Northern Trust Corp grew its holdings in First Hawaiian Inc (NASDAQ:FHB) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 467,091 shares of the bank’s stock after acquiring an additional 2,951 shares during the period. Northern Trust Corp owned about 0.35% of First Hawaiian worth $10,515,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in FHB. GAM Holding AG increased its holdings in shares of First Hawaiian by 3.2% in the fourth quarter. GAM Holding AG now owns 13,112 shares of the bank’s stock worth $291,000 after purchasing an additional 412 shares during the last quarter. ClariVest Asset Management LLC increased its holdings in shares of First Hawaiian by 0.9% in the fourth quarter. ClariVest Asset Management LLC now owns 92,300 shares of the bank’s stock worth $2,078,000 after purchasing an additional 800 shares during the last quarter. Enlightenment Research LLC bought a new stake in shares of First Hawaiian in the fourth quarter worth about $27,000. Strs Ohio increased its holdings in shares of First Hawaiian by 11.5% in the fourth quarter. Strs Ohio now owns 12,630 shares of the bank’s stock worth $284,000 after purchasing an additional 1,305 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of First Hawaiian by 31.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,507 shares of the bank’s stock worth $191,000 after purchasing an additional 2,047 shares during the last quarter. Institutional investors and hedge funds own 82.13% of the company’s stock.
Shares of NASDAQ:FHB traded up $0.50 during trading hours on Friday, hitting $28.09. 533,353 shares of the company’s stock traded hands, compared to its average volume of 1,298,924. First Hawaiian Inc has a 1 year low of $21.19 and a 1 year high of $31.28. The firm has a market capitalization of $3.79 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 3.76 and a beta of 1.17. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.82 and a quick ratio of 0.82.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Tuesday, May 28th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Friday, May 24th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.70%. First Hawaiian’s payout ratio is 49.76%.
Several equities research analysts have weighed in on FHB shares. BidaskClub raised First Hawaiian from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. ValuEngine raised First Hawaiian from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Compass Point set a $28.00 price objective on First Hawaiian and gave the stock a “buy” rating in a research note on Friday, January 25th. Finally, Zacks Investment Research raised First Hawaiian from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Friday, April 5th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $29.60.
In other news, CEO Robert S. Harrison purchased 5,000 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was purchased at an average price of $25.88 per share, for a total transaction of $129,400.00. Following the completion of the acquisition, the chief executive officer now owns 80,261 shares of the company’s stock, valued at $2,077,154.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is currently owned by insiders.
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About First Hawaiian
First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking 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 accepts various deposit products, including checking and savings accounts, and time deposit accounts.
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