TD Waterhouse Canada Inc. Sells 27,425 Shares of First Hawaiian, Inc. $FHB

TD Waterhouse Canada Inc. decreased its holdings in First Hawaiian, Inc. (NASDAQ:FHB) by 69.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 12,321 shares of the bank’s stock after selling 27,425 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in First Hawaiian were worth $372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Elevation Wealth Partners LLC raised its position in First Hawaiian by 378.5% in the second quarter. Elevation Wealth Partners LLC now owns 933 shares of the bank’s stock worth $27,000 after acquiring an additional 738 shares during the period. Eurizon Capital SGR S.p.A. bought a new stake in shares of First Hawaiian during the 4th quarter valued at $26,000. Northwestern Mutual Wealth Management Co. grew its position in shares of First Hawaiian by 2,916.7% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,086 shares of the bank’s stock valued at $27,000 after acquiring an additional 1,050 shares during the period. Global Retirement Partners LLC increased its stake in shares of First Hawaiian by 45.7% in the 4th quarter. Global Retirement Partners LLC now owns 1,702 shares of the bank’s stock worth $43,000 after purchasing an additional 534 shares in the last quarter. Finally, Danske Bank A S bought a new position in First Hawaiian in the 3rd quarter worth $47,000. 97.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on FHB shares. JPMorgan Chase & Co. upped their price target on First Hawaiian from $27.00 to $31.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 1st. Benchmark reiterated a “hold” rating on shares of First Hawaiian in a research report on Tuesday, July 14th. Stephens raised shares of First Hawaiian from an “equal weight” rating to an “overweight” rating and set a $33.00 price objective for the company in a research note on Thursday, August 6th. Wall Street Zen upgraded shares of First Hawaiian from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. Finally, TD Cowen lowered their target price on shares of First Hawaiian from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Wednesday, July 29th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, First Hawaiian currently has a consensus rating of “Reduce” and a consensus target price of $30.25.

First Hawaiian Trading Up 0.2%

NASDAQ FHB opened at $25.67 on Friday. The stock’s 50 day moving average is $27.63 and its 200 day moving average is $26.87. First Hawaiian, Inc. has a 12 month low of $22.65 and a 12 month high of $30.58. The stock has a market cap of $3.12 billion, a PE ratio of 11.16, a P/E/G ratio of 1.61 and a beta of 0.72.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data on Friday, July 24th. The bank reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. The business had revenue of $231.27 million during the quarter, compared to analyst estimates of $227.77 million. First Hawaiian had a net margin of 24.41% and a return on equity of 10.27%. During the same period last year, the firm posted $0.58 EPS. On average, analysts forecast that First Hawaiian, Inc. will post 2.34 EPS for the current fiscal year.

First Hawaiian Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 17th were given a dividend of $0.26 per share. The ex-dividend date was Monday, August 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.1%. First Hawaiian’s dividend payout ratio is currently 45.22%.

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.