WINTON GROUP Ltd Has $1.48 Million Stake in First Hawaiian, Inc. $FHB

WINTON GROUP Ltd reduced its position in First Hawaiian, Inc. (NASDAQ:FHB) by 83.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 50,577 shares of the bank’s stock after selling 249,376 shares during the quarter. WINTON GROUP Ltd’s holdings in First Hawaiian were worth $1,482,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in FHB. Integrated Wealth Concepts LLC lifted its holdings in shares of First Hawaiian by 10.9% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 18,092 shares of the bank’s stock worth $530,000 after acquiring an additional 1,773 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of First Hawaiian during the 2nd quarter worth approximately $252,000. IFP Advisors Inc increased its stake in First Hawaiian by 17.9% in the second quarter. IFP Advisors Inc now owns 3,231 shares of the bank’s stock valued at $95,000 after acquiring an additional 491 shares during the last quarter. Allworth Financial LP increased its stake in First Hawaiian by 150.3% in the second quarter. Allworth Financial LP now owns 7,504 shares of the bank’s stock valued at $220,000 after acquiring an additional 4,506 shares during the last quarter. Finally, Nykredit A S acquired a new position in First Hawaiian during the second quarter valued at approximately $65,000. 97.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. TD Cowen reduced their target price on First Hawaiian from $32.00 to $31.00 and set a “hold” rating on the stock in a report on Wednesday, July 29th. Wells Fargo & Company boosted their price target on First Hawaiian from $26.00 to $28.00 and gave the stock an “underweight” rating in a report on Monday, July 6th. The Goldman Sachs Group upped their price objective on First Hawaiian from $27.00 to $30.00 and gave the stock a “sell” rating in a research report on Tuesday, July 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First Hawaiian in a research note on Monday, July 6th. Finally, Piper Sandler lifted their target price on First Hawaiian from $29.00 to $30.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $30.25.

First Hawaiian Stock Performance

NASDAQ FHB opened at $25.75 on Friday. The firm’s fifty day moving average price is $27.54 and its two-hundred day moving average price is $26.86. The stock has a market cap of $3.13 billion, a PE ratio of 11.20, a PEG ratio of 1.62 and a beta of 0.72. First Hawaiian, Inc. has a fifty-two week low of $22.65 and a fifty-two week high of $30.58.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings results on Friday, July 24th. The bank reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. First Hawaiian had a return on equity of 10.27% and a net margin of 24.41%.The company had revenue of $231.27 million during the quarter, compared to analysts’ expectations of $227.77 million. During the same period in the prior year, the company earned $0.58 EPS. As a group, sell-side analysts predict that First Hawaiian, Inc. will post 2.34 earnings per share for the current fiscal year.

First Hawaiian Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 17th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Monday, August 17th. First Hawaiian’s dividend payout ratio is presently 45.22%.

About First Hawaiian

First Hawaiian, Inc (NASDAQ: FHB) is the holding company for First Hawaiian Bank, a regional financial institution headquartered in Honolulu, Hawaii. Founded in 1858 as Bishop & Company, First Hawaiian Bank is the oldest bank in Hawaii and provides banking and financial services to consumers, businesses and government organizations.

The bank offers deposit accounts, residential and commercial lending, credit cards, treasury management, investment and wealth management services, and online and mobile banking.