First Hawaiian, Inc. (NASDAQ:FHB) Shares Sold by Quantum Private Wealth LLC

Quantum Private Wealth LLC reduced its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB) by 9.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 20,130 shares of the bank’s stock after selling 2,000 shares during the quarter. Quantum Private Wealth LLC’s holdings in First Hawaiian were worth $522,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of FHB. Blue Trust Inc. boosted its stake in shares of 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 buying an additional 625 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in First Hawaiian in the third quarter valued at approximately $51,000. Quarry LP boosted its position in First Hawaiian by 459.2% in the 3rd quarter. Quarry LP now owns 2,483 shares of the bank’s stock worth $57,000 after purchasing an additional 2,039 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of First Hawaiian by 14.6% during the 4th quarter. GAMMA Investing LLC now owns 3,624 shares of the bank’s stock worth $94,000 after purchasing an additional 461 shares during the period. Finally, KBC Group NV increased its holdings in shares of First Hawaiian by 72.1% during the 4th quarter. KBC Group NV now owns 6,154 shares of the bank’s stock valued at $160,000 after purchasing an additional 2,579 shares in the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

Analyst Ratings Changes

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

First Hawaiian Price Performance

Shares of First Hawaiian stock opened at $27.12 on Friday. The business has a 50 day simple moving average of $26.43 and a two-hundred day simple moving average of $25.22. The stock has a market capitalization of $3.47 billion, a P/E ratio of 15.15, a PEG ratio of 3.39 and a beta of 0.99. First Hawaiian, Inc. has a 12 month low of $19.48 and a 12 month high of $28.80.

First Hawaiian (NASDAQ:FHB) last announced its quarterly earnings data 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 return on equity of 8.91% and a net margin of 19.74%. During the same period last year, the company posted $0.37 EPS. As a group, research analysts anticipate that First Hawaiian, Inc. will post 1.95 EPS for the current fiscal year.

First Hawaiian Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.26 per share. The ex-dividend date is Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a yield of 3.83%. First Hawaiian’s payout ratio is presently 58.10%.

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.