Global Retirement Partners LLC Buys 693 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

Global Retirement Partners LLC boosted its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 32.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,833 shares of the bank’s stock after purchasing an additional 693 shares during the period. Global Retirement Partners LLC’s holdings in First Hawaiian were worth $74,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. raised its position in First Hawaiian by 51.5% in the third quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock worth $43,000 after acquiring an additional 625 shares during the period. Quarry LP raised its position in First Hawaiian by 459.2% in the third quarter. Quarry LP now owns 2,483 shares of the bank’s stock worth $57,000 after acquiring an additional 2,039 shares during the period. GAMMA Investing LLC raised its position in First Hawaiian by 14.6% in the fourth quarter. GAMMA Investing LLC now owns 3,624 shares of the bank’s stock worth $94,000 after acquiring an additional 461 shares during the period. KBC Group NV raised its position in First Hawaiian by 72.1% in 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 period. Finally, Nisa Investment Advisors LLC raised its position in First Hawaiian by 58.8% in 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 period. 97.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on FHB shares. The Goldman Sachs Group increased their price objective on shares of First Hawaiian from $26.00 to $29.00 and gave the stock a “sell” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. increased their price objective 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 increased their price objective on shares of First Hawaiian from $22.00 to $24.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Barclays increased their price objective on shares of First Hawaiian from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Finally, Stephens started coverage on shares of First Hawaiian in a research note on Wednesday, November 27th. They issued an “equal weight” rating and a $30.00 price objective for the company. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $29.00.

First Hawaiian Stock Performance

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

First Hawaiian (NASDAQ:FHB) last posted its earnings results on Friday, January 31st. The bank reported $0.41 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the business earned $0.37 earnings per share. On average, equities research analysts forecast that First Hawaiian, Inc. will post 1.95 earnings per share for the current year.

First Hawaiian Dividend Announcement

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