First Hawaiian, Inc. $FHB Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in First Hawaiian, Inc. (NASDAQ:FHB) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,457,575 shares of the bank’s stock after purchasing an additional 358,632 shares during the quarter. Vanguard Group Inc. owned 0.12% of First Hawaiian worth $365,777,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of FHB. Farther Finance Advisors LLC raised its stake in shares of First Hawaiian by 74.9% during the third quarter. Farther Finance Advisors LLC now owns 1,023 shares of the bank’s stock worth $25,000 after purchasing an additional 438 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in First Hawaiian by 2,916.7% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,086 shares of the bank’s stock valued at $27,000 after buying an additional 1,050 shares during the period. Eagle Bay Advisors LLC acquired a new position in First Hawaiian in the 4th quarter valued at $46,000. Danske Bank A S purchased a new position in First Hawaiian during the 3rd quarter worth $47,000. Finally, CIBC Private Wealth Group LLC purchased a new position in First Hawaiian during the 3rd quarter worth $48,000. Institutional investors and hedge funds own 97.63% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wells Fargo & Company lifted their target price on shares of First Hawaiian from $24.00 to $26.00 and gave the company an “underweight” rating in a report on Monday, March 30th. JPMorgan Chase & Co. cut their price target on shares of First Hawaiian from $29.00 to $25.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st. Wall Street Zen upgraded shares of First Hawaiian from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Piper Sandler lifted their price objective on First Hawaiian from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Finally, Stephens set a $28.00 target price on First Hawaiian in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $27.56.

First Hawaiian Stock Up 0.4%

NASDAQ:FHB opened at $27.62 on Thursday. The firm’s fifty day simple moving average is $25.44 and its 200-day simple moving average is $25.61. The stock has a market cap of $3.36 billion, a PE ratio of 12.11, a price-to-earnings-growth ratio of 2.03 and a beta of 0.75. First Hawaiian, Inc. has a fifty-two week low of $22.65 and a fifty-two week high of $28.35.

First Hawaiian (NASDAQ:FHB) last released its quarterly earnings data on Friday, April 24th. The bank reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. First Hawaiian had a net margin of 24.44% and a return on equity of 10.39%. The firm had revenue of $220.35 million for the quarter, compared to the consensus estimate of $223.59 million. During the same quarter in the previous year, the firm earned $0.47 earnings per share. Equities analysts anticipate that First Hawaiian, Inc. will post 2.33 earnings per share for the current year.

First Hawaiian Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Monday, May 18th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.04 annualized dividend and a dividend yield of 3.8%. First Hawaiian’s payout ratio is 45.61%.

Insiders Place Their Bets

In related news, Director Craig Scott Wo sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $27.21, for a total value of $40,815.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.66% of the stock is owned by insiders.

First Hawaiian Profile

First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.

First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.