BlueStem Wealth Partners LLC Takes Position in First Hawaiian, Inc. (NASDAQ:FHB)

BlueStem Wealth Partners LLC acquired a new position in First Hawaiian, Inc. (NASDAQ:FHB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,646 shares of the bank’s stock, valued at approximately $250,000.

Several other large investors have also added to or reduced their stakes in the business. CKW Financial Group increased its stake in shares of First Hawaiian by 1.2% during the 4th quarter. CKW Financial Group now owns 32,600 shares of the bank’s stock worth $846,000 after purchasing an additional 400 shares during the last quarter. GAMMA Investing LLC lifted its stake in First Hawaiian by 14.6% in the 4th quarter. GAMMA Investing LLC now owns 3,624 shares of the bank’s stock valued at $94,000 after purchasing an additional 461 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in First Hawaiian by 5.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,229 shares of the bank’s stock worth $237,000 after purchasing an additional 488 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in First Hawaiian by 5.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 11,296 shares of the bank’s stock worth $262,000 after purchasing an additional 569 shares during the period. Finally, Blue Trust Inc. increased its position in First Hawaiian by 51.5% during the third quarter. Blue Trust Inc. now owns 1,838 shares of the bank’s stock worth $43,000 after buying an additional 625 shares during the last quarter. Institutional investors and hedge funds own 97.63% of the company’s stock.

First Hawaiian Price Performance

FHB stock opened at $26.91 on Friday. First Hawaiian, Inc. has a fifty-two week low of $19.48 and a fifty-two week high of $28.80. 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 business’s fifty day moving average price is $26.48 and its two-hundred day moving average price is $25.46.

First Hawaiian (NASDAQ:FHB) last issued its quarterly earnings results on Friday, January 31st. The bank reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.01. First Hawaiian had a return on equity of 8.91% and a net margin of 19.74%. During the same period in the previous year, the company earned $0.37 earnings per share. Research analysts expect that First Hawaiian, Inc. will post 1.95 EPS for the current year.

First Hawaiian Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.86%. The ex-dividend date was Friday, February 14th. First Hawaiian’s dividend payout ratio (DPR) is currently 58.10%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on FHB shares. Wells Fargo & Company lifted their target price on First Hawaiian from $22.00 to $24.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Barclays raised 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. Piper Sandler upped their price objective on shares of First Hawaiian from $28.00 to $30.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. Stephens initiated coverage on shares of First Hawaiian in a research note on Wednesday, November 27th. They set an “equal weight” rating and a $30.00 target price for the company. Finally, Keefe, Bruyette & Woods lifted their target price on shares of First Hawaiian from $28.00 to $31.00 and gave the stock a “market perform” rating in a report on Monday, February 3rd. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, First Hawaiian currently has a consensus rating of “Hold” and a consensus target price of $29.00.

About First Hawaiian

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.