Northwest Bancshares Inc. lowered its holdings in First Hawaiian, Inc. (NASDAQ:FHB) by 13.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 10,600 shares of the bank’s stock after selling 1,715 shares during the quarter. Northwest Bancshares Inc.’s holdings in First Hawaiian were worth $311,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Berman Capital Advisors LLC raised its holdings in shares of First Hawaiian by 141.0% in the 3rd quarter. Berman Capital Advisors LLC now owns 894 shares of the bank’s stock valued at $25,000 after purchasing an additional 523 shares in the last quarter. SkyView Investment Advisors LLC raised its stake in shares of First Hawaiian by 282.9% during the 1st quarter. SkyView Investment Advisors LLC now owns 1,076 shares of the bank’s stock worth $29,000 after acquiring an additional 795 shares in the last quarter. Allworth Financial LP raised its stake in shares of First Hawaiian by 50.0% during the 2nd quarter. Allworth Financial LP now owns 1,200 shares of the bank’s stock worth $34,000 after acquiring an additional 400 shares in the last quarter. Eaton Vance Management bought a new position in shares of First Hawaiian during the 1st quarter worth approximately $37,000. Finally, Van ECK Associates Corp bought a new position in shares of First Hawaiian during the 2nd quarter worth approximately $48,000. Institutional investors and hedge funds own 98.31% of the company’s stock.
Separately, Bank of America lowered shares of First Hawaiian from a “neutral” rating to an “underperform” rating and set a $33.00 price objective for the company. in a research note on Friday, October 8th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.25.
First Hawaiian (NASDAQ:FHB) last released its earnings results on Thursday, October 21st. The bank reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. First Hawaiian had a net margin of 36.22% and a return on equity of 10.17%. During the same quarter in the prior year, the firm posted $0.50 EPS. As a group, analysts expect that First Hawaiian, Inc. will post 2.1 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 3rd. Shareholders of record on Monday, November 22nd will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 3.69%. The ex-dividend date is Friday, November 19th. First Hawaiian’s dividend payout ratio is presently 50.00%.
In other First Hawaiian news, CFO Ravi Mallela sold 2,193 shares of the business’s stock in a transaction that occurred on Friday, November 5th. The shares were sold at an average price of $28.73, for a total transaction of $63,004.89. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.64% of the stock is currently owned by insiders.
First Hawaiian Company Profile
First Hawaiian, Inc is a bank holding company, which engages in the provision of banking services to consumer and commercial customers, including deposit products, lending services, and wealth management and trust services through its subsidiary First Hawaiian Bank. It operates through the following business segments: Retail Banking, Commercial Banking, and Treasury and Other.
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