Oppenheimer Asset Management Inc. Boosts Stake in First Hawaiian, Inc. (NASDAQ:FHB)

Oppenheimer Asset Management Inc. raised its position in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 5.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,296 shares of the bank’s stock after purchasing an additional 569 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in First Hawaiian were worth $262,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FHB. Whittier Trust Co. boosted its holdings in First Hawaiian by 68.7% in the second quarter. Whittier Trust Co. now owns 1,245 shares of the bank’s stock valued at $26,000 after purchasing an additional 507 shares during the last quarter. Versant Capital Management Inc boosted its position in 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 purchasing an additional 678 shares in the last quarter. Blue Trust Inc. boosted its holdings in First Hawaiian by 51.5% during the third quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock worth $43,000 after buying an additional 625 shares in the last quarter. Abich Financial Wealth Management LLC raised its position in shares of First Hawaiian by 48.9% in the first quarter. Abich Financial Wealth Management LLC now owns 1,984 shares of the bank’s stock worth $44,000 after acquiring an additional 652 shares during the period. Finally, GAMMA Investing LLC raised its holdings in First Hawaiian by 50.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,122 shares of the bank’s stock worth $44,000 after purchasing an additional 710 shares during the period. Hedge funds and other institutional investors own 97.63% of the company’s stock.

First Hawaiian Trading Up 0.5 %

NASDAQ FHB opened at $26.99 on Thursday. The stock has a market cap of $3.45 billion, a PE ratio of 15.42 and a beta of 0.96. First Hawaiian, Inc. has a twelve month low of $18.77 and a twelve month high of $28.38. The stock has a fifty day simple moving average of $24.39 and a 200-day simple moving average of $22.99.

First Hawaiian Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be given a dividend of $0.26 per share. The ex-dividend date is Monday, November 18th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.85%. First Hawaiian’s payout ratio is currently 59.43%.

Analyst Ratings Changes

Several equities research analysts recently commented on FHB shares. JPMorgan Chase & Co. cut their price target on shares of First Hawaiian from $24.00 to $23.00 and set an “underweight” rating for the company in a report on Wednesday, October 9th. Piper Sandler increased their target price on First Hawaiian from $22.00 to $27.00 and gave the company a “neutral” rating in a report on Monday, July 29th. The Goldman Sachs Group boosted their price target on First Hawaiian from $21.00 to $24.00 and gave the stock a “sell” rating in a research report on Monday, July 29th. Barclays lifted their target price on shares of First Hawaiian from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Finally, Wells Fargo & Company upped their price objective on shares of First Hawaiian from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Monday, October 28th. Four investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat, First Hawaiian currently has a consensus rating of “Reduce” and a consensus target price of $24.33.

First Hawaiian 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.