BlueStem Wealth Partners LLC Invests $250,000 in First Hawaiian, Inc. (NASDAQ:FHB)

BlueStem Wealth Partners LLC acquired a new stake in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 9,646 shares of the bank's stock, valued at approximately $250,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FHB. Blue Trust Inc. lifted 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. Quarry LP increased 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 buying an additional 2,039 shares during the period. Global Retirement Partners LLC increased its position in First Hawaiian by 32.4% in the 4th quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank's stock worth $74,000 after buying an additional 693 shares during the period. GAMMA Investing LLC grew its stake in shares of First Hawaiian by 14.6% in the fourth quarter. GAMMA Investing LLC now owns 3,624 shares of the bank's stock worth $94,000 after acquiring an additional 461 shares during the last quarter. Finally, KBC Group NV increased its position in First Hawaiian by 72.1% during the fourth quarter. KBC Group NV now owns 6,154 shares of the bank's stock worth $160,000 after acquiring an additional 2,579 shares during the period. 97.63% of the stock is currently owned by institutional investors and hedge funds.

First Hawaiian Trading Down 0.5 %

FHB stock traded down $0.13 during trading on Wednesday, hitting $25.93. 557,530 shares of the stock traded hands, compared to its average volume of 753,638. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 14.49, a P/E/G ratio of 3.28 and a beta of 0.99. First Hawaiian, Inc. has a one year low of $19.48 and a one year high of $28.80. The company has a 50 day simple moving average of $26.50 and a 200 day simple moving average of $25.52.

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

First Hawaiian Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.26 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.01%. First Hawaiian's dividend payout ratio is 58.10%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on FHB shares. JPMorgan Chase & Co. upped their price objective on shares of First Hawaiian from $27.00 to $29.00 and gave the company an "underweight" rating in a research report on Monday, February 3rd. Barclays lifted their price target on shares of First Hawaiian from $28.00 to $30.00 and gave the stock an "equal weight" rating in a research note on Monday, February 3rd. Wells Fargo & Company increased their price objective on shares of First Hawaiian from $22.00 to $24.00 and gave the company an "underweight" rating in a research note on Monday, February 3rd. Piper Sandler lifted their target price on shares of First Hawaiian from $28.00 to $30.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Finally, 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 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 MarketBeat, the company presently has a consensus rating of "Hold" and an average 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.