Steward Partners Investment Advisory LLC Acquires 6,366 Shares of First Hawaiian, Inc. (NASDAQ:FHB)

Steward Partners Investment Advisory LLC increased its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 88.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 13,530 shares of the bank’s stock after acquiring an additional 6,366 shares during the period. Steward Partners Investment Advisory LLC’s holdings in First Hawaiian were worth $351,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of FHB. Jones Financial Companies Lllp purchased a new stake in First Hawaiian during the 4th quarter valued at about $36,000. Quarry LP raised its holdings in shares of First Hawaiian by 459.2% during the third quarter. Quarry LP now owns 2,483 shares of the bank’s stock valued at $57,000 after acquiring an additional 2,039 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of First Hawaiian by 49.2% during the fourth quarter. Blue Trust Inc. now owns 2,742 shares of the bank’s stock valued at $71,000 after acquiring an additional 904 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of First Hawaiian by 32.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank’s stock valued at $74,000 after purchasing an additional 693 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of 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 in the last quarter. 97.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FHB. JPMorgan Chase & Co. increased their price objective on First Hawaiian from $27.00 to $29.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd. Wells Fargo & Company lifted their price objective on First Hawaiian from $22.00 to $24.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Piper Sandler lifted their price target on shares of First Hawaiian from $28.00 to $30.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. The Goldman Sachs Group lifted their price objective on First Hawaiian from $26.00 to $29.00 and gave the stock a “sell” rating in a research report on Monday, February 3rd. Finally, Barclays boosted their price target on First Hawaiian from $28.00 to $30.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $29.00.

First Hawaiian Trading Down 1.5 %

NASDAQ:FHB opened at $24.15 on Friday. First Hawaiian, Inc. has a 1 year low of $19.48 and a 1 year high of $28.80. The firm’s fifty day simple moving average is $26.40 and its 200 day simple moving average is $25.57. The firm has a market capitalization of $3.05 billion, a PE ratio of 13.49, a PEG ratio of 3.28 and a beta of 0.94.

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 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 previous year, the company earned $0.37 EPS. As a group, analysts anticipate that First Hawaiian, Inc. will post 1.95 EPS for the current fiscal year.

First Hawaiian Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.31%. The ex-dividend date was Friday, February 14th. First Hawaiian’s dividend payout ratio is 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.