First Hawaiian, Inc. (NASDAQ:FHB) Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. lessened its stake in First Hawaiian, Inc. (NASDAQ:FHB) by 21.9% during the second quarter, reports. The firm owned 57,223 shares of the bank’s stock after selling 16,071 shares during the period. Johnson Investment Counsel Inc.’s holdings in First Hawaiian were worth $1,622,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. SkyView Investment Advisors LLC raised its stake in First Hawaiian by 282.9% during the first quarter. SkyView Investment Advisors LLC now owns 1,076 shares of the bank’s stock worth $29,000 after acquiring an additional 795 shares during the period. Allworth Financial LP raised its stake in First Hawaiian by 50.0% during the second quarter. Allworth Financial LP now owns 1,200 shares of the bank’s stock worth $34,000 after acquiring an additional 400 shares during the period. Eaton Vance Management acquired a new stake in First Hawaiian during the first quarter worth about $37,000. Van ECK Associates Corp acquired a new stake in shares of First Hawaiian in the second quarter valued at approximately $48,000. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of First Hawaiian in the second quarter valued at approximately $51,000.

Shares of NASDAQ:FHB opened at $27.84 on Thursday. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 1.35 and a beta of 1.25. First Hawaiian, Inc. has a 1-year low of $15.11 and a 1-year high of $30.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.72 and a current ratio of 0.72. The company has a 50 day moving average price of $27.87 and a 200 day moving average price of $27.97.

First Hawaiian (NASDAQ:FHB) last issued its earnings results on Saturday, July 24th. The bank reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.21. The firm had revenue of $180.85 million during the quarter, compared to analysts’ expectations of $132.60 million. First Hawaiian had a net margin of 36.16% and a return on equity of 10.13%. During the same period last year, the firm posted $0.15 earnings per share. On average, sell-side analysts expect that First Hawaiian, Inc. will post 2.07 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 3rd. Investors of record on Monday, August 23rd were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend was Friday, August 20th. First Hawaiian’s dividend payout ratio is 71.72%.

Several research analysts have recently issued reports on FHB shares. Wells Fargo & Company upgraded shares of First Hawaiian from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $23.00 to $28.00 in a report on Thursday, July 1st. Raymond James started coverage on shares of First Hawaiian in a report on Wednesday, July 7th. They issued a “market perform” rating for the company. Bank of America cut shares of First Hawaiian from a “neutral” rating to an “underperform” rating and set a $33.00 price objective for the company. in a report on Friday, October 8th. Finally, Zacks Investment Research upgraded shares of First Hawaiian from a “sell” rating to a “hold” rating in a report on Tuesday, July 27th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, First Hawaiian presently has an average rating of “Hold” and a consensus price target of $26.42.

First Hawaiian Profile

First Hawaiian, Inc is a bank holding company, which engages in the provision of banking services to consumer and commercial customers, including deposit products, lending services, and wealth management and trust services through its subsidiary First Hawaiian Bank. It operates through the following business segments: Retail Banking, Commercial Banking, and Treasury and Other.

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Institutional Ownership by Quarter for First Hawaiian (NASDAQ:FHB)

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