Insider Selling: First Hawaiian (NASDAQ:FHB) Insider Sells 36,460 Shares of Stock

First Hawaiian, Inc. (NASDAQ:FHB) insider Alan Arizumi sold 36,460 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The stock was sold at an average price of $25.35, for a total value of $924,261.00. Following the completion of the sale, the insider owned 37,508 shares in the company, valued at $950,827.80. The trade was a 49.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Alan Arizumi also recently made the following trade(s):

• On Thursday, December 4th, Alan Arizumi sold 6,566 shares of First Hawaiian stock. The shares were sold at an average price of $25.34, for a total value of $166,382.44.

First Hawaiian Trading Up 1.1%

First Hawaiian stock traded up $0.29 during mid-day trading on Monday, hitting $25.54. The company had a trading volume of 1,281,092 shares, compared to its average volume of 985,641. First Hawaiian, Inc. has a 12 month low of $20.32 and a 12 month high of $28.28. The company has a market capitalization of $3.16 billion, a PE ratio of 12.46, a price-to-earnings-growth ratio of 1.61 and a beta of 0.74. The stock’s 50 day moving average price is $24.50 and its two-hundred day moving average price is $24.74.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Monday, August 9th. The bank reported $0.44 earnings per share for the quarter. The firm had revenue of $129.16 million during the quarter. First Hawaiian had a return on equity of 9.68% and a net margin of 22.60%. Equities research analysts anticipate that First Hawaiian, Inc. will post 1.95 EPS for the current year.

First Hawaiian Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 17th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Monday, November 17th. First Hawaiian’s dividend payout ratio is currently 50.73%.

Analyst Ratings Changes

A number of research firms have recently commented on FHB. Weiss Ratings upgraded shares of First Hawaiian from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 1st. Barclays upgraded First Hawaiian from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $26.00 to $28.00 in a research note on Tuesday, November 11th. Keefe, Bruyette & Woods boosted their price target on First Hawaiian from $28.00 to $29.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. upped their price target on First Hawaiian from $26.00 to $27.00 and gave the company an “underweight” rating in a report on Monday, October 27th. Finally, Piper Sandler increased their price objective on First Hawaiian from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.43.

Institutional Investors Weigh In On First Hawaiian

A number of hedge funds have recently added to or reduced their stakes in FHB. Bank of Montreal Can boosted its stake in shares of First Hawaiian by 1.7% in the 2nd quarter. Bank of Montreal Can now owns 25,258 shares of the bank’s stock worth $630,000 after buying an additional 422 shares during the last quarter. Farther Finance Advisors LLC increased its position in First Hawaiian by 74.9% during the third quarter. Farther Finance Advisors LLC now owns 1,023 shares of the bank’s stock valued at $25,000 after acquiring an additional 438 shares during the last quarter. Voya Investment Management LLC lifted its holdings in First Hawaiian by 2.9% in the first quarter. Voya Investment Management LLC now owns 15,918 shares of the bank’s stock valued at $389,000 after acquiring an additional 448 shares during the period. PNC Financial Services Group Inc. boosted its position in First Hawaiian by 5.5% in the third quarter. PNC Financial Services Group Inc. now owns 10,941 shares of the bank’s stock worth $272,000 after purchasing an additional 567 shares during the last quarter. Finally, SummerHaven Investment Management LLC boosted its position in First Hawaiian by 1.7% in the second quarter. SummerHaven Investment Management LLC now owns 37,109 shares of the bank’s stock worth $926,000 after purchasing an additional 616 shares during the last quarter. 97.63% of the stock is currently owned by hedge funds and other institutional investors.

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.