Arizona State Retirement System bought a new stake in shares of First Hawaiian Inc (NASDAQ:FHB) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 30,749 shares of the bank’s stock, valued at approximately $508,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Natixis Advisors L.P. increased its position in First Hawaiian by 0.7% during the 4th quarter. Natixis Advisors L.P. now owns 77,052 shares of the bank’s stock valued at $2,223,000 after purchasing an additional 547 shares during the period. Metropolitan Life Insurance Co NY increased its position in First Hawaiian by 21.5% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 3,192 shares of the bank’s stock valued at $83,000 after purchasing an additional 564 shares during the period. Rhumbline Advisers increased its position in First Hawaiian by 0.6% during the 4th quarter. Rhumbline Advisers now owns 106,133 shares of the bank’s stock valued at $3,062,000 after purchasing an additional 589 shares during the period. Rafferty Asset Management LLC boosted its holdings in shares of First Hawaiian by 2.5% in the 4th quarter. Rafferty Asset Management LLC now owns 24,813 shares of the bank’s stock valued at $716,000 after buying an additional 601 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of First Hawaiian by 43.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,037 shares of the bank’s stock valued at $88,000 after buying an additional 918 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

FHB stock opened at $15.89 on Friday. The firm has a 50 day moving average of $16.03 and a 200 day moving average of $24.10. The stock has a market capitalization of $2.11 billion, a PE ratio of 8.34 and a beta of 1.36. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.08. First Hawaiian Inc has a 52 week low of $13.56 and a 52 week high of $31.25.

First Hawaiian (NASDAQ:FHB) last released its earnings results on Friday, April 24th. The bank reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.06). The company had revenue of $187.91 million during the quarter, compared to analyst estimates of $188.14 million. First Hawaiian had a return on equity of 9.73% and a net margin of 29.48%. During the same quarter last year, the business earned $0.53 earnings per share. On average, equities research analysts expect that First Hawaiian Inc will post 1.03 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Tuesday, May 26th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 6.54%. The ex-dividend date is Friday, May 22nd. First Hawaiian’s payout ratio is 47.49%.

In other First Hawaiian news, CFO Ravi Mallela acquired 3,290 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was acquired at an average cost of $14.87 per share, for a total transaction of $48,922.30. Insiders own 0.57% of the company’s stock.

A number of analysts have recently weighed in on FHB shares. TheStreet cut shares of First Hawaiian from a “b” rating to a “c+” rating in a report on Monday, March 9th. Keefe, Bruyette & Woods cut shares of First Hawaiian from an “outperform” rating to a “market perform” rating and set a $22.00 price target on the stock. in a report on Wednesday, April 1st. BidaskClub cut shares of First Hawaiian from a “sell” rating to a “strong sell” rating in a report on Friday, May 8th. Wells Fargo & Co lowered their price target on shares of First Hawaiian from $26.00 to $16.00 and set an “equal weight” rating on the stock in a report on Monday, March 30th. Finally, Compass Point upgraded shares of First Hawaiian from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Monday, April 27th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. First Hawaiian presently has an average rating of “Hold” and a consensus price target of $23.43.

First Hawaiian Company Profile

First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking 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 accepts various deposit products, including checking and savings accounts, and time deposit accounts.

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Institutional Ownership by Quarter for First Hawaiian (NASDAQ:FHB)

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