20,785 Shares in First Hawaiian, Inc. (NASDAQ:FHB) Acquired by Impact Capital Partners LLC

Impact Capital Partners LLC bought a new position in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 20,785 shares of the bank's stock, valued at approximately $539,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Swiss National Bank raised its holdings in First Hawaiian by 0.8% during the fourth quarter. Swiss National Bank now owns 251,567 shares of the bank's stock worth $6,528,000 after acquiring an additional 1,900 shares in the last quarter. Wealthfront Advisers LLC bought a new stake in First Hawaiian during the fourth quarter worth about $1,507,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in First Hawaiian by 20.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 35,911 shares of the bank's stock worth $932,000 after acquiring an additional 6,178 shares in the last quarter. Amundi raised its holdings in First Hawaiian by 186.5% during the fourth quarter. Amundi now owns 64,503 shares of the bank's stock worth $1,617,000 after acquiring an additional 41,989 shares in the last quarter. Finally, Callan Family Office LLC bought a new stake in First Hawaiian during the fourth quarter worth about $585,000. Institutional investors own 97.63% of the company's stock.

Wall Street Analysts Forecast Growth

FHB has been the topic of several analyst reports. Wells Fargo & Company upped their target price on First Hawaiian from $22.00 to $24.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. The Goldman Sachs Group upped their price objective on First Hawaiian from $26.00 to $29.00 and gave the company a "sell" rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods upped their price objective on First Hawaiian from $28.00 to $31.00 and gave the company a "market perform" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. upped their price objective on First Hawaiian from $27.00 to $29.00 and gave the company an "underweight" rating in a research note on Monday, February 3rd. Finally, Barclays upped their price objective 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. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, First Hawaiian has a consensus rating of "Hold" and an average target price of $29.00.

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First Hawaiian Stock Performance

Shares of NASDAQ FHB traded down $0.14 during trading hours on Tuesday, reaching $24.46. 735,946 shares of the stock were exchanged, compared to its average volume of 653,118. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 13.66, a P/E/G ratio of 3.28 and a beta of 0.94. First Hawaiian, Inc. has a 52 week low of $19.48 and a 52 week high of $28.80. The stock's fifty day simple moving average is $26.35 and its 200 day simple moving average is $25.60.

First Hawaiian (NASDAQ:FHB - Get Free Report) last announced its earnings results on Friday, January 31st. The bank reported $0.41 earnings per share for the quarter, topping 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 quarter last year, the company earned $0.37 EPS. Research analysts predict that First Hawaiian, Inc. will post 1.95 EPS for the current fiscal year.

First Hawaiian Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.25%. First Hawaiian's dividend payout ratio (DPR) is currently 58.10%.

First Hawaiian Profile

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.