Natixis Advisors LLC Has $376,000 Stock Position in First Hawaiian, Inc. (NASDAQ:FHB)

Natixis Advisors LLC lessened its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 2.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,108 shares of the bank’s stock after selling 464 shares during the quarter. Natixis Advisors LLC’s holdings in First Hawaiian were worth $376,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Whittier Trust Co. lifted its stake in First Hawaiian by 68.7% during the second quarter. Whittier Trust Co. now owns 1,245 shares of the bank’s stock worth $26,000 after purchasing an additional 507 shares during the last quarter. TFO Wealth Partners LLC lifted its holdings in First Hawaiian by 35,620.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,786 shares of the bank’s stock worth $41,000 after buying an additional 1,781 shares during the period. Versant Capital Management Inc raised its holdings in First Hawaiian by 55.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,895 shares of the bank’s stock worth $39,000 after purchasing an additional 678 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in First Hawaiian during the first quarter valued at $42,000. Finally, Abich Financial Wealth Management LLC lifted its stake in First Hawaiian by 48.9% in the first quarter. Abich Financial Wealth Management LLC now owns 1,984 shares of the bank’s stock valued at $44,000 after buying an additional 652 shares during the period. Institutional investors and hedge funds own 97.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FHB. Keefe, Bruyette & Woods raised their price objective on shares of First Hawaiian from $25.00 to $26.00 and gave the company a “market perform” rating in a research note on Monday, July 29th. JPMorgan Chase & Co. downgraded shares of First Hawaiian from a “neutral” rating to an “underweight” rating and set a $24.00 price objective for the company. in a report on Monday, July 29th. The Goldman Sachs Group boosted their target price on First Hawaiian from $21.00 to $24.00 and gave the company a “sell” rating in a research note on Monday, July 29th. Barclays increased their price target on First Hawaiian from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Finally, Wells Fargo & Company boosted their price objective on First Hawaiian from $18.00 to $22.00 and gave the company an “underweight” rating in a research note on Monday, July 29th. Four analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, First Hawaiian has a consensus rating of “Reduce” and an average target price of $24.67.

First Hawaiian Stock Performance

Shares of FHB opened at $23.27 on Friday. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 13.37 and a beta of 0.98. First Hawaiian, Inc. has a 52-week low of $17.18 and a 52-week high of $26.18. The stock’s 50-day simple moving average is $23.62 and its 200 day simple moving average is $21.94.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings results on Friday, July 26th. The bank reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.06. First Hawaiian had a net margin of 18.83% and a return on equity of 8.96%. The firm had revenue of $204.62 million during the quarter, compared to analyst estimates of $202.94 million. On average, research analysts forecast that First Hawaiian, Inc. will post 1.79 earnings per share for the current fiscal year.

First Hawaiian Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend was Monday, August 19th. First Hawaiian’s payout ratio is 59.77%.

First Hawaiian Company Profile

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.