Zurcher Kantonalbank Zurich Cantonalbank Has $932,000 Holdings in First Hawaiian, Inc. (NASDAQ:FHB)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 20.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 35,911 shares of the bank’s stock after acquiring an additional 6,178 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in First Hawaiian were worth $932,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new position in First Hawaiian in the fourth quarter valued at $36,000. Quarry LP lifted its holdings in First Hawaiian by 459.2% in the third quarter. Quarry LP now owns 2,483 shares of the bank’s stock valued at $57,000 after buying an additional 2,039 shares during the period. Blue Trust Inc. lifted its holdings in First Hawaiian by 49.2% in the fourth quarter. Blue Trust Inc. now owns 2,742 shares of the bank’s stock valued at $71,000 after buying an additional 904 shares during the period. Global Retirement Partners LLC lifted its holdings in First Hawaiian by 32.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank’s stock valued at $74,000 after buying an additional 693 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in First Hawaiian by 14.6% in the fourth quarter. GAMMA Investing LLC now owns 3,624 shares of the bank’s stock valued at $94,000 after buying an additional 461 shares during the period. Institutional investors and hedge funds own 97.63% of the company’s stock.

First Hawaiian Price Performance

NASDAQ:FHB opened at $24.26 on Friday. The firm has a 50-day moving average of $26.31 and a 200-day moving average of $25.59. The company has a market cap of $3.06 billion, a PE ratio of 13.55, a PEG ratio of 3.28 and a beta of 0.94. First Hawaiian, Inc. has a one year low of $19.48 and a one year high of $28.80.

First Hawaiian (NASDAQ:FHB) last posted its earnings results on Friday, January 31st. The bank reported $0.41 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 in the prior year, the firm earned $0.37 earnings per share. On average, equities research analysts expect that First Hawaiian, Inc. will post 1.95 earnings per share for the current fiscal year.

First Hawaiian Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.29%. The ex-dividend date was Friday, February 14th. First Hawaiian’s payout ratio is presently 58.10%.

Wall Street Analyst Weigh In

FHB has been the topic of several research reports. Barclays upped their price objective on shares of First Hawaiian from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods upped their price objective on shares of First Hawaiian from $28.00 to $31.00 and gave the company a “market perform” rating in a report on Monday, February 3rd. The Goldman Sachs Group upped their price objective on shares of First Hawaiian from $26.00 to $29.00 and gave the company a “sell” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. upped their price objective on shares of First Hawaiian from $27.00 to $29.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Finally, Stephens initiated coverage on shares of First Hawaiian in a report on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $29.00.

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.