First Hawaiian, Inc. (NASDAQ:FHB) Stock Position Lifted by Lee Financial Group Hawaii Inc.

Lee Financial Group Hawaii Inc. grew its position in shares of First Hawaiian, Inc. (NASDAQ:FHBFree Report) by 10.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,189 shares of the bank’s stock after buying an additional 3,631 shares during the period. First Hawaiian comprises 0.7% of Lee Financial Group Hawaii Inc.’s portfolio, making the stock its 15th largest position. Lee Financial Group Hawaii Inc.’s holdings in First Hawaiian were worth $873,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FHB. Global Retirement Partners LLC boosted its position in First Hawaiian by 196.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,253 shares of the bank’s stock worth $27,000 after acquiring an additional 831 shares during the period. Quarry LP raised its stake in shares of First Hawaiian by 530.2% in the 1st quarter. Quarry LP now owns 1,588 shares of the bank’s stock worth $33,000 after buying an additional 1,336 shares in the last quarter. First Capital Advisors Group LLC. bought a new stake in shares of First Hawaiian in the 2nd quarter worth $33,000. Quent Capital LLC raised its stake in shares of First Hawaiian by 86.5% in the 4th quarter. Quent Capital LLC now owns 1,759 shares of the bank’s stock worth $40,000 after buying an additional 816 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of First Hawaiian in the 2nd quarter worth $50,000. Institutional investors own 97.63% of the company’s stock.

First Hawaiian Stock Performance

FHB opened at $21.25 on Thursday. The company has a market cap of $2.71 billion, a PE ratio of 11.55 and a beta of 1.01. The stock has a 50-day moving average of $21.36 and a 200-day moving average of $20.40. First Hawaiian, Inc. has a 52-week low of $15.08 and a 52-week high of $23.22.

First Hawaiian (NASDAQ:FHBGet Free Report) last released its quarterly earnings results on Friday, January 26th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.08). First Hawaiian had a return on equity of 9.87% and a net margin of 20.90%. The company had revenue of $210.14 million for the quarter, compared to the consensus estimate of $201.09 million. During the same quarter last year, the company posted $0.62 EPS. On average, research analysts predict that First Hawaiian, Inc. will post 1.68 earnings per share for the current year.

First Hawaiian Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 16th were issued a $0.26 dividend. The ex-dividend date was Thursday, February 15th. This represents a $1.04 annualized dividend and a yield of 4.89%. First Hawaiian’s dividend payout ratio (DPR) is 56.52%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FHB shares. Wells Fargo & Company boosted their target price on First Hawaiian from $18.00 to $20.00 and gave the stock an “underweight” rating in a research report on Monday, January 29th. StockNews.com raised First Hawaiian to a “sell” rating in a research report on Friday, January 19th. Barclays started coverage on First Hawaiian in a research report on Friday, March 8th. They set an “equal weight” rating and a $25.00 price target on the stock. Finally, TheStreet raised First Hawaiian from a “c+” rating to a “b-” rating in a research report on Tuesday, December 19th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $22.33.

Read Our Latest Analysis on FHB

First Hawaiian Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for First Hawaiian (NASDAQ:FHB)

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