but revenue missed expectations, and analysts have a consensus rating of "Reduce" with a $27.50 target.
First Hawaiian, Inc. (NASDAQ:FHB - Get Free Report) Director Craig Scott Wo sold 500 shares of the company's stock in a transaction dated Tuesday, February 10th. The shares were 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 Securities & Exchange Commission, which is available through this link.
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 stock was sold at an average price of $27.21, for a total transaction of $40,815.00.
First Hawaiian Trading Down 0.6%
NASDAQ FHB opened at $27.05 on Wednesday. First Hawaiian, Inc. has a 1-year low of $20.32 and a 1-year high of $28.35. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 2.15 and a beta of 0.73. The stock's 50 day moving average is $26.40 and its two-hundred day moving average is $25.33.
First Hawaiian (NASDAQ:FHB - Get Free Report) last issued its earnings results on Friday, January 30th. The bank reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 prior year, the firm posted $0.41 EPS. On average, 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. Shareholders of record on Friday, February 13th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.8%. First Hawaiian's dividend payout ratio (DPR) is presently 47.27%.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on FHB. Keefe, Bruyette & Woods upped their target price on shares of First Hawaiian from $28.00 to $29.00 and gave the stock a "market perform" rating in a report on Tuesday, October 28th. TD Cowen restated a "hold" rating on shares of First Hawaiian in a research report on Monday, February 2nd. Barclays raised shares of First Hawaiian from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $26.00 to $28.00 in a research note on Tuesday, November 11th. JPMorgan Chase & Co. raised their price objective on shares of First Hawaiian from $28.00 to $29.00 and gave the stock an "underweight" rating in a report on Monday, February 2nd. Finally, Piper Sandler reduced 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. Six research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $27.50.
View Our Latest Stock Analysis on First Hawaiian
Institutional Investors Weigh In On First Hawaiian
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. raised its stake in shares of First Hawaiian by 131.9% in the third quarter. American Century Companies Inc. now owns 2,891,661 shares of the bank's stock worth $71,800,000 after acquiring an additional 1,644,752 shares during the last quarter. Norges Bank bought a new position in First Hawaiian in the 4th quarter worth approximately $40,281,000. AQR Capital Management LLC lifted its holdings in First Hawaiian by 230.8% during the 3rd quarter. AQR Capital Management LLC now owns 2,206,361 shares of the bank's stock worth $54,784,000 after buying an additional 1,539,415 shares in the last quarter. UBS Group AG boosted its position in First Hawaiian by 176.0% in the 4th quarter. UBS Group AG now owns 1,128,002 shares of the bank's stock valued at $28,538,000 after buying an additional 719,312 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in First Hawaiian by 96.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,096,002 shares of the bank's stock valued at $27,729,000 after buying an additional 537,841 shares during the last quarter. Institutional investors and hedge funds own 97.63% of the company's stock.
About First Hawaiian
(
Get Free Report)
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.
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