Zions Bancorporation N.A. Takes $171,000 Position in First Hawaiian, Inc. (NASDAQ:FHB)

Zions Bancorporation N.A. acquired a new position in First Hawaiian, Inc. (NASDAQ:FHB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,572 shares of the bank’s stock, valued at approximately $171,000.

Several other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP grew its position in shares of First Hawaiian by 1.2% during the 3rd quarter. Wellington Management Group LLP now owns 686,701 shares of the bank’s stock worth $15,897,000 after buying an additional 7,926 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in First Hawaiian during the 3rd quarter worth about $632,000. Jane Street Group LLC increased its position in First Hawaiian by 91.4% during the 3rd quarter. Jane Street Group LLC now owns 176,121 shares of the bank’s stock valued at $4,077,000 after purchasing an additional 84,120 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of First Hawaiian by 78.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 26,352 shares of the bank’s stock valued at $610,000 after purchasing an additional 11,604 shares in the last quarter. Finally, FMR LLC lifted its position in shares of First Hawaiian by 20.3% in the 3rd quarter. FMR LLC now owns 913,400 shares of the bank’s stock worth $21,145,000 after purchasing an additional 154,136 shares during the period. 97.63% of the stock is currently owned by hedge funds and other institutional investors.

First Hawaiian Stock Down 0.5 %

Shares of First Hawaiian stock opened at $24.87 on Thursday. The company has a 50 day moving average price of $26.26 and a 200 day moving average price of $25.62. The firm has a market capitalization of $3.14 billion, a P/E ratio of 13.89, a PEG ratio of 3.28 and a beta of 0.94. First Hawaiian, Inc. has a 52 week low of $19.48 and a 52 week high of $28.80.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings data on Friday, January 31st. The bank reported $0.41 EPS for the quarter, topping the consensus estimate of $0.40 by $0.01. First Hawaiian had a net margin of 19.74% and a return on equity of 8.91%. During the same quarter in the prior year, the company earned $0.37 earnings per share. As a group, research 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend was Friday, February 14th. First Hawaiian’s dividend payout ratio is presently 58.10%.

Wall Street Analysts Forecast Growth

FHB has been the subject of a number of recent research reports. Stephens began coverage on shares of First Hawaiian in a research note on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 price objective for the company. Barclays boosted their price target on First Hawaiian from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods raised their price objective on First Hawaiian from $28.00 to $31.00 and gave the company a “market perform” rating in a research report on Monday, February 3rd. Piper Sandler boosted their target price on shares of First Hawaiian from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company raised their price target on shares of First Hawaiian from $22.00 to $24.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $29.00.

First Hawaiian Company 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.