First Hawaiian, Inc. (NASDAQ:FHB – Get Free Report) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 4,270,000 shares, a growth of 16.7% from the June 30th total of 3,660,000 shares. Approximately 3.4% of the company’s shares are sold short. Based on an average trading volume of 704,700 shares, the days-to-cover ratio is currently 6.1 days.
First Hawaiian Price Performance
Shares of FHB opened at $25.26 on Wednesday. First Hawaiian has a 1-year low of $17.18 and a 1-year high of $26.18. The company has a 50-day moving average of $21.46 and a 200 day moving average of $21.47. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 14.52 and a beta of 0.99.
First Hawaiian Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Monday, August 19th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend is Monday, August 19th. First Hawaiian’s dividend payout ratio (DPR) is 59.77%.
Wall Street Analysts Forecast Growth
View Our Latest Report on First Hawaiian
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Whittier Trust Co. grew its position in shares of First Hawaiian by 68.7% in the 2nd quarter. Whittier Trust Co. now owns 1,245 shares of the bank’s stock worth $26,000 after buying an additional 507 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of First Hawaiian by 196.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,253 shares of the bank’s stock worth $27,000 after buying an additional 831 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of First Hawaiian in the 4th quarter worth approximately $37,000. Versant Capital Management Inc grew its position in shares of First Hawaiian by 55.7% in the 2nd quarter. Versant Capital Management Inc now owns 1,895 shares of the bank’s stock worth $39,000 after buying an additional 678 shares during the last quarter. Finally, Quent Capital LLC grew its position in shares of First Hawaiian by 86.5% in the 4th quarter. Quent Capital LLC now owns 1,759 shares of the bank’s stock worth $40,000 after buying an additional 816 shares during the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.
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.
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