CIBC Asset Management Inc Has $232,000 Stock Holdings in First Hawaiian, Inc. (NASDAQ:FHB)

CIBC Asset Management Inc cut its position in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 26.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,928 shares of the bank’s stock after selling 3,167 shares during the period. CIBC Asset Management Inc’s holdings in First Hawaiian were worth $232,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. boosted its position in First Hawaiian by 96.8% during the third quarter. Harbor Capital Advisors Inc. now owns 478,262 shares of the bank’s stock worth $11,072,000 after purchasing an additional 235,253 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in First Hawaiian during the third quarter worth $3,736,000. FMR LLC lifted its holdings in First Hawaiian by 20.3% during the 3rd quarter. FMR LLC now owns 913,400 shares of the bank’s stock worth $21,145,000 after purchasing an additional 154,136 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in First Hawaiian by 1.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 10,624,759 shares of the bank’s stock worth $245,963,000 after purchasing an additional 122,599 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in First Hawaiian by 91.4% during the 3rd quarter. Jane Street Group LLC now owns 176,121 shares of the bank’s stock worth $4,077,000 after purchasing an additional 84,120 shares during the last quarter. 97.63% of the stock is currently owned by institutional investors and hedge funds.

First Hawaiian Stock Up 0.4 %

Shares of First Hawaiian stock opened at $26.47 on Wednesday. The firm’s 50-day moving average price is $26.40 and its two-hundred day moving average price is $25.38. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 3.28 and a beta of 0.99. First Hawaiian, Inc. has a 12-month low of $19.48 and a 12-month high of $28.80.

First Hawaiian (NASDAQ:FHB) last posted its quarterly earnings results on Friday, January 31st. The bank reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. First Hawaiian had a net margin of 19.74% and a return on equity of 8.91%. During the same quarter last year, the business posted $0.37 EPS. On average, sell-side analysts expect that First Hawaiian, Inc. will post 1.95 earnings per share for the current year.

First Hawaiian Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.04 annualized dividend and a dividend yield of 3.93%. First Hawaiian’s payout ratio is 58.10%.

Analyst Upgrades and Downgrades

FHB has been the subject of several research reports. Keefe, Bruyette & Woods lifted their price target on First Hawaiian from $28.00 to $31.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. Stephens initiated coverage on First Hawaiian in a report on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 price target for the company. Piper Sandler lifted their price target on First Hawaiian from $28.00 to $30.00 and gave the stock a “neutral” rating in a report on Monday, February 3rd. Wells Fargo & Company raised their target price on shares of First Hawaiian from $22.00 to $24.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Finally, Barclays raised their target price on shares of First Hawaiian from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $29.00.

About First Hawaiian

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 in three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company offers various deposit products, including checking, savings, and time deposit accounts, and other deposit accounts.