First Hawaiian, Inc. (NASDAQ:FHB) recently experienced a boosting support from Commonwealth of Pennsylvania Public School Empls Retrmt SYS which increased its position in FHB by 17.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. With an acquisition of additional 20,298 shares during the quarter, Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns about 0.11% of First Hawaiian’s stock worth $3,558,000 at the end of the most recent quarter.
Recently, FHB announced its quarterly dividend which was paid on Friday, June 2nd to investors of record as of Monday May 22nd who were given a $0.26 dividend while ex-dividend date was Friday May 19th. Thus, representing a $1.04 dividend on an annualized basis and a yield of 5.76% with First Hawaiian’s dividend payout ratio being presently 48.60%.
FHB has been in focus amongst analysts with multiple reports appearing recently that impact investor sentiment regarding their holding in FHB shares or considerate investment thereof; following are few instances – StockNews.com issued a “sell” rating on shares of First Hawaiian in a report on Thursday May 18th wherein they covered FHB for the first time itself; TheStreet lowered their rating from “b-” to “c+”; JPMorgan Chase & Co.informed about lowering FHB’s target price from $27.00 to $21.00; similarly Wells Fargo & Company also dropped their target price on First Hawaiian’s shares from $28.00 to $26.00 and rated it as “equal weight”. Finally, The Goldman Sachs Group reportedly decreased their target price from $27.00 to $22.00.
Out of all these ratings FHB has received over recent times Bloomberg.com reports that presently the average rating of FHB has been recorded as “Hold” with a consensus target price of $23.67. These ratings matter and help investors decide whether they should hold onto or invest in FHB’s shares.
First Hawaiian, Inc.
FHB
Strong Buy
Updated on: 25/09/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Growing Interest in First Hawaiian, Inc.: Institutional Investors and CEO Increase Stake in Bank
First Hawaiian, Inc. (NASDAQ:FHB) has seen some significant changes in its stock holdings over the past few months. A number of large investors have recently modified their holdings in the bank, suggesting that there is growing interest in this financial institution.
For instance, Fuller & Thaler Asset Management Inc. upped its stake in First Hawaiian by 6.8% in the fourth quarter of 2016, and M&T Bank Corp bought a new stake valued at $387,000 during the same period. Meanwhile, Amalgamated Bank boosted its holdings by 25.7%, while Franklin Resources saw an increase of 31.9%. Aviva PLC also acquired a new stake valued at $11,352,000.
In addition to these institutional investments, CEO Robert S. Harrison purchased 23,500 shares of First Hawaiian stock on March 16th at an average cost of $21.61 per share—an investment worth nearly half a million dollars.
First Hawaiian also declared a quarterly dividend recently, which was paid on June 2nd to investors who owned stock as of May 22nd. The dividend payout amounted to $0.26 per share, and represents a yield of 5.76% on an annualized basis.
Despite these promising developments for the bank, however, its share price has fallen from last year’s high of $28.28 to just $18.06 per share as of Friday’s opening bell (June 23rd). Nonetheless, analysts remain bullish on First Hawaiian’s earnings potential: recent figures indicate that it missed consensus estimates for Q1 earnings-per-share by just one penny ($0.52 versus an expected $0.53).
Overall then it seems that First Hawaiian is still very much in demand among institutional investors and individual shareholders alike—the former owning almost all its outstanding shares—despite slight fluctuations in its performance fundamentals and stock pricing in recent times.
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