American Century Companies Inc. Has $68.92 Million Stake in First Hawaiian, Inc. (NASDAQ:FHB)

American Century Companies Inc. reduced its stake in First Hawaiian, Inc. (NASDAQ:FHB) by 9.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,656,044 shares of the bank’s stock after selling 286,354 shares during the period. American Century Companies Inc.’s holdings in First Hawaiian were worth $68,924,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Natixis Advisors LLC lifted its position in shares of First Hawaiian by 6.6% during the 3rd quarter. Natixis Advisors LLC now owns 19,304 shares of the bank’s stock valued at $447,000 after acquiring an additional 1,196 shares during the period. Quest Partners LLC acquired a new stake in First Hawaiian during the third quarter worth about $179,000. Charles Schwab Investment Management Inc. increased its holdings in First Hawaiian by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,661,154 shares of the bank’s stock valued at $38,456,000 after buying an additional 11,543 shares during the period. Cerity Partners LLC raised its position in shares of First Hawaiian by 98.2% in the 3rd quarter. Cerity Partners LLC now owns 26,836 shares of the bank’s stock valued at $621,000 after buying an additional 13,297 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of First Hawaiian by 1.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 10,624,759 shares of the bank’s stock worth $245,963,000 after acquiring an additional 122,599 shares during the period. Institutional investors and hedge funds own 97.63% of the company’s stock.

First Hawaiian Trading Down 0.1 %

Shares of FHB opened at $24.99 on Wednesday. The company has a market capitalization of $3.15 billion, a PE ratio of 13.96, a PEG ratio of 3.28 and a beta of 0.94. The stock’s 50-day moving average price is $26.29 and its two-hundred day moving average price is $25.63. First Hawaiian, Inc. has a 12 month low of $19.48 and a 12 month high of $28.80.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Friday, January 31st. The bank reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the company posted $0.37 EPS. Equities research analysts predict that First Hawaiian, Inc. will post 1.95 EPS for the current fiscal year.

First Hawaiian Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.16%. The ex-dividend date of this dividend was Friday, February 14th. First Hawaiian’s dividend payout ratio (DPR) is presently 58.10%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of 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 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. Barclays raised their price objective on First Hawaiian from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. Wells Fargo & Company increased their target price on shares of First Hawaiian from $22.00 to $24.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Finally, Stephens initiated coverage on shares of First Hawaiian in a report on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 price target on the stock. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $29.00.

About First Hawaiian

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.