First Hawaiian Inc (NASDAQ:FHB) Director Paribas Bnp sold 24,859,750 shares of First Hawaiian stock in a transaction on Friday, February 1st. The stock was sold at an average price of $26.11, for a total transaction of $649,088,072.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of FHB traded up $0.08 during midday trading on Friday, hitting $25.81. 3,812,137 shares of the stock traded hands, compared to its average volume of 1,614,361. First Hawaiian Inc has a 1-year low of $21.19 and a 1-year high of $31.28. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 3.55 and a beta of 0.99. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.79 and a current ratio of 0.79.
Get First Hawaiian alerts:First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings results on Thursday, January 24th. The bank reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.06. First Hawaiian had a net margin of 32.05% and a return on equity of 11.62%. The company had revenue of $177.08 million during the quarter, compared to the consensus estimate of $190.93 million. During the same quarter in the previous year, the company posted $0.42 earnings per share. Analysts predict that First Hawaiian Inc will post 2.17 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Stockholders of record on Monday, February 25th will be issued a dividend of $0.26 per share. This is an increase from First Hawaiian’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, February 22nd. This represents a $1.04 annualized dividend and a dividend yield of 4.03%. First Hawaiian’s payout ratio is 45.93%.
A number of research firms have commented on FHB. Zacks Investment Research raised shares of First Hawaiian from a “sell” rating to a “hold” rating in a report on Tuesday, December 4th. ValuEngine raised shares of First Hawaiian from a “sell” rating to a “hold” rating in a report on Tuesday. Citigroup decreased their price objective on shares of First Hawaiian from $32.00 to $26.00 and set a “neutral” rating for the company in a report on Monday, October 29th. Finally, BidaskClub downgraded shares of First Hawaiian from a “hold” rating to a “sell” rating in a report on Thursday, December 13th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $30.00.
Several institutional investors and hedge funds have recently made changes to their positions in FHB. Chartwell Investment Partners LLC lifted its holdings in First Hawaiian by 13.7% in the fourth quarter. Chartwell Investment Partners LLC now owns 263,337 shares of the bank’s stock worth $5,928,000 after purchasing an additional 31,718 shares during the period. Janney Montgomery Scott LLC lifted its holdings in First Hawaiian by 148.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 53,557 shares of the bank’s stock worth $1,206,000 after purchasing an additional 31,985 shares during the period. Naples Global Advisors LLC acquired a new stake in First Hawaiian in the fourth quarter worth about $267,000. SG Americas Securities LLC acquired a new stake in First Hawaiian in the fourth quarter worth about $475,000. Finally, Rhumbline Advisers lifted its holdings in First Hawaiian by 10.9% in the fourth quarter. Rhumbline Advisers now owns 97,344 shares of the bank’s stock worth $2,191,000 after purchasing an additional 9,556 shares during the period. 78.73% of the stock is owned by institutional investors.
TRADEMARK VIOLATION WARNING: This report was first published by Ticker Report and is owned by of Ticker Report. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://www.tickerreport.com/banking-finance/4119258/first-hawaiian-inc-fhb-director-sells-649088072-50-in-stock.html.
About First Hawaiian
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 through Retail Banking and Commercial Banking segments. The company accepts various deposit products, such as checking and savings accounts, and time deposit accounts.
Recommended Story: Trading signals using Bollinger bands
No comments:
Post a Comment