Empowered Funds LLC Invests $386,000 in First Hawaiian, Inc. (NASDAQ:FHB)

Empowered Funds LLC acquired a new position in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 14,865 shares of the bank's stock, valued at approximately $386,000.

Several other large investors have also modified their holdings of FHB. Wellington Management Group LLP grew its position in First Hawaiian by 1.2% during the 3rd quarter. Wellington Management Group LLP now owns 686,701 shares of the bank's stock worth $15,897,000 after purchasing an additional 7,926 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of First Hawaiian during the third quarter worth about $632,000. Jane Street Group LLC grew its holdings in shares of First Hawaiian by 91.4% during the third quarter. Jane Street Group LLC now owns 176,121 shares of the bank's stock worth $4,077,000 after buying an additional 84,120 shares during the last quarter. FMR LLC increased its position in First Hawaiian by 20.3% in the 3rd quarter. FMR LLC now owns 913,400 shares of the bank's stock valued at $21,145,000 after acquiring an additional 154,136 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in First Hawaiian by 78.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 26,352 shares of the bank's stock valued at $610,000 after acquiring an additional 11,604 shares during the last quarter. Institutional investors and hedge funds own 97.63% of the company's stock.

First Hawaiian Stock Down 2.9 %

Shares of NASDAQ FHB traded down $0.79 during midday trading on Friday, hitting $26.48. The company had a trading volume of 640,271 shares, compared to its average volume of 759,225. The business has a 50-day simple moving average of $26.43 and a two-hundred day simple moving average of $25.30. First Hawaiian, Inc. has a twelve month low of $19.48 and a twelve month high of $28.80. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 14.79, a price-to-earnings-growth ratio of 3.28 and a beta of 0.99.

First Hawaiian (NASDAQ:FHB - Get Free Report) last announced its quarterly 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 quarter last year, the business posted $0.37 EPS. On average, equities analysts forecast that First Hawaiian, Inc. will post 1.95 EPS for the current year.

First Hawaiian Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date is Friday, February 14th. First Hawaiian's dividend payout ratio is currently 58.10%.

Analysts Set New Price Targets

FHB has been the topic of a number of recent research reports. Piper Sandler boosted their target price on 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 boosted their price objective on shares of First Hawaiian from $28.00 to $31.00 and gave the company a "market perform" rating in a research note on Monday, February 3rd. Stephens assumed coverage on shares of First Hawaiian in a research note on Wednesday, November 27th. They issued an "equal weight" rating and a $30.00 target price for the company. Barclays lifted their target price on shares of First Hawaiian from $28.00 to $30.00 and gave the company an "equal weight" rating in a report on Monday, February 3rd. Finally, The Goldman Sachs Group increased their price target on shares of First Hawaiian from $26.00 to $29.00 and gave the stock a "sell" rating in a report on Monday, February 3rd. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $29.00.

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.