KBC Group NV Has $91,000 Stake in First Hawaiian, Inc. $FHB

KBC Group NV trimmed its position in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 41.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,629 shares of the bank’s stock after selling 2,525 shares during the period. KBC Group NV’s holdings in First Hawaiian were worth $91,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FHB. Campbell & CO Investment Adviser LLC lifted its position in shares of First Hawaiian by 10.7% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 31,441 shares of the bank’s stock worth $785,000 after purchasing an additional 3,038 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in First Hawaiian in the 2nd quarter worth approximately $816,000. Parkside Financial Bank & Trust increased its position in First Hawaiian by 2,171.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 6,519 shares of the bank’s stock worth $163,000 after buying an additional 6,232 shares during the period. Savant Capital LLC lifted its holdings in shares of First Hawaiian by 12.2% during the second quarter. Savant Capital LLC now owns 26,320 shares of the bank’s stock worth $657,000 after buying an additional 2,866 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of First Hawaiian by 1.7% in the second quarter. Bank of Montreal Can now owns 25,258 shares of the bank’s stock valued at $630,000 after acquiring an additional 422 shares during the period. 97.63% of the stock is currently owned by institutional investors.

First Hawaiian Price Performance

First Hawaiian stock opened at $24.60 on Friday. The business has a 50 day simple moving average of $24.53 and a 200 day simple moving average of $24.65. The company has a market capitalization of $3.04 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 1.57 and a beta of 0.91. First Hawaiian, Inc. has a one year low of $20.32 and a one year high of $28.80.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings data on Monday, August 9th. The bank reported $0.44 earnings per share (EPS) for the quarter. The firm had revenue of $129.16 million during the quarter. First Hawaiian had a return on equity of 9.68% and a net margin of 22.60%. Equities analysts anticipate that First Hawaiian, Inc. will post 1.95 earnings per share for the current fiscal year.

First Hawaiian Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Monday, November 17th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Monday, November 17th. First Hawaiian’s dividend payout ratio (DPR) is currently 50.73%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of First Hawaiian from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Keefe, Bruyette & Woods increased their price target on shares of First Hawaiian from $28.00 to $29.00 and gave the company a “market perform” rating in a report on Tuesday, October 28th. Zacks Research upgraded shares of First Hawaiian from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 12th. TD Cowen began coverage on shares of First Hawaiian in a research report on Thursday, September 25th. They set a “hold” rating and a $27.00 price objective for the company. Finally, Cowen reiterated a “hold” rating on shares of First Hawaiian in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $27.75.

First Hawaiian Profile

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.