Wells Fargo & Company MN Lowers Stake in First Hawaiian, Inc. (NASDAQ:FHB)

Wells Fargo & Company MN trimmed its stake in shares of First Hawaiian, Inc. (NASDAQ:FHB - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,023,882 shares of the bank's stock after selling 144,144 shares during the period. Wells Fargo & Company MN owned about 1.58% of First Hawaiian worth $52,520,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FHB. CKW Financial Group grew its position in shares of First Hawaiian by 1.2% during the 4th quarter. CKW Financial Group now owns 32,600 shares of the bank's stock valued at $846,000 after acquiring an additional 400 shares during the period. M&T Bank Corp boosted its position in First Hawaiian by 2.5% during the fourth quarter. M&T Bank Corp now owns 16,661 shares of the bank's stock worth $432,000 after purchasing an additional 409 shares in the last quarter. GAMMA Investing LLC grew its holdings in First Hawaiian by 14.6% in the fourth quarter. GAMMA Investing LLC now owns 3,624 shares of the bank's stock valued at $94,000 after purchasing an additional 461 shares during the period. Global Retirement Partners LLC increased its position in shares of First Hawaiian by 32.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,833 shares of the bank's stock valued at $74,000 after buying an additional 693 shares in the last quarter. Finally, HighPoint Advisor Group LLC raised its stake in shares of First Hawaiian by 6.8% during the 4th quarter. HighPoint Advisor Group LLC now owns 12,086 shares of the bank's stock worth $335,000 after buying an additional 765 shares during the period. 97.63% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of research firms recently issued reports on FHB. JPMorgan Chase & Co. lifted their price target on shares of First Hawaiian from $27.00 to $29.00 and gave the company an "underweight" rating in a research note on Monday, February 3rd. Piper Sandler increased their price objective 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. Barclays cut their target price 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. The Goldman Sachs Group raised their price target on shares of First Hawaiian from $26.00 to $29.00 and gave the company a "sell" rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company cut their price objective on First Hawaiian from $24.00 to $22.00 and set an "underweight" rating for the company in a research note on Wednesday, April 9th. 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 a consensus price target of $28.29.

First Hawaiian Trading Up 2.1 %

FHB stock traded up $0.45 during mid-day trading on Tuesday, reaching $22.19. The company's stock had a trading volume of 101,102 shares, compared to its average volume of 713,109. The company's 50 day moving average is $25.05 and its two-hundred day moving average is $25.56. First Hawaiian, Inc. has a fifty-two week low of $19.48 and a fifty-two week high of $28.80. The stock has a market cap of $2.80 billion, a PE ratio of 12.40, a P/E/G ratio of 3.28 and a beta of 0.77.

First Hawaiian (NASDAQ:FHB - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The bank reported $0.41 EPS for the quarter, beating 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 previous year, the firm earned $0.37 earnings per share. On average, analysts forecast that First Hawaiian, Inc. will post 1.95 earnings per share for the current fiscal year.

First Hawaiian Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.26 per share. The ex-dividend date was Friday, February 14th. This represents a $1.04 annualized dividend and a dividend yield of 4.69%. First Hawaiian's payout ratio is 58.10%.

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.