Impact Partnership Wealth LLC Invests $268,000 in First Hawaiian, Inc. (NASDAQ:FHB)

Impact Partnership Wealth LLC bought 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 (SEC). The firm bought 10,335 shares of the bank's stock, valued at approximately $268,000.

Several other hedge funds and other institutional investors also recently modified their holdings of FHB. Blue Trust Inc. raised its stake in First Hawaiian by 51.5% in the third quarter. Blue Trust Inc. now owns 1,838 shares of the bank's stock valued at $43,000 after purchasing an additional 625 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of First Hawaiian during the 3rd quarter worth $51,000. Quarry LP grew its position in First Hawaiian by 459.2% in the third quarter. Quarry LP now owns 2,483 shares of the bank's stock worth $57,000 after acquiring an additional 2,039 shares in the last quarter. GAMMA Investing LLC increased its stake in First Hawaiian by 49.1% in the third quarter. GAMMA Investing LLC now owns 3,163 shares of the bank's stock valued at $73,000 after acquiring an additional 1,041 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its position in First Hawaiian by 100.8% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,870 shares of the bank's stock valued at $80,000 after purchasing an additional 1,943 shares in the last quarter. Institutional investors own 97.63% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FHB. JPMorgan Chase & Co. increased their price target on shares of First Hawaiian from $25.00 to $27.00 and gave the company an "underweight" rating in a research report on Tuesday, December 17th. Wells Fargo & Company raised their target price on First Hawaiian from $21.00 to $22.00 and gave the stock an "underweight" rating in a research note on Tuesday, December 3rd. Barclays upped their price target on First Hawaiian from $27.00 to $28.00 and gave the company an "equal weight" rating in a research report on Thursday, December 19th. The Goldman Sachs Group lifted their price objective on First Hawaiian from $22.00 to $26.00 and gave the stock a "sell" rating in a research report on Tuesday, November 26th. Finally, Stephens started coverage on First Hawaiian in a report on Wednesday, November 27th. They set an "equal weight" rating and a $30.00 target price for the company. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $26.86.

First Hawaiian Price Performance

Shares of FHB stock traded up $0.22 on Friday, hitting $26.36. 453,676 shares of the stock traded hands, compared to its average volume of 593,897. First Hawaiian, Inc. has a 52 week low of $19.48 and a 52 week high of $28.80. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 15.06 and a beta of 0.99. The firm has a 50 day simple moving average of $26.44 and a two-hundred day simple moving average of $24.86.

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.