Corient Private Wealth LLC lifted its stake in First Hawaiian, Inc. (NASDAQ:FHB – Free Report) by 150.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,366 shares of the bank’s stock after acquiring an additional 23,622 shares during the quarter. Corient Private Wealth LLC’s holdings in First Hawaiian were worth $996,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Eurizon Capital SGR S.p.A. purchased a new stake in First Hawaiian in the fourth quarter worth approximately $26,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of First Hawaiian by 2,916.7% during 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. Global Retirement Partners LLC lifted its holdings in shares of First Hawaiian by 45.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,702 shares of the bank’s stock valued at $43,000 after buying an additional 534 shares during the period. Eagle Bay Advisors LLC purchased a new position in shares of First Hawaiian in the 4th quarter worth $46,000. Finally, Danske Bank A S purchased a new stake in First Hawaiian during the third quarter valued at $47,000. Institutional investors own 97.63% of the company’s stock.
First Hawaiian Stock Performance
NASDAQ:FHB opened at $29.97 on Friday. The stock has a 50-day simple moving average of $27.61 and a two-hundred day simple moving average of $26.48. First Hawaiian, Inc. has a 52-week low of $22.65 and a 52-week high of $30.56. The firm has a market capitalization of $3.65 billion, a PE ratio of 13.14, a P/E/G ratio of 2.22 and a beta of 0.72.
First Hawaiian Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were paid a dividend of $0.26 per share. The ex-dividend date was Monday, May 18th. This represents a $1.04 dividend on an annualized basis and a yield of 3.5%. First Hawaiian’s dividend payout ratio (DPR) is presently 45.61%.
Analyst Ratings Changes
FHB has been the topic of several research reports. TD Cowen raised their target price on First Hawaiian from $28.00 to $29.00 and gave the stock a “hold” rating in a research report on Tuesday, April 28th. Stephens set a $28.00 price objective on shares of First Hawaiian in a research note on Monday, April 27th. JPMorgan Chase & Co. raised their price objective on shares of First Hawaiian from $27.00 to $31.00 and gave the stock an “underweight” rating in a report on Wednesday. Weiss Ratings upgraded shares of First Hawaiian from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 9th. Finally, Wells Fargo & Company increased their price target on shares of First Hawaiian from $24.00 to $26.00 and gave the stock an “underweight” rating in a research report on Monday, March 30th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $28.31.
Read Our Latest Stock Analysis on First Hawaiian
About First Hawaiian
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.
Further Reading
- Five stocks we like better than First Hawaiian
- Shorting the Grid: Bloom Energy’s $25B AI Power Play
- SanDisk’s Volatility May Be Telling Bulls What They Want to Hear
- Meta’s AI Compute Push Could Turn Its Massive CapEx Bill Into a Competitive Weapon
- 3 Dividend ETFs Built for Stability in a Volatile Market
Want to see what other hedge funds are holding FHB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Hawaiian, Inc. (NASDAQ:FHB – Free Report).
Receive News & Ratings for First Hawaiian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Hawaiian and related companies with MarketBeat.com's FREE daily email newsletter.
