JPMorgan Chase & Co. boosted its stake in shares of First Hawaiian Inc (NASDAQ:FHB) by 4.5% during the 1st quarter, Holdings Channel reports. The fund owned 4,307,804 shares of the bank’s stock after purchasing an additional 185,898 shares during the period. JPMorgan Chase & Co.’s holdings in First Hawaiian were worth $112,220,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of FHB. Enlightenment Research LLC acquired a new position in shares of First Hawaiian during the fourth quarter worth $27,000. Parkside Financial Bank & Trust increased its position in shares of First Hawaiian by 165.3% during the first quarter. Parkside Financial Bank & Trust now owns 1,894 shares of the bank’s stock worth $49,000 after purchasing an additional 1,180 shares in the last quarter. American International Group Inc. increased its position in shares of First Hawaiian by 19.2% during the first quarter. American International Group Inc. now owns 2,309 shares of the bank’s stock worth $60,000 after purchasing an additional 372 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of First Hawaiian during the first quarter worth $74,000. Finally, Toronto Dominion Bank increased its position in shares of First Hawaiian by 10,646.7% during the fourth quarter. Toronto Dominion Bank now owns 3,224 shares of the bank’s stock worth $73,000 after purchasing an additional 3,194 shares in the last quarter. 91.22% of the stock is currently owned by institutional investors.

NASDAQ FHB opened at $25.92 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.82 and a current ratio of 0.82. First Hawaiian Inc has a 1 year low of $21.19 and a 1 year high of $31.28. The firm has a market capitalization of $3.68 billion, a P/E ratio of 12.40, a PEG ratio of 3.71 and a beta of 1.17.

First Hawaiian (NASDAQ:FHB) last released its earnings results on Thursday, April 25th. The bank reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. First Hawaiian had a return on equity of 11.60% and a net margin of 31.67%. The firm had revenue of $145.10 million for the quarter, compared to the consensus estimate of $146.96 million. During the same period in the prior year, the firm earned $0.49 EPS. The firm’s revenue was up 3.9% on a year-over-year basis. On average, analysts expect that First Hawaiian Inc will post 2.18 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Tuesday, May 28th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend is Friday, May 24th. First Hawaiian’s payout ratio is 49.76%.

In other news, CEO Robert S. Harrison bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were purchased at an average cost of $25.88 per share, with a total value of $129,400.00. Following the transaction, the chief executive officer now directly owns 80,261 shares in the company, valued at $2,077,154.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.22% of the stock is owned by corporate insiders.

A number of equities analysts have recently issued reports on the company. BidaskClub downgraded First Hawaiian from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research downgraded First Hawaiian from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Finally, ValuEngine raised First Hawaiian from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. First Hawaiian presently has a consensus rating of “Hold” and a consensus price target of $29.60.

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First Hawaiian Company Profile

First Hawaiian, Inc operates as a bank holding company for First Hawaiian Bank that provides a range of banking 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 accepts various deposit products, including checking and savings accounts, and time deposit accounts.

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Institutional Ownership by Quarter for First Hawaiian (NASDAQ:FHB)

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