Blue Trust Inc. Has $43,000 Stock Position in First Hawaiian, Inc. (NASDAQ:FHB)

Blue Trust Inc. grew its position in First Hawaiian, Inc. (NASDAQ:FHB) by 51.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,838 shares of the bank’s stock after acquiring an additional 625 shares during the quarter. Blue Trust Inc.’s holdings in First Hawaiian were worth $43,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Whittier Trust Co. lifted its position in shares of First Hawaiian by 68.7% during 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 period. Versant Capital Management Inc grew its stake in shares of First Hawaiian by 55.7% during the second quarter. Versant Capital Management Inc now owns 1,895 shares of the bank’s stock worth $39,000 after purchasing an additional 678 shares during the period. Abich Financial Wealth Management LLC grew its stake in shares of First Hawaiian by 48.9% during the first quarter. Abich Financial Wealth Management LLC now owns 1,984 shares of the bank’s stock worth $44,000 after purchasing an additional 652 shares during the period. GAMMA Investing LLC lifted its holdings in First Hawaiian by 50.3% during the second quarter. GAMMA Investing LLC now owns 2,122 shares of the bank’s stock worth $44,000 after acquiring an additional 710 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in First Hawaiian during the second quarter worth about $68,000. Institutional investors own 97.63% of the company’s stock.

First Hawaiian Stock Up 0.3 %

NASDAQ FHB opened at $24.82 on Friday. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 14.18 and a beta of 0.98. First Hawaiian, Inc. has a twelve month low of $17.95 and a twelve month high of $26.18. The stock has a fifty day simple moving average of $23.64 and a 200 day simple moving average of $22.51.

First Hawaiian Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be issued 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 yield of 4.19%. First Hawaiian’s payout ratio is currently 59.43%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on FHB shares. Wells Fargo & Company lifted their target price on First Hawaiian from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Monday, October 28th. Keefe, Bruyette & Woods boosted their price target on First Hawaiian from $25.00 to $26.00 and gave the company a “market perform” rating in a report on Monday, July 29th. JPMorgan Chase & Co. dropped their target price on First Hawaiian from $24.00 to $23.00 and set an “underweight” rating on the stock in a report on Wednesday, October 9th. The Goldman Sachs Group upped their target price on First Hawaiian from $21.00 to $24.00 and gave the stock a “sell” rating in a report on Monday, July 29th. Finally, Piper Sandler boosted their price target on First Hawaiian from $22.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Four analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $24.33.

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.