Savant Capital LLC Reduces Holdings in First Hawaiian, Inc. $FHB

Savant Capital LLC cut its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 71.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in First Hawaiian by 2,916.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,086 shares of the bank’s stock worth $27,000 after buying an additional 1,050 shares during the period. Global Retirement Partners LLC increased its position in First Hawaiian by 45.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,702 shares of the bank’s stock valued at $43,000 after buying an additional 534 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in First Hawaiian during the 4th quarter valued at approximately $46,000. Danske Bank A S bought a new position in First Hawaiian during the 3rd quarter valued at approximately $47,000. Finally, CIBC Private Wealth Group LLC bought a new position in First Hawaiian during the 3rd quarter valued at approximately $48,000. Hedge funds and other institutional investors own 97.63% of the company’s stock.

First Hawaiian Stock Up 0.7%

NASDAQ:FHB opened at $27.54 on Tuesday. The business’s 50-day simple moving average is $26.59 and its two-hundred day simple moving average is $26.03. First Hawaiian, Inc. has a 52 week low of $22.65 and a 52 week high of $28.35. The stock has a market cap of $3.35 billion, a PE ratio of 12.08, a P/E/G ratio of 2.01 and a beta of 0.74.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Friday, April 24th. The bank reported $0.55 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $223.59 million. During the same period in the previous year, the business earned $0.47 earnings per share. Sell-side analysts anticipate that First Hawaiian, Inc. will post 2.33 earnings per share for the current fiscal year.

First Hawaiian Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Monday, May 18th were given 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 payout ratio is presently 45.61%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FHB shares. TD Cowen raised their price objective on First Hawaiian from $28.00 to $29.00 and gave the company a “hold” rating in a research report on Tuesday, April 28th. Wells Fargo & Company raised their price target on First Hawaiian from $24.00 to $26.00 and gave the stock an “underweight” rating in a research note on Monday, March 30th. Stephens set a $28.00 price target on First Hawaiian in a research note on Monday, April 27th. Piper Sandler lifted their target price on First Hawaiian from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. Finally, JPMorgan Chase & Co. lowered their target price on First Hawaiian from $29.00 to $25.00 and set an “underweight” rating on the stock in a research report on Wednesday, April 1st. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $27.56.

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.