First Hawaiian Inc (NASDAQ:FHB) Sees Significant Growth in Short Interest

First Hawaiian Inc (NASDAQ:FHB) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,610,800 shares, an increase of 6.5% from the July 31st total of 1,512,700 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily volume of 742,200 shares, the short-interest ratio is currently 2.2 days.

Shares of FHB traded down $0.02 during trading hours on Monday, hitting $27.56. 32,113 shares of the stock traded hands, compared to its average volume of 633,598. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15. First Hawaiian has a 1-year low of $21.19 and a 1-year high of $28.59. The firm has a market capitalization of $3.63 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 4.52 and a beta of 1.14. The business has a fifty day moving average of $25.63 and a 200-day moving average of $26.10.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Thursday, July 25th. The bank reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. First Hawaiian had a return on equity of 11.48% and a net margin of 31.56%. The business had revenue of $194.39 million for the quarter, compared to analyst estimates of $196.31 million. During the same quarter in the prior year, the firm posted $0.50 earnings per share. As a group, equities research analysts expect that First Hawaiian will post 2.16 earnings per share for the current fiscal year.



The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 26th were issued a $0.26 dividend. The ex-dividend date was Friday, August 23rd. This represents a $1.04 dividend on an annualized basis and a yield of 3.77%. First Hawaiian’s dividend payout ratio is presently 49.76%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FHB. Bank of Nova Scotia increased its holdings in shares of First Hawaiian by 0.7% in the second quarter. Bank of Nova Scotia now owns 72,604 shares of the bank’s stock worth $1,878,000 after acquiring an additional 504 shares in the last quarter. Metropolitan Life Insurance Co NY increased its holdings in shares of First Hawaiian by 21.5% in the first quarter. Metropolitan Life Insurance Co NY now owns 3,192 shares of the bank’s stock worth $83,000 after acquiring an additional 564 shares in the last quarter. Advisor Group Inc. increased its holdings in shares of First Hawaiian by 11.4% in the second quarter. Advisor Group Inc. now owns 5,594 shares of the bank’s stock worth $144,000 after acquiring an additional 571 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of First Hawaiian by 11.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,297 shares of the bank’s stock worth $215,000 after acquiring an additional 875 shares in the last quarter. Finally, Cerebellum GP LLC increased its holdings in shares of First Hawaiian by 7.4% in the second quarter. Cerebellum GP LLC now owns 13,473 shares of the bank’s stock worth $349,000 after acquiring an additional 923 shares in the last quarter. Institutional investors and hedge funds own 95.77% of the company’s stock.

Several analysts recently commented on the company. TheStreet raised First Hawaiian from a “c” rating to a “b-” rating in a research note on Monday, August 5th. ValuEngine lowered First Hawaiian from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. BidaskClub raised First Hawaiian from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research raised First Hawaiian from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. lowered First Hawaiian from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $26.50 to $26.00 in a research note on Monday, July 29th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $27.80.

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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