Sanctuary Advisors LLC Cuts Stock Position in First Hawaiian, Inc. (NASDAQ:FHB)

Sanctuary Advisors LLC lessened its stake in First Hawaiian, Inc. (NASDAQ:FHB) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,062 shares of the bank’s stock after selling 414 shares during the period. Sanctuary Advisors LLC’s holdings in First Hawaiian were worth $671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its stake in First Hawaiian by 51.5% in the third quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock valued at $43,000 after purchasing an additional 625 shares during the last quarter. Quarry LP grew its stake 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 purchasing an additional 2,039 shares during the last quarter. GAMMA Investing LLC grew its stake 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 purchasing an additional 461 shares during the last quarter. KBC Group NV grew its stake in shares of First Hawaiian by 72.1% during the fourth quarter. KBC Group NV now owns 6,154 shares of the bank’s stock worth $160,000 after acquiring an additional 2,579 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of First Hawaiian by 58.8% during the third quarter. Nisa Investment Advisors LLC now owns 7,020 shares of the bank’s stock worth $163,000 after acquiring an additional 2,600 shares during the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FHB. Piper Sandler boosted their price target on First Hawaiian from $28.00 to $30.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods boosted their price target on First Hawaiian from $28.00 to $31.00 and gave the stock a “market perform” rating in a research note on Monday, February 3rd. Barclays boosted their price target on First Hawaiian from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Stephens began coverage on First Hawaiian in a research note on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 price target on the stock. Finally, The Goldman Sachs Group boosted their price target on First Hawaiian from $26.00 to $29.00 and gave the stock a “sell” rating in a research note on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, First Hawaiian has a consensus rating of “Hold” and a consensus target price of $29.00.

First Hawaiian Stock Up 0.8 %

First Hawaiian stock opened at $26.91 on Friday. First Hawaiian, Inc. has a 52 week low of $19.48 and a 52 week high of $28.80. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 3.28 and a beta of 0.99. The stock has a 50-day moving average price of $26.48 and a 200 day moving average price of $25.45.

First Hawaiian (NASDAQ:FHB) last released its earnings results on Friday, January 31st. The bank reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. During the same quarter in the prior year, the business earned $0.37 earnings per share. Research analysts anticipate that First Hawaiian, Inc. will post 1.95 EPS for the current fiscal year.

First Hawaiian Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend was Friday, February 14th. First Hawaiian’s payout ratio is presently 58.10%.

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.