25,800 Shares in First Hawaiian, Inc. (NASDAQ:FHB) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new position in First Hawaiian, Inc. (NASDAQ:FHB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,800 shares of the bank's stock, valued at approximately $670,000.

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

First Hawaiian Price Performance

Shares of NASDAQ:FHB traded down $2.02 during trading on Thursday, reaching $22.66. The stock had a trading volume of 1,768,532 shares, compared to its average volume of 696,170. The stock has a market capitalization of $2.86 billion, a PE ratio of 12.66, a P/E/G ratio of 3.28 and a beta of 0.77. First Hawaiian, Inc. has a 52 week low of $19.48 and a 52 week high of $28.80. The business's 50-day moving average price is $26.10 and its 200 day moving average price is $25.68.

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First Hawaiian (NASDAQ:FHB - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The bank reported $0.41 earnings per share (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 prior year, the business posted $0.37 earnings per share. Analysts forecast that First Hawaiian, Inc. will post 1.95 EPS for the current year.

First Hawaiian Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors 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 yield of 4.59%. First Hawaiian's dividend payout ratio (DPR) is 58.10%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FHB. Keefe, Bruyette & Woods lifted their target price on shares of First Hawaiian from $28.00 to $31.00 and gave the company a "market perform" rating in a research report on Monday, February 3rd. Wells Fargo & Company lifted their price objective on First Hawaiian from $22.00 to $24.00 and gave the company an "underweight" rating in a report on Monday, February 3rd. JPMorgan Chase & Co. upped their price objective on 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 raised their target price on First Hawaiian from $28.00 to $30.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group upped their price target on First Hawaiian from $26.00 to $29.00 and gave the company a "sell" rating in a research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $29.00.

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.