Insider Selling: First Hawaiian, Inc. (NASDAQ:FHB) Insider Sells 4,350 Shares of Stock
First Hawaiian, Inc. (NASDAQ:FHB – Get Free Report) insider Christopher L. Dods sold 4,350 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $20.35, for a total transaction of $88,522.50. Following the sale, the insider now directly owns 52,583 shares in the company, valued at approximately $1,070,064.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
First Hawaiian Stock Performance
Shares of NASDAQ FHB traded up $0.25 during trading on Monday, hitting $20.68. 843,273 shares of the company traded hands, compared to its average volume of 871,777. The business’s fifty day moving average is $18.48 and its 200 day moving average is $18.77. First Hawaiian, Inc. has a fifty-two week low of $15.08 and a fifty-two week high of $28.28. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 9.89 and a beta of 1.05.
First Hawaiian (NASDAQ:FHB – Get Free Report) last announced its quarterly earnings data on Friday, October 27th. The bank reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.02. First Hawaiian had a net margin of 24.88% and a return on equity of 11.48%. The firm had revenue of $285.90 million for the quarter, compared to analyst estimates of $199.36 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. On average, analysts predict that First Hawaiian, Inc. will post 1.93 EPS for the current year.
First Hawaiian Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 20th were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, November 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.03%. First Hawaiian’s dividend payout ratio is presently 49.76%.
Institutional Investors Weigh In On First Hawaiian
A number of institutional investors and hedge funds have recently made changes to their positions in FHB. Citigroup Inc. raised its holdings in shares of First Hawaiian by 8.5% in the 1st quarter. Citigroup Inc. now owns 140,077 shares of the bank’s stock worth $3,907,000 after acquiring an additional 10,978 shares during the last quarter. Natixis Advisors L.P. increased its stake in First Hawaiian by 47.5% in the 1st quarter. Natixis Advisors L.P. now owns 19,082 shares of the bank’s stock valued at $532,000 after buying an additional 6,147 shares during the last quarter. MetLife Investment Management LLC purchased a new stake in First Hawaiian in the 1st quarter valued at about $71,000. Rhumbline Advisers increased its stake in First Hawaiian by 0.5% in the 1st quarter. Rhumbline Advisers now owns 313,549 shares of the bank’s stock valued at $8,745,000 after buying an additional 1,501 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in First Hawaiian by 1.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 114,424 shares of the bank’s stock valued at $3,272,000 after buying an additional 1,452 shares during the last quarter. Institutional investors and hedge funds own 97.63% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have commented on FHB shares. Wells Fargo & Company cut their price target on shares of First Hawaiian from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 4th. StockNews.com began coverage on shares of First Hawaiian in a research report on Thursday, October 5th. They set a “sell” rating on the stock. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat.com, First Hawaiian has a consensus rating of “Hold” and a consensus target price of $21.20.
Check Out Our Latest Stock Report on FHB
First Hawaiian Company Profile (Get Free Report)
First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking products and services to consumer and commercial customers in the United States. It operates through three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company accepts various deposit products, include checking and savings accounts, and other deposit accounts.
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