Neuberger Berman Group LLC Sells 142,746 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

Neuberger Berman Group LLC lessened its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 3.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 4,253,340 shares of the bank’s stock after selling 142,746 shares during the period. Neuberger Berman Group LLC’s holdings in First Hawaiian were worth $120,540,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. 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 acquiring an additional 795 shares in the last quarter. Allworth Financial LP raised its stake in shares of First Hawaiian by 50.0% during the 2nd quarter. Allworth Financial LP now owns 1,200 shares of the bank’s stock worth $34,000 after purchasing an additional 400 shares in the last quarter. Eaton Vance Management bought a new stake in shares of First Hawaiian during the 1st quarter worth approximately $37,000. Van ECK Associates Corp bought a new stake in shares of First Hawaiian during the 2nd quarter worth approximately $48,000. Finally, Eagle Bay Advisors LLC bought a new stake in shares of First Hawaiian during the 2nd quarter worth approximately $51,000.

Shares of NASDAQ FHB opened at $27.84 on Thursday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.72 and a quick ratio of 0.72. The stock’s fifty day moving average price is $27.87 and its two-hundred day moving average price is $27.97. First Hawaiian, Inc. has a one year low of $15.11 and a one year high of $30.80. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 13.34, a P/E/G ratio of 1.35 and a beta of 1.25.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings data on Saturday, July 24th. The bank reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.21. First Hawaiian had a return on equity of 10.13% and a net margin of 36.16%. The firm had revenue of $180.85 million for the quarter, compared to analyst estimates of $132.60 million. During the same period in the prior year, the firm posted $0.15 EPS. On average, equities analysts anticipate that First Hawaiian, Inc. will post 2.07 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 3rd. Shareholders of record on Monday, August 23rd were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date was Friday, August 20th. First Hawaiian’s dividend payout ratio is 71.72%.

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company upgraded First Hawaiian from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $23.00 to $28.00 in a research note on Thursday, July 1st. Zacks Investment Research upgraded First Hawaiian from a “sell” rating to a “hold” rating in a research note on Tuesday, July 27th. Bank of America lowered First Hawaiian from a “neutral” rating to an “underperform” rating and set a $33.00 target price on the stock. in a report on Friday, October 8th. Finally, Raymond James initiated coverage on First Hawaiian in a report on Wednesday, July 7th. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $26.42.

About First Hawaiian

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

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