Fieldview Capital Management LLC Takes Position in First Hawaiian, Inc. $FHB

Fieldview Capital Management LLC acquired a new stake in First Hawaiian, Inc. (NASDAQ:FHB) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 58,372 shares of the bank’s stock, valued at approximately $1,477,000.

Other hedge funds have also recently modified their holdings of the company. SG Americas Securities LLC lifted its holdings in shares of First Hawaiian by 409.2% during the fourth quarter. SG Americas Securities LLC now owns 89,506 shares of the bank’s stock worth $2,265,000 after purchasing an additional 71,927 shares during the period. Elo Mutual Pension Insurance Co lifted its holdings in shares of First Hawaiian by 94.2% during the third quarter. Elo Mutual Pension Insurance Co now owns 51,139 shares of the bank’s stock worth $1,270,000 after purchasing an additional 24,805 shares during the period. Oak Thistle LLC acquired a new stake in shares of First Hawaiian during the fourth quarter worth $1,243,000. Vanguard Group Inc. lifted its holdings in shares of First Hawaiian by 2.5% during the fourth quarter. Vanguard Group Inc. now owns 14,457,575 shares of the bank’s stock worth $365,777,000 after purchasing an additional 358,632 shares during the period. Finally, Ruffer LLP acquired a new stake in shares of First Hawaiian during the fourth quarter worth $3,028,000. 97.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Piper Sandler increased their price target on First Hawaiian from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Wells Fargo & Company increased their price target on First Hawaiian from $24.00 to $26.00 and gave the stock an “underweight” rating in a report on Monday, March 30th. Weiss Ratings raised First Hawaiian from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 9th. Stephens set a $28.00 price target on First Hawaiian in a report on Monday, April 27th. Finally, Wall Street Zen cut First Hawaiian from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $27.56.

First Hawaiian Stock Performance

NASDAQ:FHB opened at $28.69 on Monday. The stock has a fifty day moving average price of $26.88 and a two-hundred day moving average price of $26.14. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 2.11 and a beta of 0.74. First Hawaiian, Inc. has a 1 year low of $22.65 and a 1 year high of $28.69.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings data on Friday, April 24th. The bank reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. The firm had revenue of $220.35 million during the quarter, compared to analysts’ expectations of $223.59 million. First Hawaiian had a return on equity of 10.39% and a net margin of 24.44%.During the same quarter in the prior year, the business posted $0.47 earnings per share. On average, analysts predict that First Hawaiian, Inc. will post 2.33 EPS for the current year.

First Hawaiian Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were given a $0.26 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.04 annualized dividend and a yield of 3.6%. First Hawaiian’s dividend payout ratio is presently 45.61%.

About First Hawaiian

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.