First Hawaiian, Inc. (NASDAQ:FHB) Shares Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP raised its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 99.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 500,733 shares of the bank's stock after acquiring an additional 249,054 shares during the period. ExodusPoint Capital Management LP owned approximately 0.39% of First Hawaiian worth $12,994,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FHB. Alliancebernstein L.P. grew its holdings in First Hawaiian by 19.7% during the fourth quarter. Alliancebernstein L.P. now owns 5,244,211 shares of the bank's stock worth $136,087,000 after acquiring an additional 864,420 shares during the period. Charles Schwab Investment Management Inc. boosted its position in First Hawaiian by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,670,929 shares of the bank's stock worth $43,361,000 after purchasing an additional 9,775 shares in the last quarter. Norges Bank acquired a new stake in shares of First Hawaiian during the 4th quarter worth approximately $36,266,000. Raymond James Financial Inc. purchased a new position in shares of First Hawaiian during the 4th quarter valued at approximately $32,086,000. Finally, FMR LLC lifted its stake in shares of 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 purchasing an additional 154,136 shares during the period. 97.63% of the stock is owned by hedge funds and other institutional investors.

First Hawaiian Stock Up 6.0 %

Shares of NASDAQ FHB traded up $1.28 during midday trading on Wednesday, hitting $22.54. The stock had a trading volume of 1,765,668 shares, compared to its average volume of 708,663. First Hawaiian, Inc. has a 1 year low of $19.48 and a 1 year high of $28.80. The company has a market capitalization of $2.84 billion, a PE ratio of 12.59, a P/E/G ratio of 3.28 and a beta of 0.77. The stock has a 50 day simple moving average of $25.43 and a 200-day simple moving average of $25.58.

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First Hawaiian (NASDAQ:FHB - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The bank reported $0.41 earnings per share for the quarter, beating 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 company posted $0.37 EPS. As a group, analysts expect that First Hawaiian, Inc. will post 1.95 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, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.26 per share. The ex-dividend date was Friday, February 14th. This represents a $1.04 annualized dividend and a yield of 4.61%. First Hawaiian's dividend payout ratio is presently 58.10%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FHB shares. Wells Fargo & Company dropped their price target on shares of First Hawaiian from $24.00 to $22.00 and set an "underweight" rating on the stock in a research report on Wednesday. Piper Sandler lifted their price target on First Hawaiian from $28.00 to $30.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. upped their price target on First Hawaiian from $27.00 to $29.00 and gave the stock an "underweight" rating in a report on Monday, February 3rd. Barclays dropped their price objective on First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating on the stock in a report on Tuesday. Finally, Keefe, Bruyette & Woods increased their target price on First Hawaiian from $28.00 to $31.00 and gave the company a "market perform" rating in a research report on Monday, February 3rd. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, First Hawaiian presently has an average rating of "Hold" and a consensus price target of $28.29.

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.