Corient Private Wealth LLC Acquires New Stake in First Hawaiian, Inc. (NASDAQ:FHB)

Corient Private Wealth LLC acquired a new position in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 13,055 shares of the bank's stock, valued at approximately $339,000.

A number of other large investors have also recently made changes to their positions in FHB. Charles Schwab Investment Management Inc. increased its position in shares of First Hawaiian by 0.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,670,929 shares of the bank's stock valued at $43,361,000 after buying an additional 9,775 shares during the period. Raymond James Financial Inc. purchased a new position in shares of First Hawaiian during the 4th quarter worth approximately $32,086,000. FMR LLC grew its holdings in shares of First Hawaiian by 20.3% during the 3rd quarter. FMR LLC now owns 913,400 shares of the bank's stock worth $21,145,000 after acquiring an additional 154,136 shares during the period. Wellington Management Group LLP boosted its holdings in shares of First Hawaiian by 1.2% during the 3rd quarter. Wellington Management Group LLP now owns 686,701 shares of the bank's stock valued at $15,897,000 after buying an additional 7,926 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in First Hawaiian by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 619,714 shares of the bank's stock worth $16,082,000 after acquiring an additional 17,515 shares in the last quarter. 97.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FHB. 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 report on Monday, February 3rd. Keefe, Bruyette & Woods lifted 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. Wells Fargo & Company increased their target price on First Hawaiian from $22.00 to $24.00 and gave the stock an "underweight" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. raised their price target on First Hawaiian from $27.00 to $29.00 and gave the company an "underweight" rating in a report on Monday, February 3rd. Finally, The Goldman Sachs Group upped their price target on shares of First Hawaiian from $26.00 to $29.00 and gave the stock a "sell" rating in a research note on Monday, February 3rd. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $29.00.

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First Hawaiian Stock Performance

Shares of NASDAQ:FHB traded down $2.02 during midday trading on Thursday, reaching $22.66. 1,768,532 shares of the company's stock traded hands, compared to its average volume of 696,170. First Hawaiian, Inc. has a one year low of $19.48 and a one year high of $28.80. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 12.66, a P/E/G ratio of 3.28 and a beta of 0.77. The stock has a 50 day moving average of $26.03 and a 200 day moving average of $25.66.

First Hawaiian (NASDAQ:FHB - Get Free Report) last issued 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 period last year, the business posted $0.37 earnings per share. Sell-side analysts predict that First Hawaiian, Inc. will post 1.95 EPS for the current fiscal year.

First Hawaiian Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.59%. The ex-dividend date was Friday, February 14th. First Hawaiian's dividend payout ratio is currently 58.10%.

First Hawaiian Company 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.