Susquehanna International Group LLP Trims Stock Holdings in First Hawaiian, Inc. $FHB

Susquehanna International Group LLP reduced its stake in First Hawaiian, Inc. (NASDAQ:FHB) by 83.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,204 shares of the bank’s stock after selling 65,472 shares during the period. Susquehanna International Group LLP’s holdings in First Hawaiian were worth $387,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of FHB. Royal Bank of Canada increased its position in shares of First Hawaiian by 8.6% in the first quarter. Royal Bank of Canada now owns 165,337 shares of the bank’s stock worth $4,041,000 after purchasing an additional 13,071 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of First Hawaiian by 9.3% during the 1st quarter. Integrated Wealth Concepts LLC now owns 10,060 shares of the bank’s stock worth $246,000 after acquiring an additional 856 shares during the last quarter. United Services Automobile Association purchased a new position in First Hawaiian in the first quarter worth $201,000. Empowered Funds LLC raised its position in First Hawaiian by 10.4% during the first quarter. Empowered Funds LLC now owns 16,407 shares of the bank’s stock valued at $401,000 after purchasing an additional 1,542 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in First Hawaiian by 8.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 425,079 shares of the bank’s stock worth $10,389,000 after purchasing an additional 31,686 shares during the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

First Hawaiian Stock Performance

Shares of FHB stock opened at $25.61 on Tuesday. The firm has a market cap of $3.12 billion, a P/E ratio of 11.13, a P/E/G ratio of 1.63 and a beta of 0.73. First Hawaiian, Inc. has a fifty-two week low of $22.65 and a fifty-two week high of $30.58. The business’s 50 day moving average price is $28.20 and its 200-day moving average price is $26.90.

First Hawaiian (NASDAQ:FHB) last announced its earnings results on Friday, July 24th. The bank reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.02. First Hawaiian had a return on equity of 10.27% and a net margin of 24.41%.The company had revenue of $231.27 million during the quarter, compared to the consensus estimate of $227.77 million. During the same quarter in the prior year, the company earned $0.58 earnings per share. As a group, equities analysts predict that First Hawaiian, Inc. will post 2.34 EPS for the current year.

First Hawaiian Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have commented on FHB. Weiss Ratings reissued a “buy (b)” rating on shares of First Hawaiian in a research note on Monday, July 6th. The Goldman Sachs Group boosted their price target on shares of First Hawaiian from $27.00 to $30.00 and gave the stock a “sell” rating in a research note on Tuesday, July 7th. TD Cowen reduced their price objective on First Hawaiian from $32.00 to $31.00 and set a “hold” rating on the stock in a research note on Wednesday, July 29th. Stephens raised First Hawaiian from an “equal weight” rating to an “overweight” rating and set a $33.00 target price for the company in a research note on Thursday, August 6th. Finally, Wall Street Zen upgraded First Hawaiian from a “sell” rating to a “hold” rating in a research report on Saturday. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $30.25.

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.