B. Metzler seel. Sohn & Co. AG Cuts Stock Position in First Hawaiian, Inc. (NASDAQ:FHB)

B. Metzler seel. Sohn & Co. AG trimmed its position in First Hawaiian, Inc. (NASDAQ:FHB) by 13.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,818 shares of the bank’s stock after selling 21,576 shares during the period. B. Metzler seel. Sohn & Co. AG owned approximately 0.11% of First Hawaiian worth $3,628,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp purchased a new position in shares of First Hawaiian during the 4th quarter worth approximately $36,000. Quarry LP grew its holdings in First Hawaiian by 459.2% during the third quarter. Quarry LP now owns 2,483 shares of the bank’s stock worth $57,000 after acquiring an additional 2,039 shares during the period. Blue Trust Inc. raised its position in First Hawaiian by 49.2% in the fourth quarter. Blue Trust Inc. now owns 2,742 shares of the bank’s stock worth $71,000 after acquiring an additional 904 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in First Hawaiian by 32.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank’s stock valued at $74,000 after acquiring an additional 693 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of First Hawaiian by 14.6% during the 4th quarter. GAMMA Investing LLC now owns 3,624 shares of the bank’s stock worth $94,000 after purchasing an additional 461 shares in the last quarter. 97.63% of the stock is owned by institutional investors and hedge funds.

First Hawaiian Stock Down 0.9 %

NASDAQ FHB opened at $24.23 on Wednesday. First Hawaiian, Inc. has a fifty-two week low of $19.48 and a fifty-two week high of $28.80. The business has a fifty day moving average of $26.13 and a 200-day moving average of $25.68. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 13.54, a price-to-earnings-growth ratio of 3.28 and a beta of 0.94.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings data on Friday, January 31st. The bank reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. During the same quarter in the previous year, the firm posted $0.37 earnings per share. As a group, analysts anticipate that First Hawaiian, Inc. will post 1.95 EPS for the current year.

First Hawaiian Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.26 per share. The ex-dividend date was Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a yield of 4.29%. First Hawaiian’s dividend payout ratio (DPR) is currently 58.10%.

Analysts Set New Price Targets

Several brokerages recently commented on FHB. JPMorgan Chase & Co. raised their price objective on shares of First Hawaiian from $27.00 to $29.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd. Wells Fargo & Company lifted their price target on shares of First Hawaiian from $22.00 to $24.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Piper Sandler upped their price target on First Hawaiian from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods lifted their price objective on First Hawaiian from $28.00 to $31.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. Finally, Barclays upped their target price on First Hawaiian from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.