First Hawaiian (FHB) Sees Strong Trading Volume
Shares of First Hawaiian Inc (NASDAQ:FHB) saw unusually-strong trading volume on Wednesday . Approximately 914,235 shares were traded during trading, an increase of 157% from the previous session’s volume of 356,313 shares.The stock last traded at $29.25 and had previously closed at $28.63.
Several research analysts have issued reports on FHB shares. ValuEngine raised First Hawaiian from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research raised First Hawaiian from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Monday, March 5th. BidaskClub raised First Hawaiian from a “hold” rating to a “buy” rating in a report on Friday, March 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $34.00 price objective on shares of First Hawaiian in a report on Friday, December 22nd. Finally, JPMorgan Chase & Co. downgraded First Hawaiian from an “overweight” rating to a “neutral” rating and set a $32.00 price objective on the stock. in a report on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $32.38.
The stock has a market capitalization of $4,020.51, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 2.10 and a beta of 0.48.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Monday, February 26th were paid a $0.24 dividend. The ex-dividend date was Friday, February 23rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.28%. This is an increase from First Hawaiian’s previous quarterly dividend of $0.22. First Hawaiian’s dividend payout ratio is 72.73%.
Several hedge funds have recently bought and sold shares of the company. Janus Henderson Group PLC lifted its stake in shares of First Hawaiian by 8.5% in the 3rd quarter. Janus Henderson Group PLC now owns 4,517,093 shares of the bank’s stock valued at $136,823,000 after purchasing an additional 355,208 shares during the period. BlackRock Inc. lifted its stake in shares of First Hawaiian by 0.6% in the 4th quarter. BlackRock Inc. now owns 2,317,894 shares of the bank’s stock valued at $67,638,000 after purchasing an additional 14,129 shares during the period. Villere ST Denis J & Co. LLC lifted its stake in shares of First Hawaiian by 15.1% in the 4th quarter. Villere ST Denis J & Co. LLC now owns 1,969,699 shares of the bank’s stock valued at $57,475,000 after purchasing an additional 259,056 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of First Hawaiian by 45.4% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,814,950 shares of the bank’s stock valued at $54,975,000 after purchasing an additional 566,520 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of First Hawaiian by 21.3% in the 4th quarter. American Century Companies Inc. now owns 1,139,142 shares of the bank’s stock valued at $33,240,000 after purchasing an additional 200,317 shares during the period. 36.30% of the stock is currently owned by institutional investors.
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About First Hawaiian
First Hawaiian, Inc, formerly BancWest Corporation, is a bank holding company. The Company owns First Hawaiian Bank. It operates through three segments: Retail Banking, which includes the financial products and services it provides to consumers, small businesses and certain commercial customers; Commercial Banking, which includes its corporate banking, residential and commercial real estate loans, commercial lease financing, auto dealer financing, deposit products and credit cards, and Treasury and Other, which includes its treasury business, which consists of corporate asset and liability management activities, including interest rate risk management.
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