Impact Partnership Wealth LLC Invests $474,000 in First Hawaiian, Inc. $FHB

Impact Partnership Wealth LLC acquired a new position in First Hawaiian, Inc. (NASDAQ:FHB – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 18,747 shares of the bank’s stock, valued at approximately $474,000.

Several other institutional investors have also recently modified their holdings of FHB. Royal Bank of Canada raised its stake in shares of First Hawaiian by 8.6% in the first quarter. Royal Bank of Canada now owns 165,337 shares of the bank’s stock worth $4,041,000 after purchasing an additional 13,071 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of First Hawaiian by 9.3% in the first quarter. Integrated Wealth Concepts LLC now owns 10,060 shares of the bank’s stock worth $246,000 after purchasing an additional 856 shares during the last quarter. United Services Automobile Association purchased a new position in shares of First Hawaiian in the first quarter worth about $201,000. Empowered Funds LLC raised its stake in shares of First Hawaiian by 10.4% in the first quarter. Empowered Funds LLC now owns 16,407 shares of the bank’s stock worth $401,000 after purchasing an additional 1,542 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of First Hawaiian by 8.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 425,079 shares of the bank’s stock worth $10,389,000 after purchasing an additional 31,686 shares during the last quarter. 97.63% of the stock is currently owned by hedge funds and other institutional investors.

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First Hawaiian Stock Performance

FHB stock opened at $26.98 on Friday. The firm has a market cap of $3.28 billion, a PE ratio of 11.83, a P/E/G ratio of 1.99 and a beta of 0.75. The firm’s fifty day moving average is $26.25 and its 200 day moving average is $25.91. First Hawaiian, Inc. has a one year low of $22.65 and a one year high of $28.35.

First Hawaiian (NASDAQ:FHB – Get Free Report) last released its quarterly earnings results on Friday, April 24th. The bank reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. The company had revenue of $220.35 million for the quarter, compared to analyst estimates of $223.59 million. First Hawaiian had a net margin of 24.44% and a return on equity of 10.39%. During the same quarter last year, the business earned $0.47 earnings per share. Research analysts predict that First Hawaiian, Inc. will post 2.33 earnings per share for the current fiscal year.

First Hawaiian Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Monday, May 18th. First Hawaiian’s dividend payout ratio (DPR) is presently 45.61%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on FHB shares. Wells Fargo & Company raised their price objective on First Hawaiian from $24.00 to $26.00 and gave the stock an “underweight” rating in a research note on Monday, March 30th. Stephens set a $28.00 price target on First Hawaiian in a report on Monday, April 27th. JPMorgan Chase & Co. dropped their price objective on shares of First Hawaiian from $29.00 to $25.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. TD Cowen lifted their target price on shares of First Hawaiian from $28.00 to $29.00 and gave the company a “hold” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings upgraded shares of First Hawaiian from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 9th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $27.56.

Read Our Latest Research Report on First Hawaiian

About First Hawaiian

(Free Report)

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.

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