First Hawaiian, Inc. (NASDAQ:FHB) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 28.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,563 shares of the bank's stock after purchasing an additional 46,374 shares during the period. Envestnet Asset Management Inc. owned 0.16% of First Hawaiian worth $5,386,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Alliancebernstein L.P. lifted its position in First Hawaiian by 19.7% during the fourth quarter. Alliancebernstein L.P. now owns 5,244,211 shares of the bank's stock valued at $136,087,000 after purchasing an additional 864,420 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 valued at $43,361,000 after purchasing an additional 9,775 shares during the last quarter. Norges Bank purchased a new position in shares of First Hawaiian in the 4th quarter worth approximately $36,266,000. Raymond James Financial Inc. bought a new position in shares of First Hawaiian during the 4th quarter valued at approximately $32,086,000. Finally, Wellington Management Group LLP raised its holdings in First Hawaiian by 1.8% during the 4th quarter. Wellington Management Group LLP now owns 699,224 shares of the bank's stock valued at $18,145,000 after buying an additional 12,523 shares during the period. Hedge funds and other institutional investors own 97.63% of the company's stock.

First Hawaiian Price Performance

FHB traded down $0.24 during trading on Friday, reaching $22.80. 358,939 shares of the company's stock were exchanged, compared to its average volume of 723,917. The company's fifty day simple moving average is $24.30 and its 200-day simple moving average is $25.53. The stock has a market capitalization of $2.88 billion, a P/E ratio of 12.74, a price-to-earnings-growth ratio of 3.28 and a beta of 0.77. First Hawaiian, Inc. has a 1 year low of $19.48 and a 1 year high of $28.80.

First Hawaiian (NASDAQ:FHB - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The bank reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. The company had revenue of $211.00 million during the quarter, compared to the consensus estimate of $210.24 million. First Hawaiian had a net margin of 19.74% and a return on equity of 8.91%. Equities analysts forecast that First Hawaiian, Inc. will post 1.95 EPS for the current year.

First Hawaiian Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Monday, May 19th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.56%. The ex-dividend date is Monday, May 19th. First Hawaiian's dividend payout ratio (DPR) is 58.10%.

Analysts Set New Price Targets

FHB has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on shares of First Hawaiian from $26.00 to $25.00 and set an "underweight" rating on the stock in a research note on Thursday. Keefe, Bruyette & Woods decreased their price target on shares of First Hawaiian from $30.00 to $28.00 and set a "market perform" rating for the company in a research note on Thursday. Wells Fargo & Company reduced their price target on shares of First Hawaiian from $24.00 to $22.00 and set an "underweight" rating for the company in a report on Wednesday, April 9th. Piper Sandler lifted their price target on First Hawaiian from $28.00 to $30.00 and gave the company a "neutral" rating in a report on Monday, February 3rd. Finally, Barclays reduced their price objective on shares of First Hawaiian from $30.00 to $27.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $27.29.

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.