Vanguard Group Inc. Raises Holdings in First Hawaiian, Inc. (NASDAQ:FHB)

Vanguard Group Inc. raised its position in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,305,856 shares of the bank’s stock after acquiring an additional 27,118 shares during the period. Vanguard Group Inc. owned approximately 11.19% of First Hawaiian worth $371,237,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in First Hawaiian by 1.2% in the third quarter. Wellington Management Group LLP now owns 686,701 shares of the bank’s stock valued at $15,897,000 after purchasing an additional 7,926 shares during the period. Jane Street Group LLC raised its holdings in shares of First Hawaiian by 91.4% during the 3rd quarter. Jane Street Group LLC now owns 176,121 shares of the bank’s stock valued at $4,077,000 after buying an additional 84,120 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in First Hawaiian during the 3rd quarter worth approximately $632,000. BNP Paribas Financial Markets boosted its holdings in First Hawaiian by 78.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 26,352 shares of the bank’s stock worth $610,000 after acquiring an additional 11,604 shares during the period. Finally, FMR LLC raised its stake in shares of First Hawaiian by 20.3% during the third quarter. FMR LLC now owns 913,400 shares of the bank’s stock valued at $21,145,000 after purchasing an additional 154,136 shares during the period. 97.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on FHB shares. JPMorgan Chase & Co. lifted their price target on shares of First Hawaiian from $27.00 to $29.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Wells Fargo & Company boosted their price target on First Hawaiian from $22.00 to $24.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Piper Sandler raised their price objective on First Hawaiian from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods upped their target price on First Hawaiian from $28.00 to $31.00 and gave the company a “market perform” rating in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group raised their price target on shares of First Hawaiian from $26.00 to $29.00 and gave the stock a “sell” rating in a research report on Monday, February 3rd. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $29.00.

First Hawaiian Trading Up 1.9 %

Shares of NASDAQ FHB opened at $24.68 on Thursday. The business has a 50 day simple moving average of $26.10 and a 200-day simple moving average of $25.68. First Hawaiian, Inc. has a twelve month low of $19.48 and a twelve month high of $28.80. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 3.28 and a beta of 0.77.

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

First Hawaiian Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.21%. The ex-dividend date was Friday, February 14th. First Hawaiian’s dividend payout ratio (DPR) is 58.10%.

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.