Savant Capital LLC Sells 19,747 Shares of First Hawaiian, Inc. $FHB

Savant Capital LLC decreased its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 71.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,993 shares of the bank’s stock after selling 19,747 shares during the quarter. Savant Capital LLC’s holdings in First Hawaiian were worth $202,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of First Hawaiian by 2,916.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,086 shares of the bank’s stock valued at $27,000 after purchasing an additional 1,050 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of First Hawaiian by 45.7% in the fourth quarter. Global Retirement Partners LLC now owns 1,702 shares of the bank’s stock valued at $43,000 after purchasing an additional 534 shares during the period. Eagle Bay Advisors LLC purchased a new stake in shares of First Hawaiian in the fourth quarter valued at approximately $46,000. Danske Bank A S purchased a new stake in shares of First Hawaiian in the third quarter valued at approximately $47,000. Finally, CIBC Private Wealth Group LLC purchased a new stake in shares of First Hawaiian in the third quarter valued at approximately $48,000. Hedge funds and other institutional investors own 97.63% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Stephens set a $28.00 price target on First Hawaiian in a report on Monday, April 27th. Wells Fargo & Company upped their target price on First Hawaiian from $24.00 to $26.00 and gave the stock an “underweight” rating in a report on Monday, March 30th. JPMorgan Chase & Co. lowered their target price on First Hawaiian from $29.00 to $25.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st. Weiss Ratings upgraded First Hawaiian from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 9th. Finally, TD Cowen increased their price objective on First Hawaiian from $28.00 to $29.00 and gave the company a “hold” rating in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, First Hawaiian currently has a consensus rating of “Reduce” and an average price target of $27.56.

First Hawaiian Price Performance

Shares of FHB stock opened at $27.54 on Tuesday. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 2.01 and a beta of 0.74. The business has a fifty day moving average of $26.59 and a 200 day moving average of $26.03. First Hawaiian, Inc. has a 1 year low of $22.65 and a 1 year high of $28.35.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Friday, April 24th. The bank reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. First Hawaiian had a return on equity of 10.39% and a net margin of 24.44%.The business had revenue of $220.35 million for the quarter, compared to analyst estimates of $223.59 million. During the same period in the prior year, the company earned $0.47 earnings per share. As a group, equities research analysts expect that First Hawaiian, Inc. will post 2.33 earnings per share for the current year.

First Hawaiian Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, May 18th. First Hawaiian’s dividend payout ratio (DPR) is presently 45.61%.

First Hawaiian Company Profile

First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.

First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.