NewEdge Wealth LLC increased its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 7.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 73,477 shares of the bank’s stock after acquiring an additional 5,198 shares during the period. NewEdge Wealth LLC owned approximately 0.06% of First Hawaiian worth $2,082,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of FHB. SkyView Investment Advisors LLC lifted its stake in First Hawaiian by 282.9% in the 1st quarter. SkyView Investment Advisors LLC now owns 1,076 shares of the bank’s stock valued at $29,000 after buying an additional 795 shares in the last quarter. Allworth Financial LP lifted its stake in First Hawaiian by 50.0% in the 2nd quarter. Allworth Financial LP now owns 1,200 shares of the bank’s stock valued at $34,000 after buying an additional 400 shares in the last quarter. Eaton Vance Management purchased a new position in First Hawaiian in the 1st quarter valued at about $37,000. Van ECK Associates Corp purchased a new position in First Hawaiian in the 2nd quarter valued at about $48,000. Finally, Eagle Bay Advisors LLC purchased a new position in First Hawaiian in the 2nd quarter valued at about $51,000.
FHB has been the topic of a number of research reports. Wells Fargo & Company raised shares of First Hawaiian from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $23.00 to $28.00 in a research note on Thursday, July 1st. Zacks Investment Research raised shares of First Hawaiian from a “sell” rating to a “hold” rating in a research note on Tuesday, July 27th. Finally, Raymond James began coverage on shares of First Hawaiian in a research note on Wednesday, July 7th. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.10.
First Hawaiian (NASDAQ:FHB) last posted its earnings results on Saturday, July 24th. The bank reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.21. First Hawaiian had a net margin of 36.16% and a return on equity of 10.13%. The firm had revenue of $180.85 million during the quarter, compared to the consensus estimate of $132.60 million. During the same quarter last year, the firm earned $0.15 EPS. As a group, analysts forecast that First Hawaiian, Inc. will post 2.07 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 3rd. Investors of record on Monday, August 23rd were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, August 20th. This represents a $1.04 annualized dividend and a yield of 3.76%. First Hawaiian’s dividend payout ratio (DPR) is presently 71.72%.
First Hawaiian Profile
First Hawaiian, Inc is a bank holding company, which engages in the provision of banking services to consumer and commercial customers, including deposit products, lending services, and wealth management and trust services through its subsidiary First Hawaiian Bank. It operates through the following business segments: Retail Banking, Commercial Banking, and Treasury and Other.
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